TCG Advisory Services LLC Purchases Shares of 35,509 Constellation Brands, Inc. (NYSE:STZ)

TCG Advisory Services LLC acquired a new position in Constellation Brands, Inc. (NYSE:STZ) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 35,509 shares of the company’s stock, valued at approximately $8,584,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Darsana Capital Partners LP increased its stake in Constellation Brands by 288.9% in the 3rd quarter. Darsana Capital Partners LP now owns 875,000 shares of the company’s stock worth $219,914,000 after purchasing an additional 650,000 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Constellation Brands by 24,922.5% in the 4th quarter. International Assets Investment Management LLC now owns 567,010 shares of the company’s stock worth $137,075,000 after purchasing an additional 564,744 shares during the period. Phoenix Holdings Ltd. grew its position in Constellation Brands by 38.3% during the 3rd quarter. Phoenix Holdings Ltd. now owns 551,447 shares of the company’s stock worth $138,608,000 after purchasing an additional 152,799 shares in the last quarter. Trexquant Investment LP acquired a new stake in Constellation Brands during the 3rd quarter valued at $30,640,000. Finally, HighTower Advisors LLC raised its stake in Constellation Brands by 70.0% during the 3rd quarter. HighTower Advisors LLC now owns 218,190 shares of the company’s stock valued at $54,983,000 after purchasing an additional 89,822 shares during the period. 77.34% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP James A. Jr. Sabia sold 15,781 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $263.63, for a total value of $4,160,345.03. Following the completion of the transaction, the executive vice president now directly owns 20,910 shares of the company’s stock, valued at $5,512,503.30. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, EVP James A. Jr. Sabia sold 15,781 shares of the company’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $263.63, for a total value of $4,160,345.03. Following the sale, the executive vice president now owns 20,910 shares of the company’s stock, valued at $5,512,503.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO William A. Newlands sold 4,013 shares of the firm’s stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $263.25, for a total transaction of $1,056,422.25. Following the transaction, the chief executive officer now owns 5,395 shares of the company’s stock, valued at approximately $1,420,233.75. The disclosure for this sale can be found here. 16.19% of the stock is currently owned by company insiders.

Analyst Ratings Changes

STZ has been the topic of a number of research analyst reports. Evercore ISI lifted their price target on Constellation Brands from $300.00 to $310.00 and gave the company an “outperform” rating in a report on Friday, April 12th. Jefferies Financial Group lifted their target price on Constellation Brands from $292.00 to $314.00 and gave the company a “buy” rating in a research note on Friday, April 12th. UBS Group increased their price target on shares of Constellation Brands from $312.00 to $320.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. HSBC boosted their price objective on shares of Constellation Brands from $290.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Finally, Roth Mkm reiterated a “buy” rating and issued a $305.00 target price on shares of Constellation Brands in a research report on Friday, April 12th. Three investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $298.55.

Constellation Brands Stock Performance

Constellation Brands stock traded up $2.00 on Friday, reaching $256.08. 735,854 shares of the stock were exchanged, compared to its average volume of 1,409,209. The company has a current ratio of 1.19, a quick ratio of 0.53 and a debt-to-equity ratio of 1.06. Constellation Brands, Inc. has a twelve month low of $221.81 and a twelve month high of $274.87. The firm has a fifty day moving average price of $260.83 and a two-hundred day moving average price of $248.69. The stock has a market cap of $46.82 billion, a PE ratio of 27.30, a PEG ratio of 1.73 and a beta of 0.95.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Thursday, April 11th. The company reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.16. Constellation Brands had a return on equity of 23.06% and a net margin of 16.13%. The company had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same period in the previous year, the company earned $1.98 earnings per share. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. Sell-side analysts anticipate that Constellation Brands, Inc. will post 13.51 EPS for the current year.

Constellation Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Thursday, May 2nd. This is a positive change from Constellation Brands’s previous quarterly dividend of $0.89. Constellation Brands’s dividend payout ratio (DPR) is presently 43.07%.

Constellation Brands 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.