Cooper Financial Group Has $839,000 Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

Cooper Financial Group boosted its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 9.8% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 3,086 shares of the company’s stock after acquiring an additional 275 shares during the period. Cooper Financial Group’s holdings in Constellation Brands were worth $839,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Salem Investment Counselors Inc. raised its holdings in Constellation Brands by 0.6% during the first quarter. Salem Investment Counselors Inc. now owns 27,386 shares of the company’s stock worth $7,442,000 after buying an additional 172 shares during the last quarter. Fragasso Group Inc. bought a new stake in shares of Constellation Brands in the 1st quarter worth $228,000. Inscription Capital LLC grew its stake in shares of Constellation Brands by 72.2% in the 1st quarter. Inscription Capital LLC now owns 1,825 shares of the company’s stock worth $480,000 after acquiring an additional 765 shares in the last quarter. Park Avenue Securities LLC grew its stake in shares of Constellation Brands by 43.6% in the 1st quarter. Park Avenue Securities LLC now owns 3,230 shares of the company’s stock worth $878,000 after acquiring an additional 980 shares in the last quarter. Finally, American National Bank grew its stake in shares of Constellation Brands by 875.0% in the 1st quarter. American National Bank now owns 4,680 shares of the company’s stock worth $1,272,000 after acquiring an additional 4,200 shares in the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. HSBC upped their target price 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. Jefferies Financial Group upped their target price on shares of Constellation Brands from $292.00 to $314.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Royal Bank of Canada reiterated an “outperform” rating and issued a $308.00 target price on shares of Constellation Brands in a research note on Tuesday, May 28th. JPMorgan Chase & Co. reduced their price target 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. Finally, Piper Sandler began coverage on shares of Constellation Brands in a research report on Friday, March 22nd. They set an “overweight” rating and a $300.00 price target for the company. Three equities research 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 a consensus rating of “Moderate Buy” and an average price target of $298.37.

Constellation Brands Price Performance

Shares of NYSE:STZ opened at $263.50 on Monday. Constellation Brands, Inc. has a twelve month low of $227.50 and a twelve month high of $274.87. The firm has a market capitalization of $48.22 billion, a PE ratio of 28.09, a P/E/G ratio of 1.75 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. The company has a 50-day moving average price of $255.18 and a two-hundred day moving average price of $252.94.

Constellation Brands (NYSE:STZ) last announced its quarterly 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 the consensus estimate of $2.09 billion. During the same period in the prior year, the firm posted $1.98 earnings per share. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities analysts forecast that Constellation Brands, Inc. will post 13.66 EPS for the current year.

Constellation Brands Increases Dividend

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

Insider Transactions at Constellation Brands

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

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.