Rothschild & Co. Asset Management US Inc. Purchases 604 Shares of Constellation Brands, Inc. (NYSE:STZ)

Rothschild & Co. Asset Management US Inc. increased its position in shares of Constellation Brands, Inc. (NYSE:STZGet Rating) by 3.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,824 shares of the company’s stock after acquiring an additional 604 shares during the period. Rothschild & Co. Asset Management US Inc.’s holdings in Constellation Brands were worth $4,797,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of STZ. Core Wealth Advisors Inc. bought a new stake in Constellation Brands during the 4th quarter worth approximately $25,000. MCF Advisors LLC purchased a new position in Constellation Brands in the 1st quarter worth approximately $25,000. Industrial Alliance Investment Management Inc. purchased a new position in Constellation Brands in the 4th quarter worth approximately $26,000. Wagner Wealth Management LLC purchased a new position in Constellation Brands in the 4th quarter worth approximately $26,000. Finally, Ellevest Inc. purchased a new position in Constellation Brands in the 1st quarter worth approximately $42,000. Institutional investors own 73.86% of the company’s stock.

Constellation Brands Trading Down 0.1 %

Shares of STZ opened at $248.24 on Friday. The stock has a market capitalization of $45.87 billion, a P/E ratio of 37.50, a PEG ratio of 2.07 and a beta of 1.01. The company has a quick ratio of 0.70, a current ratio of 1.40 and a debt-to-equity ratio of 0.89. The firm has a fifty day simple moving average of $245.30 and a two-hundred day simple moving average of $239.49. Constellation Brands, Inc. has a twelve month low of $207.59 and a twelve month high of $261.52.

Constellation Brands (NYSE:STZGet Rating) last announced its quarterly earnings results on Thursday, June 30th. The company reported $2.66 earnings per share for the quarter, beating the consensus estimate of $2.51 by $0.15. The business had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Constellation Brands had a net margin of 12.72% and a return on equity of 17.19%. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.33 EPS. On average, research analysts anticipate that Constellation Brands, Inc. will post 10.93 EPS for the current year.

Constellation Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 24th. Shareholders of record on Wednesday, August 10th were issued a $0.80 dividend. The ex-dividend date was Tuesday, August 9th. This represents a $3.20 annualized dividend and a yield of 1.29%. Constellation Brands’s dividend payout ratio (DPR) is presently 14.05%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. UBS Group cut their price target on shares of Constellation Brands from $285.00 to $270.00 and set a “buy” rating for the company in a research note on Tuesday, June 21st. Credit Suisse Group cut their price target on shares of Constellation Brands from $295.00 to $292.00 and set an “outperform” rating for the company in a research note on Friday, July 1st. Deutsche Bank Aktiengesellschaft cut their price target on shares of Constellation Brands from $248.00 to $240.00 and set a “hold” rating for the company in a research note on Friday, July 1st. Morgan Stanley boosted their price target on shares of Constellation Brands from $294.00 to $298.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 21st. Finally, Barclays upped their price objective on shares of Constellation Brands from $272.00 to $281.00 and gave the company an “overweight” rating in a research note on Tuesday, July 5th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $272.19.

Insiders Place Their Bets

In other Constellation Brands news, CFO Garth Hankinson sold 2,270 shares of the company’s stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $255.92, for a total value of $580,938.40. Following the completion of the transaction, the chief financial officer now directly owns 7,176 shares in the company, valued at approximately $1,836,481.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Constellation Brands news, insider Robert Sands sold 1,427,799 shares of the company’s stock in a transaction on Friday, July 15th. The shares were sold at an average price of $242.81, for a total value of $346,683,875.19. Following the completion of the transaction, the insider now directly owns 550,214 shares in the company, valued at approximately $133,597,461.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Garth Hankinson sold 2,270 shares of the company’s stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $255.92, for a total transaction of $580,938.40. Following the completion of the transaction, the chief financial officer now owns 7,176 shares of the company’s stock, valued at $1,836,481.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,619,248 shares of company stock worth $393,239,506. 16.19% of the stock is currently owned by corporate insiders.

Constellation Brands Company Profile

(Get Rating)

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. It provides beer primarily under the Corona Extra, Corona Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands.

See Also

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

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