Neumann Capital Management LLC lifted its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 6.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,132 shares of the company’s stock after purchasing an additional 325 shares during the period. Neumann Capital Management LLC’s holdings in Constellation Brands were worth $974,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in STZ. Lenox Wealth Management Inc. purchased a new position in shares of Constellation Brands in the third quarter worth $25,000. NuWave Investment Management LLC increased its position in shares of Constellation Brands by 100.9% during the 3rd quarter. NuWave Investment Management LLC now owns 221 shares of the company’s stock worth $45,000 after purchasing an additional 111 shares during the last quarter. Doyle Wealth Management acquired a new stake in shares of Constellation Brands during the 2nd quarter worth about $51,000. Horan Capital Advisors LLC. acquired a new stake in shares of Constellation Brands during the 3rd quarter worth about $52,000. Finally, Quest Capital Management Inc. ADV acquired a new stake in shares of Constellation Brands during the 3rd quarter worth about $60,000. 71.94% of the stock is owned by institutional investors and hedge funds.

In other news, CFO David Eric Klein sold 36,488 shares of the business’s stock in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of $195.48, for a total value of $7,132,674.24. Following the transaction, the chief financial officer now owns 45,380 shares of the company’s stock, valued at $8,870,882.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Robert Lee Hanson sold 4,056 shares of the business’s stock in a transaction that occurred on Thursday, January 9th. The shares were sold at an average price of $195.00, for a total value of $790,920.00. Following the completion of the transaction, the executive vice president now directly owns 8,591 shares in the company, valued at approximately $1,675,245. The disclosure for this sale can be found here. Insiders own 15.86% of the company’s stock.

A number of analysts recently issued reports on the company. Royal Bank of Canada reissued a “buy” rating and set a $250.00 price objective on shares of Constellation Brands in a research report on Thursday. OTR Global upgraded Constellation Brands to a “positive” rating in a research note on Friday, September 27th. Morgan Stanley boosted their price objective on Constellation Brands from $208.00 to $211.00 and gave the company an “equal weight” rating in a research note on Thursday, January 9th. Cowen reiterated a “buy” rating and issued a $240.00 price objective on shares of Constellation Brands in a research note on Friday, December 6th. Finally, Hanson reiterated a “sell” rating on shares of Constellation Brands in a research note on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company. Constellation Brands has an average rating of “Hold” and a consensus price target of $227.61.

Shares of NYSE:STZ traded down $2.45 during trading on Friday, reaching $191.52. The company had a trading volume of 557,033 shares, compared to its average volume of 1,416,401. The firm has a market capitalization of $36.78 billion, a price-to-earnings ratio of 46.15, a price-to-earnings-growth ratio of 2.66 and a beta of 0.64. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.41 and a quick ratio of 0.86. The stock’s fifty day moving average price is $187.39 and its 200 day moving average price is $194.09. Constellation Brands, Inc. has a fifty-two week low of $163.52 and a fifty-two week high of $214.48.

Constellation Brands (NYSE:STZ) last released its earnings results on Wednesday, January 8th. The company reported $2.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.84 by $0.30. The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $1.95 billion. Constellation Brands had a return on equity of 14.15% and a net margin of 9.21%. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.37 earnings per share. On average, equities analysts anticipate that Constellation Brands, Inc. will post 8.83 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 11th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Monday, February 10th. Constellation Brands’s payout ratio is currently 32.33%.

About Constellation Brands

Constellation Brands, Inc, together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. It provides beer primarily under the Corona Extra, Corona Light, Corona Premier, Corona Familiar Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Four Corners, and Ballast Point brands.

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Institutional Ownership by Quarter for Constellation Brands (NYSE:STZ)

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