Inceptionr LLC Invests $1.04 Million in Constellation Brands, Inc. (NYSE:STZ)

Inceptionr LLC acquired a new position in Constellation Brands, Inc. (NYSE:STZ) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,708 shares of the company’s stock, valued at approximately $1,040,000.

Several other institutional investors have also recently made changes to their positions in the stock. Metis Global Partners LLC raised 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 during the period. Tokio Marine Asset Management Co. Ltd. raised its stake in Constellation Brands by 1.3% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,205 shares of the company’s stock valued at $1,084,000 after purchasing an additional 52 shares during the period. KCM Investment Advisors LLC raised its stake in Constellation Brands by 1.7% during the 3rd quarter. KCM Investment Advisors LLC now owns 3,382 shares of the company’s stock valued at $872,000 after purchasing an additional 56 shares during the period. Allworth Financial LP raised its stake in Constellation Brands by 0.8% during the 4th quarter. Allworth Financial LP now owns 7,357 shares of the company’s stock valued at $1,626,000 after purchasing an additional 59 shares during the period. Finally, BSW Wealth Partners raised its stake in Constellation Brands by 4.2% during the 4th quarter. BSW Wealth Partners now owns 1,563 shares of the company’s stock valued at $345,000 after purchasing an additional 63 shares during the period. Institutional investors own 77.34% of the company’s stock.

Insider Activity at Constellation Brands

In other Constellation Brands news, Director William T. Giles acquired 1,000 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The stock was bought at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the acquisition, the director now directly owns 1,463 shares in the company, valued at $272,688.57. The trade was a 215.98 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 12.19% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Morgan Stanley downgraded Constellation Brands from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $220.00 to $202.00 in a research note on Thursday, February 27th. Barclays decreased their target price on Constellation Brands from $282.00 to $214.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. 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. StockNews.com raised Constellation Brands from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Argus downgraded Constellation Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Eleven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $253.43.

Constellation Brands Price Performance

Shares of Constellation Brands stock opened at $179.00 on Friday. The stock has a market cap of $32.35 billion, a price-to-earnings ratio of 48.12, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. 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 stock has a 50 day moving average price of $185.00 and a 200-day moving average price of $221.84. Constellation Brands, Inc. has a one year low of $160.46 and a one year high of $274.87.

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

Constellation Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date was Friday, February 7th. Constellation Brands’s payout ratio is currently 108.60%.

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.