Mirabella Financial Services LLP Makes New Investment in Constellation Brands, Inc. (NYSE:STZ)

Mirabella Financial Services LLP acquired a new position in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,872 shares of the company's stock, valued at approximately $1,255,000.

Other hedge funds also recently bought and sold shares of the company. Oakworth Capital Inc. boosted its stake in Constellation Brands by 4.4% in the 3rd quarter. Oakworth Capital Inc. now owns 989 shares of the company's stock worth $255,000 after buying an additional 42 shares during the last quarter. PFG Investments LLC boosted its holdings in Constellation Brands by 3.8% in the third quarter. PFG Investments LLC now owns 1,150 shares of the company's stock valued at $296,000 after acquiring an additional 42 shares during the last quarter. Brighton Jones LLC grew its position in Constellation Brands by 4.7% during the second quarter. Brighton Jones LLC now owns 950 shares of the company's stock valued at $244,000 after acquiring an additional 43 shares during the period. Industrial Alliance Investment Management Inc. increased its stake in Constellation Brands by 4.4% during the first quarter. Industrial Alliance Investment Management Inc. now owns 1,049 shares of the company's stock worth $285,000 after acquiring an additional 44 shares during the last quarter. Finally, Burns Matteson Capital Management LLC lifted its stake in shares of Constellation Brands by 1.5% during the second quarter. Burns Matteson Capital Management LLC now owns 2,910 shares of the company's stock worth $749,000 after purchasing an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 77.34% of the company's stock.

Analyst Ratings Changes

STZ has been the subject of several analyst reports. Barclays decreased their target price on shares of Constellation Brands from $309.00 to $300.00 and set an "overweight" rating for the company in a research note on Monday, October 7th. TD Cowen downgraded shares of Constellation Brands from a "buy" rating to a "hold" rating and cut their price objective for the company from $300.00 to $270.00 in a research report on Tuesday, October 8th. UBS Group decreased their target price on shares of Constellation Brands from $320.00 to $295.00 and set a "buy" rating for the company in a research report on Monday, September 9th. JPMorgan Chase & Co. reduced their price objective on shares of Constellation Brands from $307.00 to $293.00 and set an "overweight" rating for the company in a research note on Friday, October 4th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $308.00 price target on shares of Constellation Brands in a report on Tuesday, November 19th. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Constellation Brands presently has a consensus rating of "Moderate Buy" and an average target price of $288.83.

Constellation Brands Stock Up 0.8 %

STZ traded up $2.01 during trading on Monday, reaching $241.67. The company had a trading volume of 1,491,669 shares, compared to its average volume of 1,202,563. The company has a market cap of $43.88 billion, a P/E ratio of 77.92, a PEG ratio of 1.69 and a beta of 1.75. Constellation Brands, Inc. has a 12 month low of $224.76 and a 12 month high of $274.87. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.25 and a quick ratio of 0.53. The business's fifty day moving average price is $243.04 and its 200 day moving average price is $247.41.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its earnings results on Thursday, October 3rd. The company reported $4.32 earnings per share for the quarter, topping analysts' consensus estimates of $4.08 by $0.24. The firm had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.95 billion. Constellation Brands had a net margin of 5.29% and a return on equity of 25.34%. The company's revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business earned $3.70 EPS. Equities analysts anticipate that Constellation Brands, Inc. will post 13.57 EPS for the current year.

Constellation Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Tuesday, November 5th were issued a $1.01 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.67%. Constellation Brands's dividend payout ratio (DPR) is presently 130.74%.

Insider Transactions at Constellation Brands

In related news, major shareholder Wildstar Partners Llc sold 660 shares of the company's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total transaction of $159,060.00. Following the sale, the insider now owns 1,736,884 shares in the company, valued at approximately $418,589,044. This represents a 0.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP James A. Jr. Sabia sold 36,086 shares of the firm's stock in a transaction that occurred on Thursday, November 14th. The shares were 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 owns 16,042 shares of the company's stock, valued at approximately $3,898,045.58. This represents a 69.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 189,956 shares of company stock valued at $46,058,091 over the last 90 days. 12.19% of the stock is owned by corporate insiders.

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.