Larson Financial Group LLC Purchases 3,337 Shares of Constellation Brands Inc (NYSE:STZ)

Larson Financial Group LLC lifted its position in Constellation Brands Inc (NYSE:STZ - Free Report) by 4,700.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,408 shares of the company's stock after buying an additional 3,337 shares during the quarter. Larson Financial Group LLC's holdings in Constellation Brands were worth $625,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Minot DeBlois Advisors LLC acquired a new stake in Constellation Brands in the fourth quarter valued at $29,000. Optiver Holding B.V. bought a new stake in shares of Constellation Brands in the 4th quarter valued at about $31,000. Laurel Wealth Advisors LLC acquired a new stake in Constellation Brands in the 1st quarter valued at about $32,000. Rakuten Securities Inc. grew its holdings in Constellation Brands by 805.0% during the first quarter. Rakuten Securities Inc. now owns 181 shares of the company's stock worth $33,000 after purchasing an additional 161 shares during the period. Finally, Fourth Dimension Wealth LLC bought a new position in Constellation Brands during the fourth quarter worth about $44,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on STZ. Raymond James Financial raised Constellation Brands to a "strong-buy" rating in a research report on Monday, July 7th. Royal Bank Of Canada cut their price target on Constellation Brands from $289.00 to $233.00 and set an "outperform" rating for the company in a report on Monday, April 14th. BMO Capital Markets reduced their price objective on shares of Constellation Brands from $260.00 to $215.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. UBS Group increased their price objective on shares of Constellation Brands from $195.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Constellation Brands from $170.00 to $182.00 and gave the stock a "neutral" rating in a report on Thursday, July 3rd. Eleven research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $213.74.

Constellation Brands Price Performance

Constellation Brands stock traded down $0.80 during trading hours on Friday, reaching $170.72. 1,911,310 shares of the stock were exchanged, compared to its average volume of 2,525,452. The company has a current ratio of 1.07, a quick ratio of 0.68 and a debt-to-equity ratio of 1.30. Constellation Brands Inc has a twelve month low of $159.35 and a twelve month high of $261.06. The company has a market cap of $30.10 billion, a P/E ratio of -71.43, a price-to-earnings-growth ratio of 10.18 and a beta of 0.67. The stock has a 50 day moving average of $173.86 and a two-hundred day moving average of $180.18.

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 for the quarter, missing analysts' consensus estimates of $3.45 by ($0.23). The firm had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.57 billion. Constellation Brands had a positive return on equity of 31.41% and a negative net margin of 4.11%. The business's revenue was down 5.5% on a year-over-year basis. During the same period last year, the company posted $3.57 EPS. Equities analysts expect that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Wednesday, July 30th will be given a dividend of $1.02 per share. The ex-dividend date is Wednesday, July 30th. This represents a $4.08 annualized dividend and a dividend yield of 2.39%. Constellation Brands's dividend payout ratio is currently -170.71%.

Insiders Place Their Bets

In other Constellation Brands news, EVP Samuel J. Glaetzer sold 3,150 shares of Constellation Brands 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 transaction, the executive vice president owned 3,126 shares in the company, valued at $589,376.04. The trade was a 50.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 12.45% of the stock is owned by company insiders.

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.