LRI Investments LLC Buys New Shares in Constellation Brands, Inc. (NYSE:STZ)

LRI Investments LLC bought a new stake in shares of Constellation Brands, Inc. (NYSE:STZ) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 753 shares of the company’s stock, valued at approximately $195,000.

Other large investors have also made changes to their positions in the company. Perigon Wealth Management LLC lifted its position in shares of Constellation Brands by 46.0% in the fourth quarter. Perigon Wealth Management LLC now owns 6,012 shares of the company’s stock valued at $1,453,000 after acquiring an additional 1,893 shares in the last quarter. Stifel Financial Corp lifted its position in shares of Constellation Brands by 3.2% in the fourth quarter. Stifel Financial Corp now owns 192,585 shares of the company’s stock worth $46,570,000 after buying an additional 5,951 shares in the last quarter. Ascent Wealth Partners LLC purchased a new stake in shares of Constellation Brands in the fourth quarter worth about $962,000. KBC Group NV lifted its position in shares of Constellation Brands by 100.4% in the fourth quarter. KBC Group NV now owns 250,945 shares of the company’s stock worth $60,666,000 after buying an additional 125,730 shares in the last quarter. Finally, Mutual of America Capital Management LLC lifted its position in shares of Constellation Brands by 1.2% in the fourth quarter. Mutual of America Capital Management LLC now owns 37,217 shares of the company’s stock worth $8,997,000 after buying an additional 453 shares in the last quarter. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Constellation Brands news, EVP Kaneenat Kristann Carey sold 977 shares of the company’s stock in a transaction 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 owns 2,706 shares in the company, valued at $706,266. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Constellation Brands news, EVP Kaneenat Kristann Carey sold 977 shares of the company’s stock in a transaction 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 owns 2,706 shares in the company, valued at $706,266. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Michael Mcgrew sold 3,237 shares of the company’s stock in a transaction 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 approximately $442,270.50. The disclosure for this sale can be found here. Insiders sold a total of 29,214 shares of company stock worth $7,620,551 over the last 90 days. Company insiders own 12.19% of the company’s stock.

Constellation Brands Trading Up 1.6 %

NYSE:STZ traded up $4.10 during midday trading on Friday, hitting $253.48. The stock had a trading volume of 846,431 shares, compared to its average volume of 1,287,151. Constellation Brands, Inc. has a one year low of $227.50 and a one year high of $274.87. The company has a market capitalization of $46.19 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 1.67 and a beta of 0.87. The stock has a 50-day moving average of $252.86 and a 200 day moving average of $255.09. The company has a quick ratio of 0.53, a current ratio of 1.19 and a debt-to-equity ratio of 1.06.

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

Constellation Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Wednesday, August 14th will be issued a dividend of $1.01 per share. 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 dividend payout ratio is currently 30.10%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on STZ. Roth Mkm decreased their target price on Constellation Brands from $305.00 to $303.00 and set a “buy” rating on the stock in a research report on Friday, July 5th. Argus upgraded Constellation Brands from a “hold” rating to a “buy” rating and set a $306.00 target price on the stock in a research report on Monday, April 15th. Wedbush reiterated an “outperform” rating and issued a $300.00 target price on shares of Constellation Brands in a research report on Wednesday, April 10th. Royal Bank of Canada reiterated an “outperform” rating and issued a $308.00 target price on shares of Constellation Brands in a research report on Tuesday, May 28th. Finally, Truist Financial reissued a “hold” rating and set a $265.00 price objective on shares of Constellation Brands in a research note on Wednesday, July 3rd. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Constellation Brands presently has an average rating of “Moderate Buy” and a consensus target price of $300.28.

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.