8,088 Shares in Constellation Brands, Inc. (NYSE:STZ) Acquired by Ables Iannone Moore & Associates Inc.

Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Constellation Brands, Inc. (NYSE:STZFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,088 shares of the company’s stock, valued at approximately $1,955,000. Constellation Brands accounts for 1.5% of Ables Iannone Moore & Associates Inc.’s portfolio, making the stock its 17th biggest holding.

Other large investors have also made changes to their positions in the company. BKM Wealth Management LLC acquired a new position in Constellation Brands during the 4th quarter valued at $28,000. Asset Dedication LLC raised its position in shares of Constellation Brands by 3,833.3% in the 3rd quarter. Asset Dedication LLC now owns 118 shares of the company’s stock valued at $30,000 after acquiring an additional 115 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Constellation Brands in the 4th quarter valued at approximately $37,000. Exchange Traded Concepts LLC acquired a new stake in shares of Constellation Brands in the 4th quarter valued at approximately $45,000. Finally, VisionPoint Advisory Group LLC acquired a new stake in shares of Constellation Brands in the 3rd quarter valued at approximately $58,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Stock Performance

Shares of NYSE:STZ traded up $8.84 during midday trading on Monday, reaching $262.34. 1,574,855 shares of the company’s stock traded hands, compared to its average volume of 1,195,338. The company has a market cap of $48.00 billion, a price-to-earnings ratio of 27.03, a P/E/G ratio of 1.73 and a beta of 0.89. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.53 and a current ratio of 1.19. Constellation Brands, Inc. has a one year low of $227.50 and a one year high of $274.87. The stock has a 50 day moving average of $255.35 and a 200 day moving average of $252.08.

Constellation Brands (NYSE:STZGet Free Report) last announced its quarterly earnings results on Thursday, April 11th. The company reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.16. The firm had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.09 billion. Constellation Brands had a return on equity of 23.06% and a net margin of 16.13%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.98 earnings per share. As a group, equities research analysts anticipate that Constellation Brands, Inc. will post 13.53 EPS for the current fiscal year.

Constellation Brands Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Friday, May 3rd were given a dividend of $1.01 per share. The ex-dividend date was Thursday, May 2nd. This represents a $4.04 annualized dividend and a dividend yield of 1.54%. This is a boost from Constellation Brands’s previous quarterly dividend of $0.89. Constellation Brands’s dividend payout ratio (DPR) is currently 43.07%.

Insider Buying and Selling at Constellation Brands

In other Constellation Brands news, CEO William A. Newlands sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $261.54, for a total transaction of $6,538,500.00. Following the completion of the transaction, the chief executive officer now owns 14,700 shares in the company, valued at approximately $3,844,638. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO William A. Newlands sold 4,013 shares of the firm’s stock in a transaction that occurred on Friday, April 19th. The stock was sold at an average price of $263.25, for a total value of $1,056,422.25. Following the completion of the sale, the chief executive officer now directly owns 5,395 shares of the company’s stock, valued at approximately $1,420,233.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William A. Newlands sold 25,000 shares of Constellation Brands stock in a transaction on Friday, May 10th. The shares were sold at an average price of $261.54, for a total value of $6,538,500.00. Following the completion of the transaction, the chief executive officer now owns 14,700 shares in the company, valued at $3,844,638. The disclosure for this sale can be found here. Insiders sold 48,031 shares of company stock worth $12,582,321 in the last quarter. 12.19% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on STZ. BMO Capital Markets lifted their price objective on shares of Constellation Brands from $290.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, April 12th. Bank of America raised their target price on shares of Constellation Brands from $290.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Roth Mkm reaffirmed a “buy” rating and set a $305.00 price objective on shares of Constellation Brands in a research report on Friday, April 12th. UBS Group lifted their price objective on shares of Constellation Brands from $312.00 to $320.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Finally, Evercore ISI lifted their price objective on shares of Constellation Brands from $300.00 to $310.00 and gave the stock an “outperform” rating in a research report on Friday, April 12th. Three equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $298.20.

Get Our Latest Research Report on STZ

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 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.

See Also

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

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