Executive Wealth Management LLC Acquires 2,060 Shares of Constellation Brands, Inc. (NYSE:STZ)

Executive Wealth Management LLC raised its position in Constellation Brands, Inc. (NYSE:STZ - Free Report) by 18.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,985 shares of the company's stock after acquiring an additional 2,060 shares during the quarter. Executive Wealth Management LLC's holdings in Constellation Brands were worth $3,346,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of STZ. New Millennium Group LLC purchased a new position in shares of Constellation Brands in the second quarter valued at about $25,000. Horizon Bancorp Inc. IN purchased a new position in shares of Constellation Brands during the second quarter valued at about $32,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Constellation Brands during the second quarter valued at about $36,000. Wellington Shields & Co. LLC increased its position in shares of Constellation Brands by 50.0% during the second quarter. Wellington Shields & Co. LLC now owns 150 shares of the company's stock valued at $39,000 after buying an additional 50 shares during the period. Finally, Eastern Bank purchased a new position in shares of Constellation Brands during the third quarter valued at about $39,000. Hedge funds and other institutional investors own 77.34% of the company's stock.

Insider Buying and Selling at Constellation Brands

In other news, EVP Samuel J. Glaetzer sold 1,510 shares of the stock in a transaction on Monday, October 14th. The shares were sold at an average price of $245.57, for a total value of $370,810.70. Following the completion of the sale, the executive vice president now directly owns 4,970 shares of the company's stock, valued at $1,220,482.90. This represents a 23.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO William A. Newlands sold 25,000 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $243.58, for a total transaction of $6,089,500.00. Following the completion of the sale, the chief executive officer now directly owns 7,274 shares of the company's stock, valued at approximately $1,771,800.92. This trade represents a 77.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 189,956 shares of company stock valued at $46,058,091. Insiders own 12.19% of the company's stock.

Constellation Brands Stock Performance

STZ stock traded down $1.71 during midday trading on Tuesday, reaching $242.60. 1,035,089 shares of the company's stock traded hands, compared to its average volume of 1,208,367. Constellation Brands, Inc. has a 52-week low of $224.76 and a 52-week high of $274.87. The stock has a market cap of $44.05 billion, a P/E ratio of 78.51, a PEG ratio of 1.69 and a beta of 1.75. The company has a current ratio of 1.25, a quick ratio of 0.53 and a debt-to-equity ratio of 1.31. The stock's 50-day moving average is $239.83 and its 200 day moving average is $246.21.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its earnings results on Thursday, October 3rd. The company reported $4.32 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 during the quarter, compared to analysts' expectations of $2.95 billion. During the same period in the prior year, the company earned $3.70 earnings per share. The firm's revenue was up 2.9% on a year-over-year basis. As a group, analysts anticipate that Constellation Brands, Inc. will post 13.57 EPS for the current year.

Constellation Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Tuesday, November 5th were issued a dividend of $1.01 per share. The ex-dividend date was Tuesday, November 5th. This represents a $4.04 dividend on an annualized basis and a yield of 1.67%. Constellation Brands's dividend payout ratio is currently 130.74%.

Wall Street Analyst Weigh In

STZ has been the topic of several research analyst reports. BMO Capital Markets reduced their price target on shares of Constellation Brands from $315.00 to $305.00 and set an "outperform" rating on the stock in a research report on Tuesday, October 15th. Wells Fargo & Company dropped their price objective on shares of Constellation Brands from $300.00 to $295.00 and set an "overweight" rating on the stock in a research note on Tuesday, November 26th. BNP Paribas assumed coverage on shares of Constellation Brands in a research note on Monday, November 25th. They set a "neutral" rating and a $261.00 price objective on the stock. Needham & Company LLC assumed coverage on shares of Constellation Brands in a research note on Friday. They set a "buy" rating and a $280.00 price objective on the stock. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Constellation Brands from $307.00 to $293.00 and set an "overweight" rating on the stock in a research note on Friday, October 4th. Five research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $288.70.

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.