Rothschild Investment LLC Buys New Stake in Constellation Brands, Inc. (NYSE:STZ)

Rothschild Investment LLC bought a new stake in Constellation Brands, Inc. (NYSE:STZ) during the second quarter, HoldingsChannel.com reports. The fund bought 408 shares of the company’s stock, valued at approximately $105,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Stifel Financial Corp grew its stake in Constellation Brands by 3.2% during the fourth quarter. Stifel Financial Corp now owns 192,585 shares of the company’s stock worth $46,570,000 after buying an additional 5,951 shares during the last quarter. KBC Group NV grew its stake in Constellation Brands by 100.4% during the fourth quarter. KBC Group NV now owns 250,945 shares of the company’s stock worth $60,666,000 after buying an additional 125,730 shares during the last quarter. Manning & Napier Advisors LLC bought a new stake in Constellation Brands during the second quarter worth about $119,394,000. Vanguard Group Inc. grew its stake in Constellation Brands by 3.5% during the first quarter. Vanguard Group Inc. now owns 13,705,793 shares of the company’s stock worth $3,724,686,000 after buying an additional 462,891 shares during the last quarter. Finally, Howland Capital Management LLC grew its stake in Constellation Brands by 3.0% during the first quarter. Howland Capital Management LLC now owns 141,314 shares of the company’s stock worth $38,403,000 after buying an additional 4,051 shares during the last quarter. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Trading Up 2.6 %

Shares of NYSE STZ opened at $246.91 on Wednesday. The company’s 50 day simple moving average is $246.95 and its 200 day simple moving average is $253.70. Constellation Brands, Inc. has a fifty-two week low of $227.50 and a fifty-two week high of $274.87. The firm has a market capitalization of $45.18 billion, a P/E ratio of 18.40, a P/E/G ratio of 1.59 and a beta of 1.75. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.19 and a quick ratio of 0.53.

Constellation Brands (NYSE:STZ) last posted its earnings results on Wednesday, July 3rd. The company reported $3.57 earnings per share for the quarter, topping the consensus estimate of $3.46 by $0.11. The company had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.67 billion. Constellation Brands had a net margin of 22.70% and a return on equity of 23.72%. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the business posted $2.91 earnings per share. On average, analysts predict that Constellation Brands, Inc. will post 13.54 EPS for the current year.

Constellation Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Wednesday, August 14th were issued a $1.01 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $4.04 annualized dividend and a yield of 1.64%. Constellation Brands’s dividend payout ratio (DPR) is presently 30.10%.

Insiders Place Their Bets

In other Constellation Brands news, CFO Garth Hankinson sold 13,583 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $240.00, for a total value of $3,259,920.00. Following the sale, the chief financial officer now directly owns 11,702 shares in the company, valued at $2,808,480. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Garth Hankinson sold 13,583 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $240.00, for a total transaction of $3,259,920.00. Following the completion of the sale, the chief financial officer now owns 11,702 shares of the company’s stock, valued at $2,808,480. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel J. Mccarthy sold 1,854 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $252.43, for a total transaction of $468,005.22. Following the sale, the director now directly owns 3,232 shares of the company’s stock, valued at approximately $815,853.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,414 shares of company stock worth $3,982,922. Company insiders own 12.19% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Roth Mkm decreased their price objective on shares of Constellation Brands from $305.00 to $303.00 and set a “buy” rating on the stock in a research note on Friday, July 5th. Morgan Stanley reduced their target price on shares of Constellation Brands from $305.00 to $280.00 and set an “overweight” rating on the stock in a research report on Monday, August 26th. Truist Financial reiterated a “hold” rating and set a $265.00 target price on shares of Constellation Brands in a research report on Wednesday, July 3rd. Royal Bank of Canada reiterated an “outperform” rating and set a $308.00 target price on shares of Constellation Brands in a research report on Tuesday. Finally, Jefferies Financial Group upped their target price on shares of Constellation Brands from $310.00 to $311.00 and gave the stock a “buy” rating in a research report on Friday, July 5th. Three research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $298.53.

Constellation Brands 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.