Round Rock Advisors LLC Makes New Investment in Constellation Brands, Inc. (NYSE:STZ)

Round Rock Advisors LLC acquired a new position in shares of Constellation Brands, Inc. (NYSE:STZ) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 12,177 shares of the company’s stock, valued at approximately $2,944,000.

Several other institutional investors and hedge funds also recently bought and sold shares of STZ. Indiana Trust & Investment Management CO purchased a new stake in shares of Constellation Brands during the third quarter valued at $25,000. Impact Partnership Wealth LLC boosted its stake in shares of Constellation Brands by 1,175.0% during the third quarter. Impact Partnership Wealth LLC now owns 102 shares of the company’s stock valued at $26,000 after purchasing an additional 94 shares during the period. BKM Wealth Management LLC purchased a new stake in shares of Constellation Brands during the fourth quarter valued at $28,000. Asset Dedication LLC boosted its stake in shares of Constellation Brands by 3,833.3% during the third quarter. Asset Dedication LLC now owns 118 shares of the company’s stock valued at $30,000 after purchasing an additional 115 shares during the period. Finally, Resurgent Financial Advisors LLC purchased a new stake in shares of Constellation Brands during the fourth quarter valued at $34,000. 77.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on STZ. Wedbush restated an “outperform” rating and issued a $300.00 price objective on shares of Constellation Brands in a report on Wednesday. Argus downgraded Constellation Brands from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Deutsche Bank Aktiengesellschaft lifted their price objective on Constellation Brands from $256.00 to $262.00 and gave the company a “hold” rating in a report on Wednesday. TheStreet downgraded Constellation Brands from a “b” rating to a “c+” rating in a report on Friday, January 5th. Finally, Evercore ISI restated an “outperform” rating and issued a $300.00 price objective on shares of Constellation Brands in a report on Wednesday, March 27th. Four investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, Constellation Brands currently has a consensus rating of “Moderate Buy” and a consensus target price of $292.78.

Constellation Brands Stock Up 2.0 %

Shares of STZ stock traded up $5.24 during trading hours on Thursday, reaching $270.16. 2,385,298 shares of the company’s stock were exchanged, compared to its average volume of 1,226,608. Constellation Brands, Inc. has a 1 year low of $221.81 and a 1 year high of $274.87. The stock has a market cap of $49.39 billion, a PE ratio of 31.35, a PEG ratio of 1.82 and a beta of 0.97. The company has a current ratio of 1.05, a quick ratio of 0.46 and a debt-to-equity ratio of 1.05. The stock’s fifty day moving average price is $256.29 and its two-hundred day moving average price is $246.84.

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 Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Victoria, Vicky Chamoy, and Pacifico brands.