Constellation Brands, Inc. (NYSE:STZ) Shares Bought by Investors Asset Management of Georgia Inc. GA ADV

Investors Asset Management of Georgia Inc. GA ADV boosted its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 22.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,497 shares of the company’s stock after buying an additional 275 shares during the quarter. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Constellation Brands were worth $386,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. New Millennium Group LLC acquired a new stake in shares of Constellation Brands in the second quarter worth $25,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Constellation Brands during the 2nd quarter valued at about $29,000. Horizon Bancorp Inc. IN acquired a new position in shares of Constellation Brands in the 2nd quarter valued at about $32,000. Opal Wealth Advisors LLC purchased a new stake in shares of Constellation Brands in the second quarter worth about $36,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Constellation Brands during the second quarter worth about $36,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Constellation Brands

In related news, CEO William A. Newlands sold 7,426 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $237.24, for a total value of $1,761,744.24. Following the completion of the sale, the chief executive officer now owns 7,274 shares of the company’s stock, valued at approximately $1,725,683.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO William A. Newlands sold 7,426 shares of the stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $237.24, for a total value of $1,761,744.24. Following the completion of the transaction, the chief executive officer now directly owns 7,274 shares in the company, valued at approximately $1,725,683.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Garth Hankinson sold 13,583 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $240.00, for a total value of $3,259,920.00. Following the sale, the chief financial officer now directly owns 11,702 shares of the company’s stock, valued at approximately $2,808,480. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 141,793 shares of company stock worth $34,300,914 in the last quarter. Company insiders own 12.19% of the company’s stock.

Constellation Brands Price Performance

STZ traded up $0.43 on Friday, reaching $232.77. 1,351,116 shares of the company’s stock were exchanged, compared to its average volume of 1,186,563. The stock has a market cap of $42.26 billion, a PE ratio of 75.33, a P/E/G ratio of 1.66 and a beta of 0.88. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.25 and a quick ratio of 0.53. Constellation Brands, Inc. has a twelve month low of $231.70 and a twelve month high of $274.87. The stock’s fifty day moving average price is $245.43 and its 200-day moving average price is $249.70.

Constellation Brands (NYSE:STZ) last issued its earnings results on Thursday, October 3rd. The company reported $4.32 earnings per share for the quarter, topping the consensus estimate of $4.08 by $0.24. Constellation Brands had a return on equity of 25.34% and a net margin of 5.29%. The business had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.95 billion. During the same period in the previous year, the firm posted $3.70 EPS. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. Sell-side analysts expect that Constellation Brands, Inc. will post 13.57 EPS for the current year.

Constellation Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Tuesday, November 5th will be paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend is Tuesday, November 5th. Constellation Brands’s dividend payout ratio (DPR) is presently 130.74%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on STZ. Barclays decreased their price target on Constellation Brands from $309.00 to $300.00 and set an “overweight” rating for the company in a report on Monday, October 7th. UBS Group lowered their price target on shares of Constellation Brands from $320.00 to $295.00 and set a “buy” rating on the stock in a report on Monday, September 9th. Evercore ISI cut their price objective on shares of Constellation Brands from $310.00 to $300.00 and set an “outperform” rating for the company in a report on Friday, October 4th. Jefferies Financial Group increased their target price on shares of Constellation Brands from $310.00 to $311.00 and gave the stock a “buy” rating in a research note on Friday, July 5th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $308.00 target price on shares of Constellation Brands in a research report on Friday, October 4th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $290.47.

Constellation Brands Company Profile

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.