Stableford Capital II LLC Buys 5,560 Shares of Constellation Brands Inc $STZ

Key Points

• Stableford Capital II LLC increased its stake in Constellation Brands by 86.4%, acquiring an additional 5,560 shares, bringing its total holdings to 11,994 shares valued at approximately $2.1 million.
• Constellation Brands recently announced a quarterly dividend of $1.02, with an annualized yield of 2.9%, reflecting a payout ratio of 59.56%.
• Recent target price adjustments from various analysts have seen estimates for Constellation Brands stock drop, with notable cuts from Morgan Stanley and Deutsche Bank, setting their new target prices at $160.00 and $158.00, respectively.

Stableford Capital II LLC raised its stake in Constellation Brands Inc (NYSE:STZ - Free Report) by 86.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,994 shares of the company's stock after acquiring an additional 5,560 shares during the quarter. Constellation Brands comprises approximately 0.8% of Stableford Capital II LLC's investment portfolio, making the stock its 28th biggest holding. Stableford Capital II LLC's holdings in Constellation Brands were worth $2,105,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of STZ. Brighton Jones LLC lifted its holdings in Constellation Brands by 23.0% during the 4th quarter. Brighton Jones LLC now owns 1,001 shares of the company's stock worth $221,000 after buying an additional 187 shares in the last quarter. Grove Bank & Trust raised its position in shares of Constellation Brands by 28.7% during the first quarter. Grove Bank & Trust now owns 3,369 shares of the company's stock worth $618,000 after acquiring an additional 752 shares during the last quarter. Inscription Capital LLC acquired a new position in shares of Constellation Brands during the first quarter valued at $335,000. Insigneo Advisory Services LLC bought a new position in Constellation Brands in the first quarter valued at about $203,000. Finally, Rakuten Securities Inc. increased its position in Constellation Brands by 805.0% in 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. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Constellation Brands Price Performance

STZ opened at $139.01 on Thursday. The company has a quick ratio of 0.54, a current ratio of 1.08 and a debt-to-equity ratio of 1.26. Constellation Brands Inc has a 12 month low of $131.20 and a 12 month high of $245.31. The company has a fifty day simple moving average of $149.01 and a 200 day simple moving average of $167.29. The stock has a market cap of $24.51 billion, a P/E ratio of 20.29, a P/E/G ratio of 0.42 and a beta of 0.66.

Constellation Brands (NYSE:STZ - Get Free Report) last posted its earnings results on Thursday, February 23rd. The company reported $3.12 earnings per share for the quarter. Constellation Brands had a return on equity of 29.82% and a net margin of 11.88%.The firm had revenue of $2.32 billion for the quarter. On average, research analysts expect that Constellation Brands Inc will post 13.5 EPS for the current year.

Constellation Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 13th. Investors of record on Thursday, October 30th will be given a $1.02 dividend. The ex-dividend date is Thursday, October 30th. This represents a $4.08 annualized dividend and a dividend yield of 2.9%. Constellation Brands's payout ratio is currently 59.56%.

Insider Transactions at Constellation Brands

In other Constellation Brands news, EVP James O. Bourdeau sold 821 shares of the firm's stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $169.00, for a total transaction of $138,749.00. Following the sale, the executive vice president directly owned 9,438 shares in the company, valued at approximately $1,595,022. This trade represents a 8.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 12.45% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on STZ shares. Morgan Stanley cut their target price on shares of Constellation Brands from $176.00 to $160.00 and set an "equal weight" rating on the stock in a research report on Tuesday, October 7th. Sanford C. Bernstein cut their price objective on shares of Constellation Brands from $225.00 to $195.00 and set an "outperform" rating on the stock in a report on Thursday, September 4th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Constellation Brands from $182.00 to $158.00 and set a "hold" rating for the company in a report on Wednesday, September 3rd. The Goldman Sachs Group dropped their target price on shares of Constellation Brands from $196.00 to $168.00 and set a "buy" rating for the company in a research report on Thursday, October 2nd. Finally, Cowen restated a "hold" rating on shares of Constellation Brands in a research report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have given a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $186.44.

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.

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