Wealthcare Advisory Partners LLC Decreases Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

Wealthcare Advisory Partners LLC reduced its stake in Constellation Brands, Inc. (NYSE:STZ - Free Report) by 55.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,881 shares of the company's stock after selling 2,317 shares during the period. Wealthcare Advisory Partners LLC's holdings in Constellation Brands were worth $345,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mainstream Capital Management LLC acquired a new stake in Constellation Brands during the 4th quarter worth $25,000. SBI Securities Co. Ltd. acquired a new stake in Constellation Brands in the fourth quarter valued at $26,000. Compagnie Lombard Odier SCmA purchased a new stake in Constellation Brands during the fourth quarter worth about $27,000. Union Bancaire Privee UBP SA purchased a new stake in shares of Constellation Brands during the 4th quarter worth approximately $28,000. Finally, Minot DeBlois Advisors LLC acquired a new stake in Constellation Brands in the fourth quarter valued at $29,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Constellation Brands

In related news, EVP Samuel J. Glaetzer sold 3,150 shares of Constellation Brands stock in a transaction on 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 now directly owns 3,126 shares in the company, valued at $589,376.04. The trade was a 50.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 12.19% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on STZ shares. Morgan Stanley cut their price objective on 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. DA Davidson lowered their target price on shares of Constellation Brands from $272.00 to $241.00 in a report on Friday, April 11th. Roth Mkm cut their price objective on Constellation Brands from $284.00 to $256.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Wall Street Zen raised shares of Constellation Brands from a "sell" rating to a "hold" rating in a research report on Tuesday, May 20th. Finally, Roth Capital lowered their price objective on shares of Constellation Brands from $256.00 to $239.00 and set a "buy" rating for the company in a research report on Tuesday, May 20th. Eleven investment 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, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $220.00.

Constellation Brands Stock Performance

Shares of STZ stock opened at $164.69 on Friday. The company has a market cap of $29.32 billion, a P/E ratio of 44.27, a PEG ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a 52 week low of $160.46 and a 52 week high of $265.70. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. The business has a 50 day moving average of $183.21 and a two-hundred day moving average of $190.99.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its quarterly earnings data on Wednesday, April 9th. The company reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.28 by $0.35. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same period last year, the firm posted $2.26 EPS. Constellation Brands's quarterly revenue was up 1.2% compared to the same quarter last year. As a group, analysts anticipate that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Tuesday, April 29th were issued a dividend of $1.02 per share. This is a boost from Constellation Brands's previous quarterly dividend of $1.01. The ex-dividend date was Tuesday, April 29th. This represents a $4.08 annualized dividend and a yield of 2.48%. Constellation Brands's payout ratio is presently -800.00%.

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.

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