Constellation Brands, Inc. (NYSE:STZ) Position Increased by Toth Financial Advisory Corp

Toth Financial Advisory Corp lifted its position in Constellation Brands, Inc. (NYSE:STZ) by 8.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,446 shares of the company’s stock after acquiring an additional 1,336 shares during the period. Toth Financial Advisory Corp’s holdings in Constellation Brands were worth $4,741,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. BKM Wealth Management LLC purchased a new stake in Constellation Brands in the 4th quarter worth about $28,000. First Financial Corp IN purchased a new stake in shares of Constellation Brands in the first quarter worth approximately $35,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Constellation Brands during the fourth quarter worth approximately $35,000. Turtle Creek Wealth Advisors LLC purchased a new position in Constellation Brands during the fourth quarter valued at approximately $37,000. Finally, Northwest Investment Counselors LLC acquired a new position in Constellation Brands in the 1st quarter valued at approximately $46,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Insider Transactions at Constellation Brands

In other Constellation Brands news, EVP Michael Mcgrew sold 3,237 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $255.50, for a total value of $827,053.50. Following the sale, the executive vice president now owns 1,731 shares of the company’s stock, valued at approximately $442,270.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Michael Mcgrew sold 3,237 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $255.50, for a total value of $827,053.50. Following the completion of the transaction, the executive vice president now directly owns 1,731 shares of the company’s stock, valued at approximately $442,270.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO William A. Newlands sold 4,013 shares of the business’s stock in a transaction on Friday, April 19th. The shares were 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 in the company, valued at approximately $1,420,233.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 48,031 shares of company stock valued at $12,582,321. 12.19% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on STZ shares. Argus raised shares of Constellation Brands from a “hold” rating to a “buy” rating and set a $306.00 target price for the company in a research note on Monday, April 15th. Bank of America boosted their target price on Constellation Brands from $290.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Jefferies Financial Group raised their price target on Constellation Brands from $292.00 to $314.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Wedbush reissued an “outperform” rating and issued a $300.00 price target on shares of Constellation Brands in a research note on Wednesday, April 10th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Constellation Brands from $296.00 to $291.00 and set an “overweight” rating on the stock in a research report on Thursday, June 20th. Three equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, Constellation Brands currently has an average rating of “Moderate Buy” and a consensus target price of $298.37.

Constellation Brands Stock Performance

Shares of Constellation Brands stock traded up $1.37 during midday trading on Friday, hitting $257.28. The company had a trading volume of 1,518,776 shares, compared to its average volume of 1,102,593. Constellation Brands, Inc. has a 1-year low of $227.50 and a 1-year high of $274.87. The business’s 50 day simple moving average is $255.34 and its two-hundred day simple moving average is $253.55. The stock has a market cap of $47.08 billion, a PE ratio of 27.43, a P/E/G ratio of 1.70 and a beta of 1.75. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.19 and a quick ratio of 0.53.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Thursday, April 11th. The company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.16. Constellation Brands had a net margin of 16.13% and a return on equity of 23.06%. The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the previous year, the firm posted $1.98 EPS. The business’s revenue was up 7.1% compared to the same quarter last year. As a group, equities analysts predict that Constellation Brands, Inc. will post 13.67 EPS for the current fiscal year.

Constellation Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Friday, May 3rd were given a $1.01 dividend. The ex-dividend date of this dividend was Thursday, May 2nd. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.57%. This is an increase from Constellation Brands’s previous quarterly dividend of $0.89. Constellation Brands’s dividend payout ratio (DPR) is currently 43.07%.

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.