Ables Iannone Moore & Associates Inc. Has $1.93 Million Holdings in Constellation Brands, Inc. (NYSE:STZ)

Ables Iannone Moore & Associates Inc. raised its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 9.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,726 shares of the company’s stock after acquiring an additional 718 shares during the quarter. Constellation Brands comprises 1.2% of Ables Iannone Moore & Associates Inc.’s investment portfolio, making the stock its 18th biggest holding. Ables Iannone Moore & Associates Inc.’s holdings in Constellation Brands were worth $1,929,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of STZ. Versant Capital Management Inc boosted its position in shares of Constellation Brands by 887.5% during the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock valued at $35,000 after purchasing an additional 142 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Constellation Brands during the 2nd quarter worth approximately $36,000. Wellington Shields & Co. LLC increased its stake in shares of Constellation Brands by 50.0% in the 2nd quarter. Wellington Shields & Co. LLC now owns 150 shares of the company’s stock valued at $39,000 after acquiring an additional 50 shares in the last quarter. Eastern Bank bought a new stake in shares of Constellation Brands in the 3rd quarter valued at $39,000. Finally, FSA Wealth Management LLC acquired a new position in shares of Constellation Brands during the 3rd quarter valued at $42,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on STZ shares. Barclays decreased their price target on shares of Constellation Brands from $309.00 to $300.00 and set an “overweight” rating for the company in a research note on Monday, October 7th. Evercore ISI dropped their price target on Constellation Brands from $310.00 to $300.00 and set an “outperform” rating on the stock in a research note on Friday, October 4th. Royal Bank of Canada reissued an “outperform” rating and issued a $308.00 price objective on shares of Constellation Brands in a research note on Tuesday, November 19th. BNP Paribas assumed coverage on Constellation Brands in a report on Monday, November 25th. They issued a “neutral” rating and a $261.00 target price on the stock. Finally, Bank of America reiterated a “neutral” rating and set a $255.00 price objective (down from $300.00) on shares of Constellation Brands in a report on Monday, October 7th. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $288.70.

Insider Buying and Selling

In related news, CEO William A. Newlands sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $243.58, for a total value of $6,089,500.00. Following the completion of the sale, the chief executive officer now owns 7,274 shares in the company, valued at $1,771,800.92. The trade was a 77.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Wildstar Partners Llc sold 660 shares of Constellation Brands stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total transaction of $159,060.00. Following the transaction, the insider now directly owns 1,736,884 shares in the company, valued at $418,589,044. This trade represents a 0.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 189,956 shares of company stock valued at $46,058,091. Corporate insiders own 12.19% of the company’s stock.

Constellation Brands Stock Performance

NYSE STZ traded up $1.26 during trading on Monday, hitting $223.18. 1,880,080 shares of the company’s stock traded hands, compared to its average volume of 1,455,801. The business has a 50 day moving average of $234.13 and a 200-day moving average of $243.06. Constellation Brands, Inc. has a 12-month low of $217.52 and a 12-month high of $274.87. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.53 and a current ratio of 1.25. The stock has a market capitalization of $40.52 billion, a price-to-earnings ratio of 72.23, a PEG ratio of 1.69 and a beta of 1.75.

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

About Constellation Brands

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.