Rehmann Capital Advisory Group Buys Shares of 3,478 Constellation Brands, Inc. (NYSE:STZ)

Rehmann Capital Advisory Group bought a new position in Constellation Brands, Inc. (NYSE:STZ - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,478 shares of the company's stock, valued at approximately $928,000.

A number of other institutional investors also recently made changes to their positions in STZ. New Millennium Group LLC purchased a new stake in shares of Constellation Brands during the second quarter worth about $25,000. Horizon Bancorp Inc. IN bought a new stake in shares of Constellation Brands in the 2nd quarter worth approximately $32,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Constellation Brands during the second quarter valued at approximately $36,000. Wellington Shields & Co. LLC raised its holdings in Constellation Brands by 50.0% in the 2nd quarter. Wellington Shields & Co. LLC now owns 150 shares of the company's stock worth $39,000 after purchasing an additional 50 shares in the last quarter. Finally, Eastern Bank bought a new position in Constellation Brands in the third quarter worth about $39,000. Hedge funds and other institutional investors own 77.34% of the company's stock.

Insiders Place Their Bets

In other Constellation Brands news, EVP Samuel J. Glaetzer sold 1,510 shares of the company's stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $245.57, for a total value of $370,810.70. Following the sale, the executive vice president now owns 4,970 shares in the company, valued at approximately $1,220,482.90. This represents a 23.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Wildstar Partners Llc sold 660 shares of the 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 directly owns 1,736,884 shares in the company, valued at approximately $418,589,044. The trade was a 0.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 189,956 shares of company stock valued at $46,058,091. 12.19% of the stock is currently owned by insiders.

Constellation Brands Stock Down 0.2 %

Shares of NYSE:STZ traded down $0.45 on Thursday, reaching $239.44. The company had a trading volume of 1,214,750 shares, compared to its average volume of 1,209,848. The firm has a market capitalization of $43.47 billion, a PE ratio of 77.62, 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. Constellation Brands, Inc. has a 52-week low of $224.76 and a 52-week high of $274.87. The firm's 50 day simple moving average is $239.22 and its 200-day simple moving average is $246.12.

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, topping 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 the consensus estimate of $2.95 billion. During the same period in the previous year, the company posted $3.70 earnings per share. The firm's revenue was up 2.9% on a year-over-year basis. As a group, analysts expect that Constellation Brands, Inc. will post 13.57 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Tuesday, November 5th were paid a $1.01 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $4.04 annualized dividend and a yield of 1.69%. Constellation Brands's dividend payout ratio (DPR) is 130.74%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on STZ shares. Roth Mkm restated a "buy" rating and set a $298.00 price target on shares of Constellation Brands in a research report on Friday, October 4th. BMO Capital Markets dropped their target price on shares of Constellation Brands from $315.00 to $305.00 and set an "outperform" rating on the stock in a report on Tuesday, October 15th. Barclays decreased their price target 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. Royal Bank of Canada reissued an "outperform" rating and set a $308.00 price objective on shares of Constellation Brands in a research note on Tuesday, November 19th. Finally, Morgan Stanley decreased their target price on shares of Constellation Brands from $305.00 to $280.00 and set an "overweight" rating for the company in a research note on Monday, August 26th. Five analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $288.70.

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.