Stonebridge Financial Group LLC Acquires New Shares in Constellation Brands, Inc. (NYSE:STZ)

Stonebridge Financial Group LLC bought a new position in Constellation Brands, Inc. (NYSE:STZ) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 250 shares of the company’s stock, valued at approximately $55,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Oakworth Capital Inc. increased its stake in Constellation Brands by 4.4% during the 3rd quarter. Oakworth Capital Inc. now owns 989 shares of the company’s stock valued at $255,000 after buying an additional 42 shares during the period. PFG Investments LLC lifted its position in Constellation Brands by 3.8% in the third quarter. PFG Investments LLC now owns 1,150 shares of the company’s stock worth $296,000 after purchasing an additional 42 shares during the period. Metis Global Partners LLC boosted its stake in Constellation Brands by 0.8% during the 3rd quarter. Metis Global Partners LLC now owns 5,570 shares of the company’s stock valued at $1,435,000 after purchasing an additional 46 shares in the last quarter. Rosenberg Matthew Hamilton increased its position in shares of Constellation Brands by 6.2% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 858 shares of the company’s stock valued at $221,000 after purchasing an additional 50 shares during the period. Finally, Strategic Investment Solutions Inc. IL lifted its holdings in shares of Constellation Brands by 4.6% in the third quarter. Strategic Investment Solutions Inc. IL now owns 1,158 shares of the company’s stock valued at $298,000 after buying an additional 51 shares during the period. 77.34% of the stock is owned by institutional investors.

Constellation Brands Trading Up 1.4 %

Shares of Constellation Brands stock opened at $163.25 on Friday. Constellation Brands, Inc. has a 52-week low of $160.46 and a 52-week high of $274.87. The firm has a market capitalization of $29.50 billion, a PE ratio of 43.88, a price-to-earnings-growth ratio of 1.51 and a beta of 1.75. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. The company’s fifty day moving average price is $204.40 and its two-hundred day moving average price is $229.45.

Constellation Brands (NYSE:STZ) last posted its earnings results on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). The business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.53 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The business’s revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.19 EPS. On average, analysts expect that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 2.47%. The ex-dividend date is Friday, February 7th. Constellation Brands’s dividend payout ratio is 108.60%.

Analyst Upgrades and Downgrades

STZ has been the topic of several research reports. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $203.00 price target (down from $262.00) on shares of Constellation Brands in a research report on Monday, January 13th. TD Cowen lowered their price objective on shares of Constellation Brands from $270.00 to $260.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Royal Bank of Canada reissued an “outperform” rating and set a $293.00 target price on shares of Constellation Brands in a research note on Monday, February 3rd. Jefferies Financial Group reaffirmed a “hold” rating and issued a $201.00 price target (down from $310.00) on shares of Constellation Brands in a research note on Monday, January 13th. Finally, Needham & Company LLC reissued a “buy” rating and set a $240.00 price objective on shares of Constellation Brands in a research report on Monday, January 27th. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Constellation Brands has an average rating of “Moderate Buy” and an average target price of $254.29.

Insider Buying and Selling at Constellation Brands

In other Constellation Brands news, major shareholder Wildstar Partners Llc sold 660 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $241.00, for a total transaction of $159,060.00. Following the sale, the insider now owns 1,736,884 shares of the company’s stock, valued at $418,589,044. This represents a 0.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William T. Giles acquired 1,000 shares of the company’s stock in a transaction on Friday, January 17th. The shares were purchased at an average cost of $186.39 per share, with a total value of $186,390.00. Following the completion of the acquisition, the director now directly owns 1,463 shares in the company, valued at approximately $272,688.57. The trade was a 215.98 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 12.19% of the company’s stock.

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.