Sherbrooke Park Advisers LLC Invests $972,000 in Constellation Brands, Inc. (NYSE:STZ)

Sherbrooke Park Advisers LLC purchased a new stake in Constellation Brands, Inc. (NYSE:STZ) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,399 shares of the company’s stock, valued at approximately $972,000.

Several other large investors have also added to or reduced their stakes in the business. Silvercrest Asset Management Group LLC lifted its position in Constellation Brands by 1.5% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 7,431 shares of the company’s stock valued at $1,642,000 after acquiring an additional 111 shares in the last quarter. Rafferty Asset Management LLC lifted its position in Constellation Brands by 12.0% in the 4th quarter. Rafferty Asset Management LLC now owns 13,545 shares of the company’s stock valued at $2,993,000 after acquiring an additional 1,451 shares in the last quarter. Raiffeisen Bank International AG bought a new position in Constellation Brands in the 4th quarter valued at about $2,657,000. Point72 Hong Kong Ltd bought a new position in Constellation Brands in the 4th quarter valued at about $6,232,000. Finally, ProShare Advisors LLC lifted its position in Constellation Brands by 10.3% in the 4th quarter. ProShare Advisors LLC now owns 23,604 shares of the company’s stock valued at $5,216,000 after acquiring an additional 2,199 shares in the last quarter. Institutional investors own 77.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Citigroup dropped their target price on shares of Constellation Brands from $200.00 to $190.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. UBS Group dropped their target price on shares of Constellation Brands from $265.00 to $223.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Morgan Stanley dropped their target price on shares of Constellation Brands from $202.00 to $195.00 and set an “equal weight” rating on the stock in a research report on Friday, April 11th. Wells Fargo & Company dropped their target price on shares of Constellation Brands from $230.00 to $210.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 2nd. Finally, BMO Capital Markets dropped their target price on shares of Constellation Brands from $260.00 to $215.00 and set an “outperform” rating on the stock in a research report on Friday, April 11th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Constellation Brands presently has a consensus rating of “Moderate Buy” and a consensus price target of $225.74.

Constellation Brands Stock Up 2.0%

Constellation Brands stock opened at $190.50 on Friday. Constellation Brands, Inc. has a 1-year low of $160.46 and a 1-year high of $265.70. The firm has a market capitalization of $33.91 billion, a price-to-earnings ratio of 51.21, a P/E/G ratio of 1.52 and a beta of 1.75. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. The firm has a 50 day simple moving average of $183.90 and a 200 day simple moving average of $199.73.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Wednesday, April 9th. The company reported $2.63 earnings per share for the quarter, beating analysts’ consensus estimates of $2.28 by $0.35. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.14 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. Constellation Brands’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.26 EPS. On average, analysts predict that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Tuesday, April 29th were given a dividend of $1.02 per share. This is a positive change from Constellation Brands’s previous quarterly dividend of $1.01. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date was Tuesday, April 29th. Constellation Brands’s payout ratio is -800.00%.

Insider Activity

In other news, EVP Samuel J. Glaetzer sold 3,150 shares of the business’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $188.54, for a total transaction of $593,901.00. Following the completion of the transaction, the executive vice president now directly owns 3,126 shares in the company, valued at $589,376.04. The trade was a 50.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 12.19% of the company’s stock.

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.