Sei Investments Co. Buys 9,526 Shares of Constellation Brands, Inc. (NYSE:STZ)

Sei Investments Co. raised its stake in shares of Constellation Brands, Inc. (NYSE:STZFree Report) by 6.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 169,479 shares of the company’s stock after purchasing an additional 9,526 shares during the period. Sei Investments Co. owned 0.09% of Constellation Brands worth $40,971,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. BKM Wealth Management LLC bought a new position in Constellation Brands in the 4th quarter worth $28,000. Asset Dedication LLC increased its stake 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 worth $30,000 after purchasing an additional 115 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Constellation Brands during the 4th quarter worth about $37,000. Exchange Traded Concepts LLC bought a new stake in Constellation Brands during the 4th quarter valued at approximately $45,000. Finally, VisionPoint Advisory Group LLC acquired a new stake in Constellation Brands in the 3rd quarter valued at approximately $58,000. Institutional investors own 77.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on STZ. HSBC upped 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. Evercore ISI lifted their price objective on Constellation Brands from $300.00 to $310.00 and gave the stock an “outperform” rating in a report on Friday, April 12th. UBS Group upped their target price on Constellation Brands from $312.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Argus upgraded shares of Constellation Brands from a “hold” rating to a “buy” rating and set a $306.00 price target on the stock in a research note on Monday, April 15th. Finally, Barclays dropped their price objective on shares of Constellation Brands from $295.00 to $288.00 and set an “overweight” rating for the company in a research note on Wednesday, May 29th. Three equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $298.20.

Check Out Our Latest Stock Analysis on Constellation Brands

Insider Buying and Selling

In other Constellation Brands news, EVP Michael Mcgrew sold 3,237 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $255.50, for a total value of $827,053.50. Following the transaction, the executive vice president now owns 1,731 shares of the company’s stock, valued at $442,270.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Constellation Brands news, CEO William A. Newlands sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $261.54, for a total value of $6,538,500.00. Following the completion of the sale, the chief executive officer now owns 14,700 shares of the company’s stock, valued at $3,844,638. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael Mcgrew sold 3,237 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $255.50, for a total transaction of $827,053.50. Following the completion of the sale, the executive vice president now owns 1,731 shares in the company, valued at $442,270.50. The disclosure for this sale can be found here. Insiders sold a total of 48,031 shares of company stock valued at $12,582,321 over the last three months. Company insiders own 12.19% of the company’s stock.

Constellation Brands Price Performance

Constellation Brands stock opened at $251.68 on Tuesday. The business’s 50-day simple moving average is $256.41 and its 200 day simple moving average is $251.69. The company has a quick ratio of 0.53, a current ratio of 1.19 and a debt-to-equity ratio of 1.06. The stock has a market cap of $46.05 billion, a price-to-earnings ratio of 26.83, a P/E/G ratio of 1.69 and a beta of 0.89. Constellation Brands, Inc. has a 12-month low of $227.50 and a 12-month high of $274.87.

Constellation Brands (NYSE:STZGet Free Report) last issued its earnings results on Thursday, April 11th. The company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.16. Constellation Brands had a net margin of 16.13% and a return on equity of 23.06%. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same quarter last year, the firm earned $1.98 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, research analysts anticipate that Constellation Brands, Inc. will post 13.54 earnings per share for the current year.

Constellation Brands Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Friday, May 3rd were given a $1.01 dividend. This is a positive change from Constellation Brands’s previous quarterly dividend of $0.89. This represents a $4.04 annualized dividend and a dividend yield of 1.61%. The ex-dividend date was Thursday, May 2nd. Constellation Brands’s dividend payout ratio (DPR) is currently 43.07%.

About Constellation Brands

(Free Report)

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.

Read More

Want to see what other hedge funds are holding STZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Constellation Brands, Inc. (NYSE:STZFree Report).

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

Receive News & Ratings for Constellation Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Constellation Brands and related companies with MarketBeat.com's FREE daily email newsletter.