Lenox Wealth Management Inc. Invests $25,000 in Constellation Brands, Inc. (NYSE:STZ)

Lenox Wealth Management Inc. purchased a new position in shares of Constellation Brands, Inc. (NYSE:STZ) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 123 shares of the company’s stock, valued at approximately $25,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Constellation Brands by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 12,137,423 shares of the company’s stock worth $2,390,344,000 after acquiring an additional 122,268 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Constellation Brands by 65.0% during the 2nd quarter. Bank of America Corp DE now owns 3,543,690 shares of the company’s stock worth $697,895,000 after acquiring an additional 1,395,888 shares in the last quarter. Jennison Associates LLC grew its stake in shares of Constellation Brands by 120.4% during the 2nd quarter. Jennison Associates LLC now owns 2,727,160 shares of the company’s stock worth $537,087,000 after acquiring an additional 1,490,064 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Constellation Brands by 11.4% during the 2nd quarter. Janus Henderson Group PLC now owns 2,363,365 shares of the company’s stock worth $465,445,000 after acquiring an additional 242,621 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Constellation Brands by 68.1% during the 2nd quarter. Invesco Ltd. now owns 1,552,996 shares of the company’s stock worth $305,847,000 after acquiring an additional 629,124 shares in the last quarter. 71.61% of the stock is owned by institutional investors.

STZ stock traded down $1.25 during midday trading on Tuesday, reaching $183.27. 35,116 shares of the company were exchanged, compared to its average volume of 862,307. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.61 and a quick ratio of 1.01. The business has a 50-day moving average price of $196.27 and a two-hundred day moving average price of $197.94. Constellation Brands, Inc. has a one year low of $150.37 and a one year high of $214.48. The firm has a market capitalization of $35.94 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 2.81 and a beta of 0.67.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Thursday, October 3rd. The company reported $2.72 EPS for the quarter, topping the Zacks’ consensus estimate of $2.60 by $0.12. Constellation Brands had a net margin of 8.59% and a return on equity of 14.66%. The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the previous year, the business posted $2.87 earnings per share. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, analysts anticipate that Constellation Brands, Inc. will post 8.45 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $3.00 dividend on an annualized basis and a yield of 1.64%. Constellation Brands’s dividend payout ratio (DPR) is 32.33%.

In other Constellation Brands news, major shareholder Richard Sands sold 95,521 shares of Constellation Brands stock in a transaction on Friday, August 30th. The shares were sold at an average price of $204.57, for a total transaction of $19,540,730.97. Following the completion of the transaction, the insider now directly owns 173,379 shares of the company’s stock, valued at $35,468,142.03. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 15.86% of the company’s stock.

Several equities analysts recently weighed in on the stock. OTR Global raised shares of Constellation Brands to a “positive” rating in a research note on Friday, September 27th. TheStreet cut shares of Constellation Brands from a “b” rating to a “c+” rating in a research note on Thursday, October 3rd. Argus raised their target price on shares of Constellation Brands to $230.00 and gave the company a “buy” rating in a research note on Monday, October 7th. HSBC set a $235.00 target price on shares of Constellation Brands and gave the company a “buy” rating in a research note on Tuesday, September 17th. Finally, Zacks Investment Research raised shares of Constellation Brands from a “sell” rating to a “hold” rating and set a $215.00 target price for the company in a research note on Monday, September 23rd. Ten research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Constellation Brands presently has a consensus rating of “Buy” and an average target price of $223.76.

About Constellation Brands

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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