Constellation Brands, Inc. (NYSE:STZ) Shares Sold by Montag A & Associates Inc.

Montag A & Associates Inc. reduced its position in Constellation Brands, Inc. (NYSE:STZ) by 8.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,746 shares of the company’s stock after selling 650 shares during the quarter. Montag A & Associates Inc.’s holdings in Constellation Brands were worth $1,631,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. BKM Wealth Management LLC acquired a new stake in Constellation Brands in the fourth quarter valued at about $28,000. Asset Dedication LLC grew its holdings in Constellation Brands by 3,833.3% during the third quarter. Asset Dedication LLC now owns 118 shares of the company’s stock worth $30,000 after acquiring an additional 115 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Constellation Brands during the 4th quarter worth $37,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Constellation Brands during the third quarter worth about $41,000. Finally, Exchange Traded Concepts LLC purchased a new position in Constellation Brands in the fourth quarter valued at about $45,000. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Constellation Brands Trading Up 0.9 %

Shares of STZ traded up $2.34 during mid-day trading on Thursday, reaching $260.70. The company had a trading volume of 443,515 shares, compared to its average volume of 1,207,452. The stock has a market cap of $47.70 billion, a price-to-earnings ratio of 27.79, a price-to-earnings-growth ratio of 1.73 and a beta of 1.75. The company has a current ratio of 1.19, a quick ratio of 0.53 and a debt-to-equity ratio of 1.06. The firm has a fifty day simple moving average of $261.48 and a 200-day simple moving average of $249.30. Constellation Brands, Inc. has a fifty-two week low of $223.01 and a fifty-two week high of $274.87.

Constellation Brands (NYSE:STZ) last posted 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 during 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 firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.98 earnings per share. On average, sell-side analysts anticipate that Constellation Brands, Inc. will post 13.51 EPS for the current fiscal year.

Constellation Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 3rd will be paid a dividend of $1.01 per share. This is an increase from Constellation Brands’s previous quarterly dividend of $0.89. This represents a $4.04 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Thursday, May 2nd. Constellation Brands’s payout ratio is currently 43.07%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group upped their price target on Constellation Brands from $292.00 to $314.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Royal Bank of Canada raised their price target on Constellation Brands from $295.00 to $308.00 and gave the company an “outperform” rating in a research report on Friday, April 12th. Barclays lifted their target price on shares of Constellation Brands from $294.00 to $295.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Wedbush reissued an “outperform” rating and set a $300.00 price objective on shares of Constellation Brands in a research note on Wednesday, April 10th. Finally, Argus raised Constellation Brands from a “hold” rating to a “buy” rating and set a $306.00 target price on the stock in a research note on Monday, April 15th. Three analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $298.55.

Insider Transactions at Constellation Brands

In related news, EVP James A. Jr. Sabia sold 15,781 shares of Constellation Brands stock in a transaction on Friday, April 12th. The shares were sold at an average price of $263.63, for a total transaction of $4,160,345.03. Following the transaction, the executive vice president now owns 20,910 shares in the company, valued at approximately $5,512,503.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP James A. Jr. Sabia sold 15,781 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $263.63, for a total transaction of $4,160,345.03. Following the transaction, the executive vice president now directly owns 20,910 shares of the company’s stock, valued at approximately $5,512,503.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael Mcgrew sold 3,237 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $255.50, for a total transaction of $827,053.50. Following the completion of the sale, the executive vice president now directly owns 1,731 shares of the company’s stock, valued at approximately $442,270.50. The disclosure for this sale can be found here. Insiders sold 23,031 shares of company stock valued at $6,043,821 over the last 90 days. Corporate insiders own 16.19% of the company’s stock.

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.