Aptus Capital Advisors LLC Invests $222,000 in Constellation Brands, Inc. (NYSE:STZ)

Aptus Capital Advisors LLC acquired a new position in shares of Constellation Brands, Inc. (NYSE:STZFree Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 883 shares of the company’s stock, valued at approximately $222,000.

Other large investors also recently modified their holdings of the company. Indiana Trust & Investment Management CO acquired a new stake in shares of Constellation Brands during the third quarter worth $25,000. Impact Partnership Wealth LLC boosted its stake in Constellation Brands by 1,175.0% during the third quarter. Impact Partnership Wealth LLC now owns 102 shares of the company’s stock worth $26,000 after acquiring an additional 94 shares in the last quarter. Resurgent Financial Advisors LLC bought a new position in Constellation Brands during the fourth quarter worth $34,000. First Financial Corp IN bought a new position in Constellation Brands during the third quarter worth $40,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in Constellation Brands during the third quarter worth $41,000. 88.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

STZ has been the topic of several research analyst reports. Argus lowered shares of Constellation Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Jefferies Financial Group started coverage on shares of Constellation Brands in a research note on Monday, November 13th. They issued a “buy” rating and a $292.00 price objective on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $295.00 price objective on shares of Constellation Brands in a research note on Friday. JPMorgan Chase & Co. dropped their price objective on shares of Constellation Brands from $309.00 to $301.00 and set an “overweight” rating on the stock in a research note on Thursday, December 21st. Finally, TheStreet lowered shares of Constellation Brands from a “b” rating to a “c+” rating in a research note on Friday, January 5th. Four investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $289.24.

Read Our Latest Analysis on Constellation Brands

Insider Transactions at Constellation Brands

In other news, major shareholder Family Foundation Sands sold 354,616 shares of Constellation Brands stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $250.26, for a total value of $88,746,200.16. Following the completion of the transaction, the insider now owns 54,461 shares in the company, valued at $13,629,409.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 16.19% of the company’s stock.

Constellation Brands Stock Performance

NYSE STZ opened at $242.55 on Monday. Constellation Brands, Inc. has a 52-week low of $210.15 and a 52-week high of $273.65. The company has a 50-day simple moving average of $245.07 and a 200 day simple moving average of $248.29. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.46 and a current ratio of 1.05. The company has a market capitalization of $44.34 billion, a PE ratio of 28.70, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96.

Constellation Brands (NYSE:STZGet Free Report) last posted its earnings results on Friday, January 5th. The company reported $3.19 earnings per share for the quarter, topping the consensus estimate of $3.03 by $0.16. The firm had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.54 billion. Constellation Brands had a net margin of 14.76% and a return on equity of 23.35%. The company’s revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the company earned $2.83 earnings per share. On average, research analysts predict that Constellation Brands, Inc. will post 11.88 EPS for the current year.

Constellation Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th will be paid a $0.89 dividend. The ex-dividend date is Wednesday, February 7th. This represents a $3.56 annualized dividend and a dividend yield of 1.47%. Constellation Brands’s payout ratio is 42.13%.

Constellation Brands Profile

(Free Report)

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 Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Victoria, Vicky Chamoy, and Pacifico brands.

See Also

Institutional Ownership by Quarter for Constellation Brands (NYSE:STZ)

Receive News & Ratings for Constellation Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Constellation Brands and related companies with MarketBeat.com's FREE daily email newsletter.