Axxcess Wealth Management LLC Increases Position in Constellation Brands, Inc. (NYSE:STZ)

Axxcess Wealth Management LLC grew its stake in Constellation Brands, Inc. (NYSE:STZ) by 27.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,629 shares of the company’s stock after acquiring an additional 1,200 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Constellation Brands were worth $1,530,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in STZ. Orion Portfolio Solutions LLC grew its stake in Constellation Brands by 1.1% during the 1st quarter. Orion Portfolio Solutions LLC now owns 3,676 shares of the company’s stock worth $999,000 after buying an additional 39 shares during the last quarter. Capital Advisors Ltd. LLC grew its stake in Constellation Brands by 16.5% during the 1st quarter. Capital Advisors Ltd. LLC now owns 290 shares of the company’s stock worth $79,000 after buying an additional 41 shares during the last quarter. 1620 Investment Advisors Inc. grew its stake in Constellation Brands by 1.8% during the 4th quarter. 1620 Investment Advisors Inc. now owns 2,352 shares of the company’s stock worth $569,000 after buying an additional 42 shares during the last quarter. FAS Wealth Partners Inc. grew its stake in Constellation Brands by 3.5% during the 4th quarter. FAS Wealth Partners Inc. now owns 1,277 shares of the company’s stock worth $309,000 after buying an additional 43 shares during the last quarter. Finally, Smithfield Trust Co grew its stake in Constellation Brands by 5.3% during the 4th quarter. Smithfield Trust Co now owns 854 shares of the company’s stock worth $207,000 after buying an additional 43 shares during the last quarter. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Constellation Brands Stock Performance

Shares of STZ stock traded up $4.10 on Friday, hitting $253.48. The company had a trading volume of 846,431 shares, compared to its average volume of 1,287,151. The firm has a market cap of $46.38 billion, a P/E ratio of 18.89, a price-to-earnings-growth ratio of 1.64 and a beta of 1.75. Constellation Brands, Inc. has a twelve month low of $227.50 and a twelve month high of $274.87. The company has a quick ratio of 0.53, a current ratio of 1.19 and a debt-to-equity ratio of 1.06. The company has a 50-day moving average price of $252.86 and a 200-day moving average price of $255.08.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Wednesday, July 3rd. The company reported $3.57 earnings per share for the quarter, topping analysts’ consensus estimates of $3.46 by $0.11. The company had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Constellation Brands had a return on equity of 23.72% and a net margin of 22.70%. Constellation Brands’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.91 EPS. As a group, equities research analysts predict that Constellation Brands, Inc. will post 13.57 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Wednesday, August 14th will be issued a $1.01 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $4.04 dividend on an annualized basis and a yield of 1.59%. Constellation Brands’s payout ratio is 30.10%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on STZ. UBS Group boosted their target price on Constellation Brands from $315.00 to $320.00 and gave the stock a “buy” rating in a research note on Friday, July 5th. Barclays boosted their target price on Constellation Brands from $287.00 to $295.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. JPMorgan Chase & Co. lifted their price target on Constellation Brands from $291.00 to $320.00 and gave the stock an “overweight” rating in a research report on Friday, July 5th. HSBC lifted their price target on Constellation Brands from $290.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $308.00 price target on shares of Constellation Brands in a research report on Tuesday, May 28th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Constellation Brands currently has an average rating of “Moderate Buy” and an average target price of $300.28.

Insider Buying and Selling

In other Constellation Brands news, EVP Kaneenat Kristann Carey sold 977 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $261.00, for a total transaction of $254,997.00. Following the completion of the sale, the executive vice president now directly owns 2,706 shares in the company, valued at approximately $706,266. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Constellation Brands news, EVP Kaneenat Kristann Carey sold 977 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $261.00, for a total transaction of $254,997.00. Following the completion of the sale, the executive vice president now directly owns 2,706 shares in the company, valued at approximately $706,266. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Michael Mcgrew sold 3,237 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $255.50, for a total value of $827,053.50. Following the sale, the executive vice president now owns 1,731 shares of the company’s stock, valued at $442,270.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,214 shares of company stock valued at $7,620,551. 12.19% of the stock is owned by company insiders.

About Constellation Brands

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.