Financial Council LLC Invests $218,000 in Constellation Brands, Inc. (NYSE:STZ)

Financial Council LLC purchased a new position in Constellation Brands, Inc. (NYSE:STZ) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 803 shares of the company’s stock, valued at approximately $218,000.

Other hedge funds have also recently modified their holdings of the company. BKM Wealth Management LLC purchased a new stake in shares of Constellation Brands in the 4th quarter worth approximately $28,000. YHB Investment Advisors Inc. purchased a new stake in shares of Constellation Brands in the 1st quarter worth approximately $35,000. First Financial Corp IN purchased a new stake in shares of Constellation Brands in the 1st quarter worth approximately $35,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Constellation Brands in the 4th quarter worth approximately $35,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Constellation Brands in the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Constellation Brands from $256.00 to $262.00 and gave the stock a “hold” rating in a research report on Wednesday, April 10th. Bank of America boosted their price objective on shares of Constellation Brands from $290.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. BMO Capital Markets reiterated an “outperform” rating and set a $315.00 price objective on shares of Constellation Brands in a research note on Friday, July 5th. Wedbush reiterated an “outperform” rating and set a $300.00 price objective on shares of Constellation Brands in a research note on Wednesday, April 10th. Finally, HSBC boosted their price objective on shares of Constellation Brands from $290.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Three research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Constellation Brands currently has an average rating of “Moderate Buy” and an average price target of $300.11.

Insider Buying and Selling

In other Constellation Brands news, CEO William A. Newlands sold 25,000 shares of Constellation Brands stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $261.54, for a total transaction of $6,538,500.00. Following the completion of the sale, the chief executive officer now directly owns 14,700 shares in the company, valued at $3,844,638. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO William A. Newlands sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $261.54, for a total value of $6,538,500.00. Following the completion of the transaction, the chief executive officer now owns 14,700 shares of the company’s stock, valued at $3,844,638. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP James A. Jr. Sabia sold 15,781 shares of Constellation Brands stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $263.63, for a total transaction of $4,160,345.03. Following the completion of the transaction, the executive vice president now owns 20,910 shares of the company’s stock, valued at approximately $5,512,503.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,031 shares of company stock worth $12,582,321. Insiders own 12.19% of the company’s stock.

Constellation Brands Stock Performance

Shares of STZ stock traded up $6.36 during trading hours on Thursday, hitting $259.44. The company’s stock had a trading volume of 926,828 shares, compared to its average volume of 1,210,079. The company has a 50 day moving average of $254.66 and a 200 day moving average of $254.59. The stock has a market cap of $47.47 billion, a PE ratio of 27.66, a price-to-earnings-growth ratio of 1.68 and a beta of 0.87. The company has a current ratio of 1.19, a quick ratio of 0.53 and a debt-to-equity ratio of 1.06. Constellation Brands, Inc. has a 12-month low of $227.50 and a 12-month high of $274.87.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Wednesday, July 3rd. The company reported $3.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.46 by $0.11. The business had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.67 billion. Constellation Brands had a net margin of 22.70% and a return on equity of 23.72%. The company’s revenue was up 5.8% compared to the same quarter last year. During the same period last year, the firm posted $2.91 earnings per share. On average, sell-side analysts forecast that Constellation Brands, Inc. will post 13.7 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Wednesday, August 14th will be given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 1.56%. The ex-dividend date is Wednesday, August 14th. Constellation Brands’s payout ratio is currently 43.07%.

Constellation Brands Company Profile

Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company provides beer primarily under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands.