Souders Financial Advisors Buys Shares of 11,919 Constellation Brands, Inc. (NYSE:STZ)

Souders Financial Advisors bought a new stake in Constellation Brands, Inc. (NYSE:STZ) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 11,919 shares of the company’s stock, valued at approximately $3,067,000.

Other large investors have also recently bought and sold shares of the company. Capital International Investors raised its position in shares of Constellation Brands by 39.4% during the first quarter. Capital International Investors now owns 11,685,249 shares of the company’s stock worth $3,175,583,000 after acquiring an additional 3,304,709 shares during the last quarter. Capital World Investors raised its position in shares of Constellation Brands by 8.7% during the first quarter. Capital World Investors now owns 9,040,669 shares of the company’s stock worth $2,456,892,000 after acquiring an additional 723,549 shares during the last quarter. Manning & Napier Advisors LLC bought a new position in shares of Constellation Brands during the second quarter worth about $119,394,000. Vanguard Group Inc. raised its position in shares of 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 acquiring an additional 462,891 shares during the last quarter. Finally, Palestra Capital Management LLC bought a new position in shares of Constellation Brands during the fourth quarter worth about $83,195,000. 77.34% of the stock is currently owned by institutional investors.

Insider Activity at Constellation Brands

In other news, EVP Kaneenat Kristann Carey sold 977 shares of the stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $261.00, for a total value of $254,997.00. Following the completion of the transaction, the executive vice president now owns 2,706 shares of the company’s stock, valued at approximately $706,266. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Constellation Brands news, EVP Kaneenat Kristann Carey sold 977 shares of the stock in a transaction on Friday, July 12th. The stock was sold at an average price of $261.00, for a total transaction of $254,997.00. Following the sale, the executive vice president now directly owns 2,706 shares in the company, valued at approximately $706,266. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Garth Hankinson sold 13,583 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $240.00, for a total value of $3,259,920.00. Following the completion of the transaction, the chief financial officer now owns 11,702 shares in the company, valued at $2,808,480. The disclosure for this sale can be found here. Insiders sold 16,414 shares of company stock worth $3,982,922 in the last ninety days. 12.19% of the stock is owned by company insiders.

Constellation Brands Stock Performance

NYSE:STZ opened at $257.58 on Tuesday. 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 52-week low of $227.50 and a 52-week high of $274.87. The firm has a market cap of $47.13 billion, a price-to-earnings ratio of 19.19, a PEG ratio of 1.74 and a beta of 1.75. The business’s fifty day moving average is $246.37 and its 200 day moving average is $253.76.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Wednesday, July 3rd. The company reported $3.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.46 by $0.11. Constellation Brands had a return on equity of 23.72% and a net margin of 22.70%. The firm had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.67 billion. During the same period in the prior year, the business earned $2.91 EPS. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. Research analysts predict that Constellation Brands, Inc. will post 13.53 EPS for the current year.

Analyst Ratings Changes

STZ has been the subject of a number of research analyst reports. Morgan Stanley lowered their target price on Constellation Brands from $305.00 to $280.00 and set an “overweight” rating for the company in a report on Monday, August 26th. Roth Mkm reduced their price objective on Constellation Brands from $303.00 to $298.00 and set a “buy” rating for the company in a research note on Wednesday, September 4th. Barclays lifted their target price on Constellation Brands from $295.00 to $309.00 and gave the company an “overweight” rating in a research report on Tuesday, September 24th. BMO Capital Markets reaffirmed an “outperform” rating and set a $315.00 target price on shares of Constellation Brands in a research report on Friday, July 5th. Finally, JPMorgan Chase & Co. cut their target price on Constellation Brands from $320.00 to $307.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 3rd. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $297.12.

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.