Constellation Brands, Inc. (NYSE:STZ) Shares Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC raised its holdings in Constellation Brands, Inc. (NYSE:STZ) by 17.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,043 shares of the company’s stock after buying an additional 157 shares during the period. Concurrent Investment Advisors LLC’s holdings in Constellation Brands were worth $268,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its stake in Constellation Brands by 3.5% during the fourth quarter. International Assets Investment Management LLC now owns 2,345 shares of the company’s stock worth $567,000 after purchasing an additional 79 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of Constellation Brands by 3.9% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,888 shares of the company’s stock worth $698,000 after buying an additional 108 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its position in shares of Constellation Brands by 70.4% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 3,631 shares of the company’s stock worth $878,000 after buying an additional 1,500 shares during the last quarter. Lincoln National Corp lifted its position in shares of Constellation Brands by 9.2% during the 4th quarter. Lincoln National Corp now owns 2,802 shares of the company’s stock worth $678,000 after buying an additional 237 shares during the last quarter. Finally, Apollon Wealth Management LLC lifted its position in shares of Constellation Brands by 68.5% during the 4th quarter. Apollon Wealth Management LLC now owns 3,150 shares of the company’s stock worth $762,000 after buying an additional 1,281 shares during the last quarter. 77.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

STZ has been the subject of several recent analyst reports. BMO Capital Markets restated an “outperform” rating and set a $315.00 price objective on shares of Constellation Brands in a research report on Friday, July 5th. Barclays boosted their price objective on shares of Constellation Brands from $287.00 to $295.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. JPMorgan Chase & Co. reduced their price objective on shares of Constellation Brands from $320.00 to $307.00 and set an “overweight” rating for the company in a research report on Tuesday. Royal Bank of Canada restated an “outperform” rating and set a $308.00 price objective on shares of Constellation Brands in a research report on Tuesday. Finally, Morgan Stanley reduced their price target on shares of Constellation Brands from $305.00 to $280.00 and set an “overweight” rating for the company in a research report on Monday, August 26th. Three investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $298.26.

Constellation Brands Stock Down 0.1 %

Shares of Constellation Brands stock opened at $246.61 on Thursday. The company has a market cap of $45.12 billion, a P/E ratio of 18.38, a PEG ratio of 1.59 and a beta of 1.75. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.53 and a current ratio of 1.19. Constellation Brands, Inc. has a one year low of $227.50 and a one year high of $274.87. The firm has a fifty day moving average of $246.66 and a two-hundred day moving average of $253.65.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Wednesday, July 3rd. The company reported $3.57 EPS for the quarter, topping analysts’ consensus estimates of $3.46 by $0.11. The company had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.67 billion. Constellation Brands had a net margin of 22.70% and a return on equity of 23.72%. Constellation Brands’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.91 EPS. On average, analysts forecast that Constellation Brands, Inc. will post 13.54 earnings per share for the current year.

Constellation Brands Announces Dividend

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

Insider Transactions at Constellation Brands

In related news, CFO Garth Hankinson sold 13,583 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $2,808,480. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Constellation Brands news, CFO Garth Hankinson sold 13,583 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 11,702 shares in the company, valued at approximately $2,808,480. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Daniel J. Mccarthy sold 1,854 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $252.43, for a total transaction of $468,005.22. Following the completion of the transaction, the director now owns 3,232 shares in the company, valued at $815,853.76. The disclosure for this sale can be found here. Insiders have sold a total of 16,414 shares of company stock valued at $3,982,922 in the last ninety days. 12.19% of the stock is currently owned by company insiders.

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.