Sheaff Brock Investment Advisors LLC Sells 99 Shares of Constellation Brands, Inc. (NYSE:STZ)

Sheaff Brock Investment Advisors LLC decreased its stake in Constellation Brands, Inc. (NYSE:STZ) by 7.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,275 shares of the company’s stock after selling 99 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Constellation Brands were worth $346,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Perigon Wealth Management LLC grew its stake in shares of Constellation Brands by 46.0% in the fourth quarter. Perigon Wealth Management LLC now owns 6,012 shares of the company’s stock worth $1,453,000 after acquiring an additional 1,893 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of Constellation Brands by 3.2% in the 4th quarter. Stifel Financial Corp now owns 192,585 shares of the company’s stock valued at $46,570,000 after purchasing an additional 5,951 shares in the last quarter. Ascent Wealth Partners LLC acquired a new stake in shares of Constellation Brands in the 4th quarter valued at $962,000. KBC Group NV boosted its stake in shares of Constellation Brands by 100.4% in the 4th quarter. KBC Group NV now owns 250,945 shares of the company’s stock valued at $60,666,000 after purchasing an additional 125,730 shares in the last quarter. Finally, Mutual of America Capital Management LLC boosted its stake in shares of Constellation Brands by 1.2% in the 4th quarter. Mutual of America Capital Management LLC now owns 37,217 shares of the company’s stock valued at $8,997,000 after purchasing an additional 453 shares in the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Trading Up 1.6 %

NYSE:STZ traded up $4.10 on Friday, hitting $253.48. 846,431 shares of the stock were exchanged, compared to its average volume of 1,287,151. The stock has a market capitalization of $46.38 billion, a price-to-earnings ratio of 18.89, a P/E/G ratio of 1.64 and a beta of 1.75. Constellation Brands, Inc. has a 52 week low of $227.50 and a 52 week high of $274.87. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.53 and a current ratio of 1.19. The company’s 50-day moving average price is $252.86 and its 200 day moving average price is $255.08.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Wednesday, July 3rd. The company reported $3.57 earnings per share for the quarter, topping the consensus estimate of $3.46 by $0.11. The firm had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Constellation Brands had a return on equity of 23.72% and a net margin of 22.70%. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.91 EPS. On average, equities research analysts forecast that Constellation Brands, Inc. will post 13.57 earnings per share for the current year.

Constellation Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Wednesday, August 14th will be paid a $1.01 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.59%. Constellation Brands’s dividend payout ratio (DPR) is presently 30.10%.

Insider Activity

In other news, EVP Kaneenat Kristann Carey sold 977 shares of the company’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $261.00, for a total value of $254,997.00. Following the completion of the sale, the executive vice president now directly owns 2,706 shares of the company’s stock, valued at approximately $706,266. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO William A. Newlands sold 25,000 shares of the business’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 value of $6,538,500.00. Following the completion of the transaction, the chief executive officer now directly owns 14,700 shares in the company, valued at approximately $3,844,638. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kaneenat Kristann Carey sold 977 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $261.00, for a total value of $254,997.00. Following the completion of the transaction, the executive vice president now owns 2,706 shares of the company’s stock, valued at $706,266. The disclosure for this sale can be found here. Insiders sold a total of 29,214 shares of company stock valued at $7,620,551 in the last ninety days. 12.19% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on STZ shares. Evercore ISI boosted their target price on shares of Constellation Brands from $300.00 to $310.00 and gave the company an “outperform” rating in a research note on Friday, April 12th. Wedbush restated an “outperform” rating and issued a $300.00 target price on shares of Constellation Brands in a research note on Wednesday, April 10th. JPMorgan Chase & Co. boosted their target price on shares of Constellation Brands from $291.00 to $320.00 and gave the company an “overweight” rating in a research note on Friday, July 5th. Barclays boosted their target price on shares of Constellation Brands from $287.00 to $295.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Constellation Brands from $256.00 to $262.00 and gave the company a “hold” rating in a report on Wednesday, April 10th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $300.28.

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.