Cetera Investment Advisers Has $1.40 Million Position in Constellation Brands, Inc. (STZ)

Cetera Investment Advisers reduced its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 1.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 7,922 shares of the company’s stock after selling 132 shares during the period. Cetera Investment Advisers’ holdings in Constellation Brands were worth $1,399,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in STZ. Versant Capital Management Inc grew its stake in Constellation Brands by 210.9% during the 1st quarter. Versant Capital Management Inc now owns 143 shares of the company’s stock valued at $25,000 after purchasing an additional 97 shares in the last quarter. Truewealth LLC grew its stake in Constellation Brands by 467.9% during the 4th quarter. Truewealth LLC now owns 159 shares of the company’s stock valued at $26,000 after purchasing an additional 131 shares in the last quarter. City Holding Co. acquired a new stake in Constellation Brands during the 4th quarter valued at approximately $31,000. Ledyard National Bank acquired a new stake in Constellation Brands during the 4th quarter valued at approximately $31,000. Finally, We Are One Seven LLC acquired a new stake in Constellation Brands during the 4th quarter valued at approximately $32,000. Institutional investors and hedge funds own 74.22% of the company’s stock.

In related news, EVP David Eric Klein sold 25,980 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $198.66, for a total transaction of $5,161,186.80. Following the completion of the transaction, the executive vice president now owns 69,852 shares in the company, valued at approximately $13,876,798.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Thomas Michael Kane sold 3,071 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $190.08, for a total value of $583,735.68. The disclosure for this sale can be found here. Insiders have sold a total of 30,551 shares of company stock valued at $6,007,002 in the last 90 days. Insiders own 15.80% of the company’s stock.



A number of equities research analysts have weighed in on STZ shares. Zacks Investment Research lowered Constellation Brands from a “hold” rating to a “sell” rating in a research note on Monday, January 14th. Jefferies Financial Group restated a “buy” rating and set a $258.00 price objective on shares of Constellation Brands in a research note on Wednesday, January 16th. Atlantic Securities started coverage on Constellation Brands in a research note on Monday, January 21st. They set an “overweight” rating and a $227.00 price objective for the company. Morgan Stanley set a $233.00 price objective on Constellation Brands and gave the company a “buy” rating in a research note on Thursday, February 14th. Finally, Credit Suisse Group started coverage on Constellation Brands in a research note on Wednesday, March 6th. They set an “outperform” rating and a $230.00 price objective for the company. Eleven equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $223.13.

Shares of STZ opened at $201.06 on Tuesday. The company has a market capitalization of $38.63 billion, a PE ratio of 21.67, a PEG ratio of 2.76 and a beta of 0.54. The company has a quick ratio of 0.49, a current ratio of 1.16 and a debt-to-equity ratio of 0.92. Constellation Brands, Inc. has a 52 week low of $150.37 and a 52 week high of $234.26.

Constellation Brands (NYSE:STZ) last issued its earnings results on Thursday, April 4th. The company reported $1.84 EPS for the quarter, topping the consensus estimate of $1.72 by $0.12. The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.73 billion. Constellation Brands had a return on equity of 15.63% and a net margin of 38.67%. The business’s revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.90 EPS. Equities analysts expect that Constellation Brands, Inc. will post 8.51 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $3.00 dividend on an annualized basis and a yield of 1.49%. This is a positive change from Constellation Brands’s previous quarterly dividend of $0.74. Constellation Brands’s payout ratio is currently 10.02%.

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Constellation Brands Company Profile

Constellation Brands, Inc, together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. It provides beer primarily under the Corona Extra, Corona Light, Corona Premier, Corona Familiar Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Four Corners, and Ballast Point brands.

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Institutional Ownership by Quarter for Constellation Brands (NYSE:STZ)

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