Benjamin F. Edwards & Company Inc. Buys 108 Shares of Constellation Brands, Inc. (NYSE:STZ)

Benjamin F. Edwards & Company Inc. increased its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 3.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,888 shares of the company’s stock after purchasing an additional 108 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Constellation Brands were worth $698,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. grew its stake in shares of Constellation Brands by 18.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 10,291 shares of the company’s stock valued at $2,586,000 after buying an additional 1,629 shares during the last quarter. Brown Advisory Inc. boosted its holdings in Constellation Brands by 5.7% during the 3rd quarter. Brown Advisory Inc. now owns 5,437 shares of the company’s stock valued at $1,367,000 after acquiring an additional 294 shares during the period. Strs Ohio grew its position in Constellation Brands by 1.5% in the 3rd quarter. Strs Ohio now owns 89,960 shares of the company’s stock valued at $22,609,000 after acquiring an additional 1,366 shares during the last quarter. IFM Investors Pty Ltd increased its stake in Constellation Brands by 1.5% in the third quarter. IFM Investors Pty Ltd now owns 33,156 shares of the company’s stock worth $8,333,000 after purchasing an additional 500 shares during the period. Finally, Waldron Private Wealth LLC lifted its position in shares of Constellation Brands by 8.7% during the third quarter. Waldron Private Wealth LLC now owns 971 shares of the company’s stock worth $244,000 after purchasing an additional 78 shares during the last quarter. 77.34% of the stock is currently owned by institutional investors.

Constellation Brands Price Performance

NYSE STZ opened at $258.46 on Wednesday. Constellation Brands, Inc. has a 12-month low of $222.45 and a 12-month high of $274.87. The firm’s fifty day simple moving average is $261.27 and its two-hundred day simple moving average is $249.24. The company has a current ratio of 1.19, a quick ratio of 0.53 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $47.29 billion, a P/E ratio of 27.55, a P/E/G ratio of 1.73 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last announced its earnings results on Thursday, April 11th. The company reported $2.26 earnings per share for the quarter, topping the consensus estimate of $2.10 by $0.16. Constellation Brands had a return on equity of 23.06% and a net margin of 16.13%. The firm had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the previous year, the business earned $1.98 EPS. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. Analysts forecast that Constellation Brands, Inc. will post 13.51 EPS for the current fiscal year.

Constellation Brands Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be paid a $1.01 dividend. The ex-dividend date is Thursday, May 2nd. This is a boost from Constellation Brands’s previous quarterly dividend of $0.89. This represents a $4.04 dividend on an annualized basis and a yield of 1.56%. Constellation Brands’s dividend payout ratio (DPR) is 43.07%.

Insiders Place Their Bets

In other Constellation Brands news, EVP Michael Mcgrew sold 3,237 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $255.50, for a total value of $827,053.50. Following the completion of 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 filing with the SEC, which is available at this link. In other 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 directly owns 1,731 shares of the company’s stock, valued at $442,270.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William A. Newlands sold 4,013 shares of Constellation Brands stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $263.25, for a total value of $1,056,422.25. Following the sale, the chief executive officer now directly owns 5,395 shares of the company’s stock, valued at approximately $1,420,233.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,031 shares of company stock valued at $6,043,821. Insiders own 16.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on STZ. Bank of America raised their price target on shares of Constellation Brands from $290.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Barclays raised their target price on shares of Constellation Brands from $294.00 to $295.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Evercore ISI boosted their price target on Constellation Brands from $300.00 to $310.00 and gave the company an “outperform” rating in a report on Friday, April 12th. Wedbush restated an “outperform” rating and set a $300.00 price objective on shares of Constellation Brands in a report on Wednesday, April 10th. Finally, Piper Sandler began coverage on Constellation Brands in a report on Friday, March 22nd. They issued an “overweight” rating and a $300.00 target price for the company. Three analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $298.55.

Constellation Brands 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.