Apollon Wealth Management LLC Has $1.84 Million Stock Holdings in Constellation Brands Inc $STZ

Apollon Wealth Management LLC increased its stake in shares of Constellation Brands Inc (NYSE:STZ) by 110.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,634 shares of the company’s stock after buying an additional 7,163 shares during the period. Apollon Wealth Management LLC’s holdings in Constellation Brands were worth $1,836,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in STZ. Flaharty Asset Management LLC bought a new position in shares of Constellation Brands in the first quarter worth about $39,000. Abound Wealth Management grew its stake in shares of Constellation Brands by 341.8% during the third quarter. Abound Wealth Management now owns 243 shares of the company’s stock valued at $33,000 after purchasing an additional 188 shares during the last quarter. Hoey Investments Inc. acquired a new stake in shares of Constellation Brands in the second quarter valued at approximately $40,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Constellation Brands in the second quarter valued at approximately $49,000. Finally, Curio Wealth LLC raised its position in Constellation Brands by 29,900.0% in the 2nd quarter. Curio Wealth LLC now owns 300 shares of the company’s stock worth $49,000 after purchasing an additional 299 shares during the last quarter. Institutional investors own 77.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $160.00 price target on shares of Constellation Brands in a research note on Monday, December 15th. Sanford C. Bernstein dropped their price objective on Constellation Brands from $225.00 to $195.00 and set an “outperform” rating for the company in a report on Thursday, September 4th. Bank of America cut their price objective on shares of Constellation Brands from $150.00 to $142.00 and set an “underperform” rating on the stock in a report on Wednesday, September 3rd. TD Cowen reduced their price objective on shares of Constellation Brands from $180.00 to $152.00 and set a “hold” rating on the stock in a research note on Thursday, September 4th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Constellation Brands in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $181.96.

Constellation Brands Trading Up 1.3%

STZ opened at $140.27 on Wednesday. The firm’s fifty day simple moving average is $136.12 and its 200 day simple moving average is $149.40. The stock has a market capitalization of $24.55 billion, a P/E ratio of 20.48, a P/E/G ratio of 0.42 and a beta of 0.46. The company has a current ratio of 1.08, a quick ratio of 0.54 and a debt-to-equity ratio of 1.26. Constellation Brands Inc has a 12 month low of $126.45 and a 12 month high of $228.89.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Thursday, February 23rd. The company reported $3.12 earnings per share (EPS) for the quarter. The firm had revenue of $2.32 billion for the quarter. Constellation Brands had a return on equity of 29.82% and a net margin of 11.88%. As a group, research analysts anticipate that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Profile

Constellation Brands, Inc is a leading producer and marketer of beer, wine and spirits, with operations spanning production, importation, marketing and distribution. The company’s beverage portfolio includes a range of premium and mainstream wines and spirits alongside major imported beer brands; in the U.S. market Constellation is widely known for its role in bringing Mexican imports such as Corona and Modelo to American consumers. Constellation supplies retail, on‑premise and foodservice channels and supports its brands with national sales and marketing platforms and supply‑chain capabilities.

The company traces its roots to the Canandaigua Wine Company, founded by Marvin Sands in 1945, and evolved through organic growth and acquisition into a diversified beverage company.