Clare Market Investments LLC Makes New $204,000 Investment in Constellation Brands, Inc. (NYSE:STZ)

Clare Market Investments LLC bought a new stake in Constellation Brands, Inc. (NYSE:STZ) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 924 shares of the company’s stock, valued at approximately $204,000.

A number of other institutional investors have also modified their holdings of STZ. Assetmark Inc. grew its position in Constellation Brands by 25.1% in the 3rd quarter. Assetmark Inc. now owns 22,609 shares of the company’s stock valued at $5,826,000 after buying an additional 4,531 shares during the last quarter. Legacy Capital Wealth Partners LLC lifted its stake in shares of Constellation Brands by 40.9% in the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 2,227 shares of the company’s stock worth $574,000 after acquiring an additional 646 shares during the period. Chartwell Investment Partners LLC boosted its holdings in shares of Constellation Brands by 7.1% in the third quarter. Chartwell Investment Partners LLC now owns 39,431 shares of the company’s stock valued at $10,161,000 after acquiring an additional 2,627 shares in the last quarter. Delta Financial Advisors LLC boosted its holdings in shares of Constellation Brands by 3.6% in the third quarter. Delta Financial Advisors LLC now owns 4,933 shares of the company’s stock valued at $1,271,000 after acquiring an additional 171 shares in the last quarter. Finally, Jupiter Wealth Management LLC increased its stake in shares of Constellation Brands by 51.5% during the third quarter. Jupiter Wealth Management LLC now owns 3,408 shares of the company’s stock worth $878,000 after acquiring an additional 1,158 shares during the period. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Trading Up 1.7 %

Shares of Constellation Brands stock opened at $189.34 on Tuesday. The business has a 50 day moving average price of $183.67 and a 200 day moving average price of $220.75. The company has a market capitalization of $34.22 billion, a P/E ratio of 50.90, a P/E/G ratio of 1.52 and a beta of 1.75. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. Constellation Brands, Inc. has a 1 year low of $160.46 and a 1 year high of $274.87.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). The company had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.53 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The business’s revenue was down .3% compared to the same quarter last year. During the same period last year, the firm earned $3.19 earnings per share. Sell-side analysts anticipate that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a $1.01 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a yield of 2.13%. Constellation Brands’s dividend payout ratio (DPR) is 108.60%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on STZ. Jefferies Financial Group restated a “hold” rating and issued a $201.00 price objective (down previously from $310.00) on shares of Constellation Brands in a research report on Monday, January 13th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $203.00 price target (down from $262.00) on shares of Constellation Brands in a report on Monday, January 13th. Evercore ISI dropped their price objective on Constellation Brands from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Barclays reduced their target price on Constellation Brands from $282.00 to $214.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Finally, Needham & Company LLC restated a “buy” rating and set a $240.00 target price on shares of Constellation Brands in a research report on Monday, January 27th. Eleven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $253.24.

Insiders Place Their Bets

In other news, Director William T. Giles acquired 1,000 shares of Constellation Brands stock in a transaction that occurred on Friday, January 17th. The shares were acquired at an average price of $186.39 per share, with a total value of $186,390.00. Following the completion of the purchase, the director now owns 1,463 shares of the company’s stock, valued at approximately $272,688.57. This represents a 215.98 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 12.19% of the stock is owned by corporate insiders.

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.