Constellation Brands, Inc. (NYSE:STZ) Shares Sold by Dover Advisors LLC

Dover Advisors LLC reduced its position in Constellation Brands, Inc. (NYSE:STZ) by 14.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,711 shares of the company’s stock after selling 458 shares during the quarter. Dover Advisors LLC’s holdings in Constellation Brands were worth $655,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in STZ. BKM Wealth Management LLC acquired a new position in Constellation Brands during the fourth quarter worth $28,000. Asset Dedication LLC raised its position in Constellation Brands by 3,833.3% during the third quarter. Asset Dedication LLC now owns 118 shares of the company’s stock worth $30,000 after acquiring an additional 115 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new position in Constellation Brands during the fourth quarter worth $37,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Constellation Brands during the third quarter worth $41,000. Finally, Exchange Traded Concepts LLC acquired a new position in Constellation Brands during the fourth quarter worth $45,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Constellation Brands

In other news, EVP James A. Jr. Sabia sold 15,781 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $263.63, for a total transaction of $4,160,345.03. Following the transaction, the executive vice president now directly owns 20,910 shares in the company, valued at $5,512,503.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, EVP James A. Jr. Sabia sold 15,781 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $263.63, for a total transaction of $4,160,345.03. Following the transaction, the executive vice president now directly owns 20,910 shares in the company, valued at $5,512,503.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO William A. Newlands sold 4,013 shares of the firm’s stock in a transaction that occurred on Friday, April 19th. The stock was sold at an average price of $263.25, for a total transaction of $1,056,422.25. Following the transaction, the chief executive officer now owns 5,395 shares in the company, valued at $1,420,233.75. The disclosure for this sale can be found here. 16.19% of the stock is currently owned by insiders.

Constellation Brands Stock Down 0.6 %

Constellation Brands stock traded down $1.67 during mid-day trading on Friday, hitting $260.04. The company had a trading volume of 700,014 shares, compared to its average volume of 1,410,273. The stock has a market cap of $47.54 billion, a price-to-earnings ratio of 27.72, a PEG ratio of 1.76 and a beta of 1.75. Constellation Brands, Inc. has a 1 year low of $221.81 and a 1 year high of $274.87. The company has a quick ratio of 0.53, a current ratio of 1.19 and a debt-to-equity ratio of 1.06. The business has a fifty day moving average of $259.80 and a 200 day moving average of $248.08.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Thursday, April 11th. The company reported $2.26 EPS 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 firm’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.98 earnings per share. On average, sell-side analysts expect that Constellation Brands, Inc. will post 13.51 earnings per share for the current fiscal year.

Constellation Brands Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 3rd will be paid a $1.01 dividend. This is a positive change from Constellation Brands’s previous quarterly dividend of $0.89. This represents a $4.04 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Thursday, May 2nd. Constellation Brands’s dividend payout ratio is currently 43.07%.

Analysts Set New Price Targets

A number of research firms have weighed in on STZ. Evercore ISI upped their price objective on shares of Constellation Brands from $300.00 to $310.00 and gave the stock an “outperform” rating in a research report on Friday, April 12th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Constellation Brands from $256.00 to $262.00 and gave the stock a “hold” rating in a report on Wednesday, April 10th. HSBC upped their target price on shares of Constellation Brands from $290.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Barclays upped their target price on shares of Constellation Brands from $294.00 to $295.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Finally, TheStreet lowered shares of Constellation Brands from a “b” rating to a “c+” rating in a report on Friday, January 5th. Three investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the stock 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 Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Victoria, Vicky Chamoy, and Pacifico brands.