Mirabella Financial Services LLP Makes New Investment in Constellation Brands, Inc. (NYSE:STZ)

Mirabella Financial Services LLP bought a new position in Constellation Brands, Inc. (NYSE:STZ) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 4,872 shares of the company’s stock, valued at approximately $1,255,000.

Other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its holdings in shares of Constellation Brands by 23,184.7% in the 3rd quarter. International Assets Investment Management LLC now owns 499,689 shares of the company’s stock worth $128,765,000 after purchasing an additional 497,543 shares in the last quarter. Manning & Napier Advisors LLC purchased a new stake in Constellation Brands during the 2nd quarter valued at about $119,394,000. Boston Partners boosted its holdings in Constellation Brands by 50.9% during the 1st quarter. Boston Partners now owns 975,589 shares of the company’s stock valued at $265,099,000 after acquiring an additional 328,881 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Constellation Brands by 31.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,002,332 shares of the company’s stock valued at $257,865,000 after acquiring an additional 241,982 shares during the period. Finally, Coho Partners Ltd. boosted its holdings in Constellation Brands by 40.1% during the 3rd quarter. Coho Partners Ltd. now owns 283,079 shares of the company’s stock valued at $72,947,000 after acquiring an additional 80,970 shares during the period. 77.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

STZ has been the subject of several analyst reports. Morgan Stanley dropped their target price on Constellation Brands from $305.00 to $280.00 and set an “overweight” rating for the company in a report on Monday, August 26th. Evercore ISI dropped their price objective on Constellation Brands from $310.00 to $300.00 and set an “outperform” rating for the company in a report on Friday, October 4th. TD Cowen cut Constellation Brands from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $300.00 to $270.00 in a report on Tuesday, October 8th. BMO Capital Markets dropped their price objective on Constellation Brands from $315.00 to $305.00 and set an “outperform” rating for the company in a report on Tuesday, October 15th. Finally, BNP Paribas started coverage on Constellation Brands in a report on Monday. They issued a “neutral” rating and a $261.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $288.83.

Constellation Brands Stock Up 0.5 %

STZ stock opened at $240.76 on Monday. Constellation Brands, Inc. has a twelve month low of $224.76 and a twelve month high of $274.87. The company has a quick ratio of 0.53, a current ratio of 1.25 and a debt-to-equity ratio of 1.31. The firm has a market cap of $43.71 billion, a PE ratio of 77.92, a price-to-earnings-growth ratio of 1.69 and a beta of 1.75. The business has a 50 day moving average of $243.04 and a 200 day moving average of $247.41.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Thursday, October 3rd. The company reported $4.32 earnings per share for the quarter, beating analysts’ consensus estimates of $4.08 by $0.24. Constellation Brands had a return on equity of 25.34% and a net margin of 5.29%. The company had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.95 billion. During the same quarter last year, the company earned $3.70 EPS. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, research analysts forecast that Constellation Brands, Inc. will post 13.57 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Tuesday, November 5th were given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date was Tuesday, November 5th. Constellation Brands’s dividend payout ratio (DPR) is presently 130.74%.

Insider Activity at Constellation Brands

In related news, EVP Samuel J. Glaetzer sold 1,510 shares of Constellation Brands stock in a transaction on Monday, October 14th. The stock was sold at an average price of $245.57, for a total transaction of $370,810.70. Following the transaction, the executive vice president now directly owns 4,970 shares in the company, valued at approximately $1,220,482.90. The trade was a 23.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Wildstar Partners Llc sold 660 shares of Constellation Brands stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $241.00, for a total value of $159,060.00. Following the transaction, the insider now 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. Insiders sold a total of 189,956 shares of company stock valued at $46,058,091 in the last 90 days. Corporate insiders own 12.19% of the company’s stock.

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.