Los Angeles Capital Management LLC Has $961,000 Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

Los Angeles Capital Management LLC decreased its position in Constellation Brands, Inc. (NYSE:STZ) by 96.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,976 shares of the company’s stock after selling 105,568 shares during the period. Los Angeles Capital Management LLC’s holdings in Constellation Brands were worth $961,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in STZ. BKM Wealth Management LLC bought a new stake in shares of Constellation Brands in the fourth quarter worth about $28,000. Asset Dedication LLC raised its holdings in Constellation Brands by 3,833.3% during the 3rd quarter. Asset Dedication LLC now owns 118 shares of the company’s stock worth $30,000 after buying an additional 115 shares during the period. Turtle Creek Wealth Advisors LLC bought a new position in Constellation Brands in the fourth quarter valued at approximately $37,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Constellation Brands in the third quarter valued at approximately $41,000. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Constellation Brands during the fourth quarter worth $45,000. Institutional investors own 77.34% of the company’s stock.

Insider Buying and Selling at Constellation Brands

In related news, EVP James A. Jr. Sabia sold 15,781 shares of Constellation Brands stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $263.63, for a total value of $4,160,345.03. Following the transaction, the executive vice president now directly owns 20,910 shares of the company’s stock, valued at $5,512,503.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Michael Mcgrew sold 3,237 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $255.50, for a total transaction of $827,053.50. Following the completion of the sale, the executive vice president now directly owns 1,731 shares in the company, valued at approximately $442,270.50. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP James A. Jr. Sabia sold 15,781 shares of the firm’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $263.63, for a total value of $4,160,345.03. Following the completion of the sale, the executive vice president now directly owns 20,910 shares in the company, valued at $5,512,503.30. The disclosure for this sale can be found here. Insiders have sold a total of 23,031 shares of company stock valued at $6,043,821 in the last ninety days. 16.19% of the stock is currently owned by company insiders.

Constellation Brands Stock Up 0.9 %

STZ opened at $260.70 on Friday. The stock’s fifty day simple moving average is $261.48 and its 200 day simple moving average is $249.30. Constellation Brands, Inc. has a 1-year low of $223.01 and a 1-year high of $274.87. The stock has a market cap of $47.70 billion, a PE ratio of 27.79, a price-to-earnings-growth ratio of 1.73 and a beta of 1.75. The company has a current ratio of 1.19, a quick ratio of 0.53 and a debt-to-equity ratio of 1.06.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Thursday, April 11th. The company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.16. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.09 billion. Constellation Brands had a net margin of 16.13% and a return on equity of 23.06%. The company’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.98 earnings per share. As a group, research analysts expect that Constellation Brands, Inc. will post 13.51 earnings per share for the current year.

Constellation Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 3rd will be paid a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 1.55%. This is an increase from Constellation Brands’s previous quarterly dividend of $0.89. The ex-dividend date is Thursday, May 2nd. Constellation Brands’s dividend payout ratio is presently 43.07%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Evercore ISI boosted their price objective on shares of Constellation Brands from $300.00 to $310.00 and gave the company an “outperform” rating in a research report on Friday, April 12th. Jefferies Financial Group upped their price objective on Constellation Brands from $292.00 to $314.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. UBS Group increased their price objective on Constellation Brands from $312.00 to $320.00 and gave the stock a “buy” rating in a report on Friday, April 12th. HSBC boosted their target price on Constellation Brands from $290.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $305.00 price target on shares of Constellation Brands in a research note on Friday, April 12th. Three research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $298.55.

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.