Jones Financial Companies Lllp Grows Stock Position in Constellation Brands, Inc. (NYSE:STZ)

Jones Financial Companies Lllp increased its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 42.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,146 shares of the company’s stock after purchasing an additional 3,312 shares during the quarter. Jones Financial Companies Lllp’s holdings in Constellation Brands were worth $2,463,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Metis Global Partners LLC grew its position in shares of Constellation Brands by 0.8% during the third quarter. Metis Global Partners LLC now owns 5,570 shares of the company’s stock worth $1,435,000 after buying an additional 46 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its stake in Constellation Brands by 1.3% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,205 shares of the company’s stock worth $1,084,000 after acquiring an additional 52 shares during the last quarter. KCM Investment Advisors LLC grew its holdings in Constellation Brands by 1.7% during the 3rd quarter. KCM Investment Advisors LLC now owns 3,382 shares of the company’s stock worth $872,000 after acquiring an additional 56 shares in the last quarter. Allworth Financial LP grew its holdings in Constellation Brands by 0.8% during the 4th quarter. Allworth Financial LP now owns 7,357 shares of the company’s stock worth $1,626,000 after acquiring an additional 59 shares in the last quarter. Finally, BSW Wealth Partners increased its position in shares of Constellation Brands by 4.2% in the 4th quarter. BSW Wealth Partners now owns 1,563 shares of the company’s stock valued at $345,000 after purchasing an additional 63 shares during the last quarter. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Wall Street Analyst Weigh In

STZ has been the subject of a number of analyst reports. Wells Fargo & Company lowered their target price on shares of Constellation Brands from $295.00 to $275.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Evercore ISI lowered their price objective on Constellation Brands from $300.00 to $250.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Morgan Stanley lowered Constellation Brands from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $220.00 to $202.00 in a research report on Thursday, February 27th. StockNews.com upgraded Constellation Brands from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $203.00 price target (down from $262.00) on shares of Constellation Brands in a research note on Monday, January 13th. Eleven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $253.43.

Insider Buying and Selling

In other Constellation Brands news, Director William T. Giles purchased 1,000 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were purchased at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the completion of the purchase, the director now directly owns 1,463 shares in the company, valued at $272,688.57. This represents a 215.98 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 12.19% of the stock is currently owned by corporate insiders.

Constellation Brands Stock Up 0.9 %

STZ opened at $174.08 on Thursday. The business has a 50 day moving average price of $185.90 and a two-hundred day moving average price of $222.14. Constellation Brands, Inc. has a 52 week low of $160.46 and a 52 week high of $274.87. The company has a market cap of $31.46 billion, a PE ratio of 46.79, a P/E/G 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 issued its quarterly earnings results on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing the consensus estimate of $3.33 by ($0.08). The company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.53 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. Constellation Brands’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the prior year, the business earned $3.19 earnings per share. As a group, research analysts anticipate that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a dividend of $1.01 per share. The ex-dividend date was Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.32%. Constellation Brands’s dividend payout ratio (DPR) is 108.60%.

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.