Ausdal Financial Partners Inc. Buys 401 Shares of Constellation Brands, Inc. (NYSE:STZ)

Ausdal Financial Partners Inc. increased its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 33.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,601 shares of the company’s stock after purchasing an additional 401 shares during the quarter. Ausdal Financial Partners Inc.’s holdings in Constellation Brands were worth $354,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Thrivent Financial for Lutherans increased its stake in shares of Constellation Brands by 13.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 7,341 shares of the company’s stock valued at $1,892,000 after buying an additional 845 shares during the period. Glenmede Trust Co. NA boosted its holdings in Constellation Brands by 16.5% in the third quarter. Glenmede Trust Co. NA now owns 3,908 shares of the company’s stock valued at $1,007,000 after acquiring an additional 554 shares during the last quarter. CreativeOne Wealth LLC acquired a new stake in Constellation Brands in the third quarter worth about $565,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Constellation Brands by 12.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 80,025 shares of the company’s stock worth $20,622,000 after purchasing an additional 9,154 shares during the last quarter. Finally, Fiduciary Trust Co lifted its position in Constellation Brands by 2.4% during the 3rd quarter. Fiduciary Trust Co now owns 5,231 shares of the company’s stock valued at $1,348,000 after purchasing an additional 123 shares during the period. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Trading Down 0.3 %

Shares of NYSE:STZ opened at $183.69 on Friday. The firm has a market cap of $33.20 billion, a price-to-earnings ratio of 49.38, a PEG ratio of 1.52 and a beta of 1.75. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. Constellation Brands, Inc. has a 12 month low of $160.46 and a 12 month high of $274.87. The company’s fifty day simple moving average is $177.19 and its 200 day simple moving average is $214.99.

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

Constellation Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date was Friday, February 7th. Constellation Brands’s dividend payout ratio (DPR) is currently 108.60%.

Insider Transactions at Constellation Brands

In other Constellation Brands news, Director William T. Giles bought 1,000 shares of Constellation Brands stock in a transaction that occurred on Friday, January 17th. The stock was acquired at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the completion of the acquisition, the director now owns 1,463 shares of the company’s stock, valued at $272,688.57. This trade represents a 215.98 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 12.19% of the company’s stock.

Analyst Upgrades and Downgrades

STZ has been the subject of several analyst reports. Jefferies Financial Group reiterated a “hold” rating and set a $201.00 price target (down previously from $310.00) on shares of Constellation Brands in a research report on Monday, January 13th. Morgan Stanley lowered shares of Constellation Brands from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $220.00 to $202.00 in a report on Thursday, February 27th. Evercore ISI cut their price target on Constellation Brands from $300.00 to $250.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $203.00 price objective (down from $262.00) on shares of Constellation Brands in a research note on Monday, January 13th. Finally, Wells Fargo & Company cut their target price on Constellation Brands from $295.00 to $275.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Constellation Brands currently has an average rating of “Hold” and a consensus price target of $249.18.

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.