Mutual Advisors LLC Has $1 Million Stake in Constellation Brands, Inc. (NYSE:STZ)

Mutual Advisors LLC raised its position in Constellation Brands, Inc. (NYSE:STZ) by 184.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,544 shares of the company’s stock after acquiring an additional 2,947 shares during the quarter. Mutual Advisors LLC’s holdings in Constellation Brands were worth $1,004,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp lifted its stake in Constellation Brands by 6.0% in the 3rd quarter. State Street Corp now owns 7,144,428 shares of the company’s stock valued at $1,841,048,000 after purchasing an additional 402,211 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Constellation Brands by 1.2% during the 3rd quarter. Janus Henderson Group PLC now owns 1,853,081 shares of the company’s stock worth $477,515,000 after acquiring an additional 21,454 shares during the period. Legal & General Group Plc boosted its stake in shares of Constellation Brands by 5.7% during the 2nd quarter. Legal & General Group Plc now owns 1,335,976 shares of the company’s stock worth $343,717,000 after acquiring an additional 72,637 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Constellation Brands by 23,184.7% during the 3rd quarter. International Assets Investment Management LLC now owns 499,689 shares of the company’s stock worth $128,765,000 after acquiring an additional 497,543 shares during the last quarter. Finally, National Pension Service raised its stake in Constellation Brands by 13.6% in the 3rd quarter. National Pension Service now owns 381,755 shares of the company’s stock valued at $98,374,000 after acquiring an additional 45,707 shares during the period. Institutional investors own 77.34% of the company’s stock.

Analyst Ratings Changes

STZ has been the topic of several research analyst reports. Evercore ISI dropped their price objective on shares of Constellation Brands from $300.00 to $250.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Jefferies Financial Group restated a “hold” rating and set a $201.00 price objective (down from $310.00) on shares of Constellation Brands in a research report on Monday, January 13th. Wells Fargo & Company reduced their price objective on Constellation Brands from $295.00 to $275.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $203.00 price target (down from $262.00) on shares of Constellation Brands in a report on Monday, January 13th. Finally, Argus lowered Constellation Brands from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $259.05.

Constellation Brands Trading Up 1.9 %

Shares of STZ stock opened at $182.99 on Friday. Constellation Brands, Inc. has a fifty-two week low of $176.51 and a fifty-two week high of $274.87. The stock’s fifty day moving average price is $221.02 and its two-hundred day moving average price is $236.43. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. The company has a market cap of $33.07 billion, a PE ratio of 49.19, a P/E/G ratio of 1.58 and a beta of 0.91.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing the consensus estimate of $3.33 by ($0.08). The business had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.53 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The business’s quarterly revenue was down .3% compared to the same quarter last year. During the same period last year, the business earned $3.19 earnings per share. Equities analysts predict that Constellation Brands, Inc. will post 13.52 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Friday, February 7th. Constellation Brands’s dividend payout ratio is 108.60%.

Insider Activity at Constellation Brands

In other news, Director William T. Giles acquired 1,000 shares of the stock in a transaction dated Friday, January 17th. The stock was bought at an average price of $186.39 per share, with a total value of $186,390.00. Following the completion of the purchase, the director now directly owns 1,463 shares of the company’s stock, valued at $272,688.57. This represents a 215.98 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William A. Newlands sold 25,000 shares of Constellation Brands stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $243.58, for a total transaction of $6,089,500.00. Following the sale, the chief executive officer now owns 7,274 shares in the company, valued at approximately $1,771,800.92. This represents a 77.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 69,172 shares of company stock valued at $16,778,841 in the last quarter. Insiders own 12.19% of the company’s stock.

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.