Compass Wealth Management LLC Increases Holdings in Constellation Brands Inc (NYSE:STZ)

Compass Wealth Management LLC grew its stake in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 17.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,643 shares of the company's stock after purchasing an additional 6,436 shares during the quarter. Constellation Brands comprises about 2.0% of Compass Wealth Management LLC's portfolio, making the stock its 6th biggest holding. Compass Wealth Management LLC's holdings in Constellation Brands were worth $8,009,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in shares of Constellation Brands in the 4th quarter valued at about $26,000. Minot DeBlois Advisors LLC acquired a new position in Constellation Brands during the fourth quarter worth approximately $29,000. Optiver Holding B.V. bought a new stake in Constellation Brands in the fourth quarter valued at approximately $31,000. Laurel Wealth Advisors LLC bought a new stake in Constellation Brands in the first quarter valued at approximately $32,000. Finally, Rakuten Securities Inc. lifted its position in shares of Constellation Brands by 805.0% in the first quarter. Rakuten Securities Inc. now owns 181 shares of the company's stock valued at $33,000 after buying an additional 161 shares during the last quarter. Institutional investors own 77.34% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. BMO Capital Markets reduced their target price on Constellation Brands from $260.00 to $215.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. DA Davidson cut their price target on Constellation Brands from $272.00 to $241.00 in a report on Friday, April 11th. Morgan Stanley reduced their price objective on shares of Constellation Brands from $202.00 to $195.00 and set an "equal weight" rating for the company in a research report on Friday, April 11th. Barclays set a $202.00 price objective on shares of Constellation Brands and gave the company an "overweight" rating in a report on Thursday, June 26th. Finally, Roth Mkm cut their target price on shares of Constellation Brands from $284.00 to $256.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. Eleven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $213.35.

Constellation Brands Stock Performance

Shares of STZ traded down $1.26 during mid-day trading on Friday, hitting $172.61. 1,808,258 shares of the company's stock were exchanged, compared to its average volume of 1,910,735. The company has a quick ratio of 0.56, a current ratio of 1.07 and a debt-to-equity ratio of 1.30. Constellation Brands Inc has a 52 week low of $159.35 and a 52 week high of $264.45. The stock's 50-day simple moving average is $177.11 and its 200-day simple moving average is $183.33. The firm has a market cap of $30.73 billion, a price-to-earnings ratio of -72.22, a price-to-earnings-growth ratio of 9.57 and a beta of 0.67.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its quarterly earnings results on Tuesday, July 1st. The company reported $3.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.45 by ($0.23). Constellation Brands had a positive return on equity of 31.41% and a negative net margin of 4.11%. The company had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same period in the prior year, the company earned $3.57 EPS. The company's quarterly revenue was down 5.5% compared to the same quarter last year. On average, equities research analysts expect that Constellation Brands Inc will post 13.5 EPS for the current year.

Constellation Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Wednesday, July 30th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend is Wednesday, July 30th. Constellation Brands's dividend payout ratio (DPR) is currently -170.71%.

Insider Activity at Constellation Brands

In related news, EVP Samuel J. Glaetzer sold 3,150 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $188.54, for a total value of $593,901.00. Following the completion of the transaction, the executive vice president owned 3,126 shares of the company's stock, valued at $589,376.04. The trade was a 50.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 12.45% of the company's stock.

About Constellation Brands

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.