Aries Wealth Management Sells 770 Shares of Constellation Brands Inc $STZ

Aries Wealth Management lowered its stake in Constellation Brands Inc (NYSE:STZ) by 27.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,049 shares of the company’s stock after selling 770 shares during the quarter. Aries Wealth Management’s holdings in Constellation Brands were worth $333,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of STZ. Rakuten Securities Inc. lifted its position in shares of Constellation Brands by 805.0% in the first quarter. Rakuten Securities Inc. now owns 181 shares of the company’s stock worth $33,000 after purchasing an additional 161 shares in the last quarter. Zions Bancorporation National Association UT bought a new stake in shares of Constellation Brands in the first quarter worth $38,000. Flaharty Asset Management LLC bought a new stake in shares of Constellation Brands in the first quarter worth $39,000. Hoey Investments Inc. bought a new stake in shares of Constellation Brands in the second quarter worth $40,000. Finally, WPG Advisers LLC bought a new stake in shares of Constellation Brands in the first quarter worth $43,000. Institutional investors own 77.34% of the company’s stock.

Insider Activity at Constellation Brands

In other Constellation Brands news, EVP James O. Bourdeau sold 821 shares of the company’s stock in a transaction on Monday, July 21st. The shares were sold at an average price of $169.00, for a total value of $138,749.00. Following the transaction, the executive vice president directly owned 9,438 shares in the company, valued at $1,595,022. The trade was a 8.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 12.45% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

STZ has been the topic of a number of research reports. TD Cowen cut their price objective on shares of Constellation Brands from $180.00 to $152.00 and set a “hold” rating on the stock in a research report on Thursday, September 4th. Cowen reissued a “hold” rating on shares of Constellation Brands in a research report on Monday, July 7th. Jefferies Financial Group cut their price objective on shares of Constellation Brands from $205.00 to $179.00 and set a “buy” rating on the stock in a research report on Wednesday, September 3rd. JPMorgan Chase & Co. cut their price objective on shares of Constellation Brands from $173.00 to $153.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. Finally, Barclays lowered their target price on shares of Constellation Brands from $150.00 to $147.00 and set an “equal weight” rating on the stock in a report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $186.44.

Constellation Brands Price Performance

Shares of STZ opened at $141.44 on Wednesday. The company has a market cap of $24.93 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 0.42 and a beta of 1.75. Constellation Brands Inc has a 1-year low of $131.20 and a 1-year high of $247.63. The company’s fifty day simple moving average is $149.62 and its 200 day simple moving average is $167.48. The company has a current ratio of 1.08, a quick ratio of 0.54 and a debt-to-equity ratio of 1.26.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Thursday, February 23rd. The company reported $3.12 EPS for the quarter. Constellation Brands had a net margin of 11.88% and a return on equity of 29.82%. The firm had revenue of $2.32 billion for the quarter. On average, research analysts forecast that Constellation Brands Inc will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 13th. Shareholders of record on Thursday, October 30th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Thursday, October 30th. Constellation Brands’s payout ratio is currently 59.56%.

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.