Integrated Advisors Network LLC Buys 55 Shares of Constellation Brands, Inc. (NYSE:STZ)

Integrated Advisors Network LLC increased its stake in Constellation Brands, Inc. (NYSE:STZ) by 4.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,194 shares of the company’s stock after purchasing an additional 55 shares during the period. Integrated Advisors Network LLC’s holdings in Constellation Brands were worth $289,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. BKM Wealth Management LLC bought a new stake in shares of Constellation Brands during the 4th quarter valued at $28,000. Asset Dedication LLC raised its position in shares of Constellation Brands by 3,833.3% during the 3rd quarter. Asset Dedication LLC now owns 118 shares of the company’s stock valued at $30,000 after acquiring an additional 115 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Constellation Brands during the 4th quarter valued at $37,000. Exchange Traded Concepts LLC bought a new stake in shares of Constellation Brands during the 4th quarter valued at $45,000. Finally, VisionPoint Advisory Group LLC bought a new stake in shares of Constellation Brands during the 3rd quarter valued at $58,000. Institutional investors own 77.34% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on STZ. Jefferies Financial Group boosted their price target on shares of Constellation Brands from $292.00 to $314.00 and gave the company a “buy” rating in a report on Friday, April 12th. Evercore ISI boosted their price target on shares of Constellation Brands from $300.00 to $310.00 and gave the company an “outperform” rating in a report on Friday, April 12th. Roth Mkm reissued a “buy” rating and issued a $305.00 price target on shares of Constellation Brands in a report on Friday, April 12th. Bank of America boosted their price target on shares of Constellation Brands from $290.00 to $300.00 and gave the company a “buy” rating in a report on Monday, March 18th. Finally, UBS Group upped their target price on shares of Constellation Brands from $312.00 to $320.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Three analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $298.20.

Insider Buying and Selling

In other Constellation Brands news, EVP Michael Mcgrew sold 3,237 shares of Constellation Brands stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $255.50, for a total value of $827,053.50. Following the completion of the sale, the executive vice president now directly owns 1,731 shares of the company’s stock, valued at $442,270.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Constellation Brands news, EVP Michael Mcgrew sold 3,237 shares of Constellation Brands stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $255.50, for a total value of $827,053.50. Following the completion of the sale, the executive vice president now directly owns 1,731 shares of the company’s stock, valued at $442,270.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP James A. Jr. Sabia sold 15,781 shares of Constellation Brands stock in a transaction on Friday, April 12th. The shares were sold at an average price of $263.63, for a total transaction of $4,160,345.03. Following the completion of the sale, the executive vice president now directly owns 20,910 shares of the company’s stock, valued at $5,512,503.30. The disclosure for this sale can be found here. Insiders sold 48,031 shares of company stock valued at $12,582,321 over the last quarter. Insiders own 12.19% of the company’s stock.

Constellation Brands Stock Performance

Shares of NYSE:STZ opened at $263.65 on Wednesday. The company’s 50 day moving average price is $255.29 and its two-hundred day moving average price is $252.39. Constellation Brands, Inc. has a 12-month low of $227.50 and a 12-month high of $274.87. The firm has a market cap of $48.24 billion, a PE ratio of 28.11, a PEG ratio of 1.73 and a beta of 0.89. 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 earnings results on Thursday, April 11th. The company reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.16. Constellation Brands had a net margin of 16.13% and a return on equity of 23.06%. The firm had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same quarter in the prior year, the business posted $1.98 EPS. The business’s revenue was up 7.1% compared to the same quarter last year. Equities research analysts predict that Constellation Brands, Inc. will post 13.53 earnings per share for the current year.

Constellation Brands Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Friday, May 3rd were paid a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date was Thursday, May 2nd. This is an increase from Constellation Brands’s previous quarterly dividend of $0.89. Constellation Brands’s dividend payout ratio (DPR) is currently 43.07%.

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.