Marion Wealth Management Purchases 193 Shares of Constellation Brands, Inc. (NYSE:STZ)

Marion Wealth Management increased its position in Constellation Brands, Inc. (NYSE:STZ) by 3.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 5,747 shares of the company’s stock after buying an additional 193 shares during the period. Marion Wealth Management’s holdings in Constellation Brands were worth $1,270,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Miracle Mile Advisors LLC bought a new stake in Constellation Brands during the 4th quarter valued at approximately $4,239,000. Wedmont Private Capital grew its holdings in Constellation Brands by 32.8% during the 4th quarter. Wedmont Private Capital now owns 2,671 shares of the company’s stock valued at $590,000 after buying an additional 660 shares in the last quarter. Brookstone Capital Management raised its position in shares of Constellation Brands by 5.8% during the fourth quarter. Brookstone Capital Management now owns 16,654 shares of the company’s stock valued at $3,681,000 after buying an additional 920 shares during the last quarter. Crescent Sterling Ltd. lifted its holdings in shares of Constellation Brands by 28.1% in the fourth quarter. Crescent Sterling Ltd. now owns 5,747 shares of the company’s stock worth $1,270,000 after buying an additional 1,259 shares in the last quarter. Finally, Czech National Bank boosted its position in shares of Constellation Brands by 6.1% during the fourth quarter. Czech National Bank now owns 33,851 shares of the company’s stock worth $7,481,000 after acquiring an additional 1,933 shares during the last quarter. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Constellation Brands Stock Up 2.2 %

NYSE:STZ traded up $4.03 during midday trading on Monday, reaching $185.84. 5,460,510 shares of the stock traded hands, compared to its average volume of 3,255,860. The stock has a market capitalization of $33.74 billion, a PE ratio of 60.14, a price-to-earnings-growth ratio of 1.69 and a beta of 1.75. Constellation Brands, Inc. has a 12-month low of $176.51 and a 12-month high of $274.87. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.53 and a current ratio of 1.25. The business has a 50-day moving average of $231.88 and a two-hundred day moving average of $241.28.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.08). Constellation Brands had a net margin of 5.29% and a return on equity of 25.34%. The business had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.53 billion. During the same quarter in the prior year, the company posted $3.19 EPS. The business’s revenue for the quarter was down .3% on a year-over-year basis. On average, equities analysts forecast that Constellation Brands, Inc. will post 13.57 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend is Friday, February 7th. Constellation Brands’s dividend payout ratio is presently 130.74%.

Insider Activity

In other news, EVP James A. Jr. Sabia sold 36,086 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $242.99, for a total value of $8,768,537.14. Following the completion of the transaction, the executive vice president now directly owns 16,042 shares in the company, valued at $3,898,045.58. This trade represents a 69.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Wildstar Partners Llc sold 660 shares of Constellation Brands stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total value of $159,060.00. Following the sale, the insider now directly owns 1,736,884 shares of the company’s stock, valued at $418,589,044. This trade represents a 0.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 188,446 shares of company stock worth $45,687,281 over the last 90 days. 12.19% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

STZ has been the topic of several research analyst reports. TD Cowen decreased their price target on shares of Constellation Brands from $270.00 to $260.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Roth Mkm reaffirmed a “buy” rating and set a $298.00 price target on shares of Constellation Brands in a research note on Friday, October 4th. Royal Bank of Canada reissued an “outperform” rating and issued a $308.00 price objective on shares of Constellation Brands in a research note on Tuesday, January 7th. Wells Fargo & Company decreased their target price on shares of Constellation Brands from $295.00 to $275.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Finally, Morgan Stanley cut their price target on shares of Constellation Brands from $280.00 to $220.00 and set an “overweight” rating on the stock in a report on Monday. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Constellation Brands presently has a consensus rating of “Moderate Buy” and an average price target of $268.05.

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.