Integrated Advisors Network LLC Invests $223,000 in Constellation Brands, Inc. (NYSE:STZ)

Integrated Advisors Network LLC bought a new position in shares of Constellation Brands, Inc. (NYSE:STZ) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,217 shares of the company’s stock, valued at approximately $223,000.

A number of other hedge funds have also recently added to or reduced their stakes in STZ. Mainstream Capital Management LLC acquired a new stake in Constellation Brands in the fourth quarter valued at about $25,000. SBI Securities Co. Ltd. purchased a new position in shares of Constellation Brands during the 4th quarter worth approximately $26,000. Union Bancaire Privee UBP SA purchased a new position in shares of Constellation Brands during the 4th quarter worth approximately $28,000. Minot DeBlois Advisors LLC purchased a new position in shares of Constellation Brands during the 4th quarter worth approximately $29,000. Finally, Optiver Holding B.V. purchased a new stake in Constellation Brands in the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Jefferies Financial Group cut their price target on Constellation Brands from $201.00 to $196.00 in a report on Friday, April 11th. Royal Bank of Canada lowered their price objective on shares of Constellation Brands from $289.00 to $233.00 and set an “outperform” rating for the company in a research note on Monday, April 14th. CJS Securities decreased their price target on shares of Constellation Brands from $196.00 to $194.00 in a research report on Monday, May 19th. Wall Street Zen raised shares of Constellation Brands from a “sell” rating to a “hold” rating in a research report on Tuesday, May 20th. Finally, Wells Fargo & Company decreased their price objective on shares of Constellation Brands from $230.00 to $210.00 and set an “overweight” rating for the company in a research report on Wednesday, April 2nd. Eleven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $220.00.

Insider Activity

In related news, EVP Samuel J. Glaetzer sold 3,150 shares of the firm’s stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $188.54, for a total transaction of $593,901.00. Following the completion of the sale, the executive vice president now directly owns 3,126 shares in the company, valued at approximately $589,376.04. This trade represents a 50.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 12.19% of the company’s stock.

Constellation Brands Price Performance

STZ opened at $164.69 on Monday. The company’s 50-day moving average price is $183.21 and its 200 day moving average price is $190.67. Constellation Brands, Inc. has a fifty-two week low of $160.46 and a fifty-two week high of $265.70. The firm has a market cap of $29.32 billion, a price-to-earnings ratio of 44.27, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Wednesday, April 9th. The company reported $2.63 EPS for the quarter, beating the consensus estimate of $2.28 by $0.35. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter last year, the business earned $2.26 earnings per share. Constellation Brands’s revenue was up 1.2% compared to the same quarter last year. As a group, sell-side analysts expect that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Tuesday, April 29th were issued a $1.02 dividend. The ex-dividend date of this dividend was Tuesday, April 29th. This is a boost from Constellation Brands’s previous quarterly dividend of $1.01. This represents a $4.08 annualized dividend and a dividend yield of 2.48%. Constellation Brands’s dividend payout ratio (DPR) is -800.00%.

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 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.