Kapitalo Investimentos Ltda Makes New $35,000 Investment in Constellation Brands, Inc. (NYSE:STZ)

Kapitalo Investimentos Ltda purchased a new position in Constellation Brands, Inc. (NYSE:STZ) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 145 shares of the company’s stock, valued at approximately $35,000.

A number of other hedge funds also recently modified their holdings of STZ. Morgan Stanley increased its stake in Constellation Brands by 1.5% during the 3rd quarter. Morgan Stanley now owns 4,050,468 shares of the company’s stock worth $1,018,005,000 after purchasing an additional 58,518 shares in the last quarter. Capital Research Global Investors increased its position in shares of Constellation Brands by 12.9% during the fourth quarter. Capital Research Global Investors now owns 2,247,617 shares of the company’s stock worth $543,361,000 after acquiring an additional 256,738 shares in the last quarter. Norges Bank acquired a new stake in shares of Constellation Brands during the fourth quarter worth $443,844,000. Northern Trust Corp lifted its position in Constellation Brands by 3.7% in the 3rd quarter. Northern Trust Corp now owns 1,499,035 shares of the company’s stock valued at $376,752,000 after acquiring an additional 53,862 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Constellation Brands by 38.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,403,495 shares of the company’s stock worth $335,402,000 after purchasing an additional 388,390 shares during the period. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Stock Down 0.3 %

STZ opened at $262.88 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.53 and a debt-to-equity ratio of 1.06. The stock’s fifty day simple moving average is $255.16 and its 200 day simple moving average is $252.54. Constellation Brands, Inc. has a 1-year low of $227.50 and a 1-year high of $274.87. The stock has a market cap of $48.10 billion, a PE ratio of 28.03, a price-to-earnings-growth ratio of 1.80 and a beta of 0.89.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Thursday, April 11th. The company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.16. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.09 billion. Constellation Brands had a net margin of 16.13% and a return on equity of 23.06%. The company’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.98 earnings per share. As a group, research analysts expect that Constellation Brands, Inc. will post 13.53 earnings per share for the current year.

Constellation Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Friday, May 3rd were issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend was Thursday, May 2nd. This is a boost from Constellation Brands’s previous quarterly dividend of $0.89. Constellation Brands’s payout ratio is currently 43.07%.

Insider Activity

In other Constellation Brands news, EVP James A. Jr. Sabia sold 15,781 shares of the company’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $263.63, for a total value of $4,160,345.03. Following the transaction, the executive vice president now directly owns 20,910 shares of the company’s stock, valued at approximately $5,512,503.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Constellation Brands news, CEO William A. Newlands sold 4,013 shares of Constellation Brands stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $263.25, for a total value of $1,056,422.25. Following the completion of the sale, the chief executive officer now owns 5,395 shares in the company, valued at approximately $1,420,233.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP James A. Jr. Sabia sold 15,781 shares of the business’s stock in a transaction dated 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 approximately $5,512,503.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,031 shares of company stock valued at $12,582,321. 12.19% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on STZ. Barclays dropped their price target on Constellation Brands from $295.00 to $288.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 29th. Wedbush restated an “outperform” rating and issued a $300.00 target price on shares of Constellation Brands in a research note on Wednesday, April 10th. HSBC raised their price target on shares of Constellation Brands from $290.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Bank of America boosted their price objective on shares of Constellation Brands from $290.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Constellation Brands from $296.00 to $291.00 and set an “overweight” rating for the company in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, Constellation Brands presently has an average rating of “Moderate Buy” and an average price target of $297.45.

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.