International Assets Investment Management LLC Buys 497,543 Shares of Constellation Brands, Inc. (NYSE:STZ)

International Assets Investment Management LLC raised its stake in Constellation Brands, Inc. (NYSE:STZ) by 23,184.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 499,689 shares of the company’s stock after purchasing an additional 497,543 shares during the period. International Assets Investment Management LLC owned 0.27% of Constellation Brands worth $128,765,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Brookstone Capital Management raised its stake in shares of Constellation Brands by 2.3% during the 1st quarter. Brookstone Capital Management now owns 14,026 shares of the company’s stock worth $3,812,000 after acquiring an additional 312 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in shares of Constellation Brands by 5.7% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 3,838 shares of the company’s stock valued at $1,043,000 after purchasing an additional 207 shares during the last quarter. Courier Capital LLC purchased a new stake in shares of Constellation Brands during the 1st quarter valued at $227,000. Register Financial Advisors LLC acquired a new stake in shares of Constellation Brands in the 1st quarter worth $115,000. Finally, Independence Bank of Kentucky grew its stake in Constellation Brands by 31.9% during the 1st quarter. Independence Bank of Kentucky now owns 1,934 shares of the company’s stock worth $526,000 after buying an additional 468 shares during the last quarter. 77.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

STZ has been the subject of a number of research analyst reports. UBS Group decreased their price target on Constellation Brands from $320.00 to $295.00 and set a “buy” rating for the company in a research note on Monday, September 9th. BMO Capital Markets decreased their price objective on shares of Constellation Brands from $315.00 to $305.00 and set an “outperform” rating for the company in a research report on Tuesday, October 15th. Royal Bank of Canada reissued an “outperform” rating and set a $308.00 target price on shares of Constellation Brands in a research report on Friday, October 4th. Evercore ISI decreased their price target on shares of Constellation Brands from $310.00 to $300.00 and set an “outperform” rating for the company in a report on Friday, October 4th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Constellation Brands from $307.00 to $293.00 and set an “overweight” rating on the stock in a report on Friday, October 4th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Constellation Brands has an average rating of “Moderate Buy” and a consensus price target of $290.47.

Insider Activity at Constellation Brands

In other news, CFO Garth Hankinson sold 13,583 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 11,702 shares in the company, valued at $2,808,480. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Robert Sands sold 119,274 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $242.37, for a total value of $28,908,439.38. Following the completion of the sale, the director now directly owns 431,729 shares in the company, valued at $104,638,157.73. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Garth Hankinson sold 13,583 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $240.00, for a total value of $3,259,920.00. Following the completion of the sale, the chief financial officer now owns 11,702 shares of the company’s stock, valued at $2,808,480. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 134,367 shares of company stock worth $32,539,170. 12.19% of the stock is owned by corporate insiders.

Constellation Brands Stock Down 0.6 %

Shares of STZ stock opened at $239.38 on Friday. The stock has a 50 day moving average of $246.46 and a 200 day moving average of $250.87. The company has a current ratio of 1.25, a quick ratio of 0.53 and a debt-to-equity ratio of 1.31. The stock has a market cap of $43.80 billion, a P/E ratio of 17.84, a P/E/G ratio of 1.70 and a beta of 1.75. Constellation Brands, Inc. has a twelve month low of $227.64 and a twelve month high of $274.87.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Thursday, October 3rd. The company reported $4.32 earnings per share for the quarter, beating the consensus estimate of $4.08 by $0.24. The company had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.95 billion. Constellation Brands had a return on equity of 25.34% and a net margin of 5.29%. Constellation Brands’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the business earned $3.70 earnings per share. As a group, sell-side analysts expect that Constellation Brands, Inc. will post 13.57 EPS for the current year.

Constellation Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Tuesday, November 5th will be given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 1.69%. The ex-dividend date is Tuesday, November 5th. Constellation Brands’s dividend payout ratio is currently 30.10%.

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.