Constellation Brands Inc $STZ Shares Acquired by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC grew its position in Constellation Brands Inc (NYSE:STZ) by 6.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,993 shares of the company’s stock after acquiring an additional 112 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Constellation Brands were worth $324,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Constellation Brands by 18.6% in the first quarter. Vanguard Group Inc. now owns 18,417,604 shares of the company’s stock valued at $3,379,999,000 after acquiring an additional 2,882,817 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Constellation Brands by 127.9% in the first quarter. Wellington Management Group LLP now owns 4,480,788 shares of the company’s stock valued at $822,314,000 after acquiring an additional 2,514,517 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Constellation Brands by 7.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,922,122 shares of the company’s stock valued at $352,748,000 after acquiring an additional 139,158 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Constellation Brands by 4.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,693,827 shares of the company’s stock valued at $310,851,000 after acquiring an additional 76,186 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Constellation Brands by 1.2% in the first quarter. Northern Trust Corp now owns 1,534,357 shares of the company’s stock valued at $281,585,000 after acquiring an additional 17,832 shares during the period. 77.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Constellation Brands

In other news, EVP James O. Bourdeau sold 821 shares of the firm’s stock in a transaction on Monday, July 21st. The stock was sold at an average price of $169.00, for a total value of $138,749.00. Following the completion of the transaction, the executive vice president owned 9,438 shares in the company, valued at $1,595,022. This trade represents a 8.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 12.45% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on STZ. BNP Paribas Exane downgraded Constellation Brands from a “neutral” rating to an “underperform” rating and set a $123.00 price target for the company. in a report on Wednesday, September 3rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Constellation Brands in a report on Wednesday. Needham & Company LLC reaffirmed a “buy” rating and set a $180.00 price target on shares of Constellation Brands in a report on Wednesday. Deutsche Bank Aktiengesellschaft decreased their price target on Constellation Brands from $182.00 to $158.00 and set a “hold” rating for the company in a report on Wednesday, September 3rd. Finally, Zacks Research downgraded Constellation Brands from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 9th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $186.44.

Constellation Brands Price Performance

Constellation Brands stock opened at $143.20 on Friday. Constellation Brands Inc has a one year low of $131.20 and a one year high of $247.63. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.68 and a current ratio of 1.08. The business has a fifty day moving average of $151.28 and a two-hundred day moving average of $168.44. The company has a market cap of $25.24 billion, a P/E ratio of 20.91, a price-to-earnings-growth ratio of 0.43 and a beta of 0.66.

Constellation Brands (NYSE:STZ) last released its earnings results on Monday, October 6th. The company reported $3.63 EPS for the quarter, beating analysts’ consensus estimates of $3.37 by $0.26. Constellation Brands had a return on equity of 29.82% and a net margin of 11.88%.The company had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.68 billion. During the same quarter last year, the company earned $4.32 earnings per share. Constellation Brands’s quarterly revenue was down 15.0% compared to the same quarter last year. As a group, analysts predict that Constellation Brands Inc will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 13th. Stockholders of record on Thursday, October 30th will be given a $1.02 dividend. The ex-dividend date is Thursday, October 30th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.8%. Constellation Brands’s dividend payout ratio (DPR) 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.