Hoylecohen LLC Boosts Position in Constellation Brands, Inc. (NYSE:STZ)

Hoylecohen LLC boosted its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 3.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 13,773 shares of the company’s stock after acquiring an additional 505 shares during the quarter. Hoylecohen LLC’s holdings in Constellation Brands were worth $3,330,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in STZ. BKM Wealth Management LLC purchased a new stake in Constellation Brands during the fourth quarter worth $28,000. Asset Dedication LLC lifted its position in shares of Constellation Brands by 3,833.3% in the third quarter. Asset Dedication LLC now owns 118 shares of the company’s stock valued at $30,000 after acquiring an additional 115 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Constellation Brands in the fourth quarter valued at $37,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Constellation Brands in the third quarter valued at $41,000. Finally, Exchange Traded Concepts LLC acquired a new position in Constellation Brands in the fourth quarter valued at $45,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on STZ. Evercore ISI increased their target price on Constellation Brands from $300.00 to $310.00 and gave the company an “outperform” rating in a research note on Friday, April 12th. Argus upgraded Constellation Brands from a “hold” rating to a “buy” rating and set a $306.00 target price for the company in a research report on Monday, April 15th. BMO Capital Markets lifted their price target on Constellation Brands from $290.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, April 12th. Bank of America boosted their price objective on Constellation Brands from $290.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Finally, Barclays upped their price target on Constellation Brands from $294.00 to $295.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Three analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Constellation Brands currently has an average rating of “Moderate Buy” and an average price target of $298.55.

Insider Buying and Selling at Constellation Brands

In other news, EVP James A. Jr. Sabia sold 15,781 shares of Constellation Brands stock in a transaction that occurred on 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 transaction, the executive vice president now owns 20,910 shares of the company’s stock, valued at approximately $5,512,503.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO William A. Newlands sold 4,013 shares of the business’s stock in a transaction on Friday, April 19th. The shares were sold at an average price of $263.25, for a total value of $1,056,422.25. Following the completion of the transaction, the chief executive officer now directly owns 5,395 shares in the company, valued at approximately $1,420,233.75. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP James A. Jr. Sabia sold 15,781 shares of the business’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 20,910 shares of the company’s stock, valued at approximately $5,512,503.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 48,031 shares of company stock valued at $12,582,321. Company insiders own 16.19% of the company’s stock.

Constellation Brands Stock Performance

Constellation Brands stock traded up $3.39 during midday trading on Friday, reaching $248.51. 1,502,440 shares of the company traded hands, compared to its average volume of 1,191,263. The firm has a market capitalization of $45.47 billion, a price-to-earnings ratio of 26.49, a price-to-earnings-growth ratio of 1.68 and a beta of 0.95. The business has a 50 day moving average of $261.29 and a two-hundred day moving average of $250.70. Constellation Brands, Inc. has a 12 month low of $227.50 and a 12 month high of $274.87. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.19 and a quick ratio of 0.53.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Thursday, April 11th. The company reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.16. The firm had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Constellation Brands had a net margin of 16.13% and a return on equity of 23.06%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.98 earnings per share. As a group, research analysts predict that Constellation Brands, Inc. will post 13.53 earnings per share for the current year.

Constellation Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Friday, May 3rd were issued a dividend of $1.01 per share. This is a positive change from Constellation Brands’s previous quarterly dividend of $0.89. The ex-dividend date was Thursday, May 2nd. This represents a $4.04 dividend on an annualized basis and a yield of 1.63%. 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.