Continuum Advisory LLC Buys 102 Shares of Constellation Brands, Inc. (NYSE:STZ)

Continuum Advisory LLC increased its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 68.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 252 shares of the company’s stock after acquiring an additional 102 shares during the period. Continuum Advisory LLC’s holdings in Constellation Brands were worth $61,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of STZ. Roffman Miller Associates Inc. PA grew its position in shares of Constellation Brands by 1.1% in the 3rd quarter. Roffman Miller Associates Inc. PA now owns 31,892 shares of the company’s stock valued at $8,218,000 after acquiring an additional 339 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake in Constellation Brands by 3.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 84,204 shares of the company’s stock valued at $21,699,000 after purchasing an additional 2,980 shares during the last quarter. MML Investors Services LLC grew its holdings in Constellation Brands by 127.1% during the third quarter. MML Investors Services LLC now owns 54,207 shares of the company’s stock worth $13,968,000 after purchasing an additional 30,333 shares during the period. First National Bank of Omaha increased its position in Constellation Brands by 20.3% during the third quarter. First National Bank of Omaha now owns 13,859 shares of the company’s stock worth $3,571,000 after buying an additional 2,334 shares during the last quarter. Finally, World Investment Advisors LLC raised its stake in Constellation Brands by 4,601.2% in the third quarter. World Investment Advisors LLC now owns 87,771 shares of the company’s stock valued at $22,618,000 after buying an additional 85,904 shares during the period. 77.34% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Constellation Brands

In other Constellation Brands news, Director Robert Sands sold 119,274 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $242.37, for a total value of $28,908,439.38. Following the sale, the director now owns 431,729 shares in the company, valued at $104,638,157.73. This trade represents a 21.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO William A. Newlands sold 7,426 shares of the business’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $237.24, for a total transaction of $1,761,744.24. Following the sale, the chief executive officer now directly owns 7,274 shares in the company, valued at approximately $1,725,683.76. The trade was a 50.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 189,956 shares of company stock valued at $46,058,091 over the last ninety days. 12.19% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

STZ has been the subject of several research analyst reports. Needham & Company LLC started coverage on Constellation Brands in a research note on Friday, December 6th. They set a “buy” rating and a $280.00 target price for the company. Roth Mkm reaffirmed a “buy” rating and set a $298.00 price objective on shares of Constellation Brands in a research report 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 report on Tuesday, November 19th. Evercore ISI reduced their target price on shares of Constellation Brands from $310.00 to $300.00 and set an “outperform” rating for the company in a report on Friday, October 4th. Finally, Bank of America reissued a “neutral” rating and issued a $255.00 price target (down from $300.00) on shares of Constellation Brands in a report on Monday, October 7th. Five analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $288.70.

Constellation Brands Trading Down 0.2 %

Shares of Constellation Brands stock opened at $239.44 on Friday. The firm’s 50-day moving average price is $239.22 and its two-hundred day moving average price is $246.12. The company has a market capitalization of $43.47 billion, a price-to-earnings ratio of 77.62, a PEG ratio of 1.69 and a beta of 1.75. The company has a quick ratio of 0.53, a current ratio of 1.25 and a debt-to-equity ratio of 1.31. Constellation Brands, Inc. has a 12-month low of $224.76 and a 12-month high of $274.87.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Thursday, October 3rd. The company reported $4.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.08 by $0.24. Constellation Brands had a net margin of 5.29% and a return on equity of 25.34%. The business had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.95 billion. During the same period last year, the firm posted $3.70 earnings per share. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, analysts forecast that Constellation Brands, Inc. will post 13.57 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Tuesday, November 5th were given a dividend of $1.01 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $4.04 annualized dividend and a dividend yield of 1.69%. Constellation Brands’s dividend payout ratio is currently 130.74%.

Constellation Brands 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.