Cwm LLC Has $1.28 Million Position in Constellation Brands, Inc. (NYSE:STZ)

Cwm LLC increased its position in Constellation Brands, Inc. (NYSE:STZ) by 18.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,273 shares of the company’s stock after acquiring an additional 820 shares during the quarter. Cwm LLC’s holdings in Constellation Brands were worth $1,275,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in STZ. BKM Wealth Management LLC acquired a new position in shares of Constellation Brands in the fourth quarter valued at approximately $28,000. Asset Dedication LLC increased its position in Constellation Brands by 3,833.3% during the 3rd 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. Turtle Creek Wealth Advisors LLC acquired a new stake in Constellation Brands during the 4th quarter valued at approximately $37,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Constellation Brands during the 3rd quarter valued at approximately $41,000. Finally, Exchange Traded Concepts LLC acquired a new stake in Constellation Brands during the 4th quarter valued at approximately $45,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Insider Buying and Selling at Constellation Brands

In other news, CEO William A. Newlands sold 4,013 shares of Constellation Brands stock in a transaction on 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 sale, 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 Securities & Exchange Commission, which is available at the SEC website. In other news, CEO William A. Newlands sold 4,013 shares of Constellation Brands stock in a transaction on 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 sale, 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 Securities & Exchange Commission, which is available at the SEC website. Also, EVP James A. Jr. Sabia sold 15,781 shares of Constellation Brands 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 sale, the executive vice president now owns 20,910 shares in the company, valued at $5,512,503.30. The disclosure for this sale can be found here. Company insiders own 16.19% of the company’s stock.

Analyst Upgrades and Downgrades

STZ has been the subject of a number of recent analyst reports. BMO Capital Markets increased their target price on shares of Constellation Brands from $290.00 to $315.00 and gave the company an “outperform” rating in a research report on Friday, April 12th. HSBC raised their price objective on shares of Constellation Brands from $290.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Bank of America raised their price objective on shares of Constellation Brands from $290.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. TheStreet downgraded shares of Constellation Brands from a “b” rating to a “c+” rating in a research report on Friday, January 5th. Finally, Evercore ISI raised their price objective on shares of Constellation Brands from $300.00 to $310.00 and gave the stock an “outperform” rating in a research report on Friday, April 12th. Three research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $298.55.

Constellation Brands Price Performance

Shares of NYSE:STZ opened at $260.04 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.53 and a debt-to-equity ratio of 1.06. The stock’s fifty day simple moving average is $259.80 and its two-hundred day simple moving average is $248.01. 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 $47.54 billion, a PE ratio of 27.72, a price-to-earnings-growth ratio of 1.77 and a beta of 0.97.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Thursday, April 11th. The company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.16. Constellation Brands had a return on equity of 23.06% and a net margin of 16.13%. The business had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same period last year, the business earned $1.98 EPS. The business’s revenue was up 7.1% on a year-over-year basis. As a group, analysts forecast that Constellation Brands, Inc. will post 13.51 EPS for the current fiscal year.

Constellation Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 3rd will be paid a dividend of $1.01 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This is a boost from Constellation Brands’s previous quarterly dividend of $0.89. This represents a $4.04 annualized dividend and a yield of 1.55%. Constellation Brands’s dividend payout ratio (DPR) is 37.95%.

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.