TCG Advisory Services LLC Makes New Investment in Constellation Brands, Inc. (NYSE:STZ)

TCG Advisory Services LLC bought a new position in Constellation Brands, Inc. (NYSE:STZ - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 35,509 shares of the company's stock, valued at approximately $8,584,000.

Several other institutional investors have also recently made changes to their positions in STZ. BKM Wealth Management LLC bought a new stake in Constellation Brands during the 4th quarter worth approximately $28,000. Asset Dedication LLC raised its stake in Constellation Brands by 3,833.3% during the 3rd quarter. Asset Dedication LLC now owns 118 shares of the company's stock worth $30,000 after acquiring an additional 115 shares during the period. Turtle Creek Wealth Advisors LLC bought a new stake in Constellation Brands during the 4th quarter worth approximately $37,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Constellation Brands during the third quarter valued at approximately $41,000. Finally, Exchange Traded Concepts LLC purchased a new position in shares of Constellation Brands in the fourth quarter worth $45,000. Institutional investors own 77.34% of the company's stock.

Insider Buying and Selling

In other news, CEO William A. Newlands sold 4,013 shares of Constellation Brands stock in a transaction that occurred on Friday, April 19th. The shares were sold at an average price of $263.25, for a total value of $1,056,422.25. Following the transaction, the chief executive officer now owns 5,395 shares of the company's stock, valued at approximately $1,420,233.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Constellation Brands news, EVP James A. Jr. Sabia sold 15,781 shares of the firm's stock in a transaction on Friday, April 12th. The shares were sold at an average price of $263.63, for a total value of $4,160,345.03. Following the completion of the transaction, the executive vice president now owns 20,910 shares of the company's stock, valued at $5,512,503.30. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO William A. Newlands sold 4,013 shares of Constellation Brands stock in a transaction on Friday, April 19th. The stock was sold at an average price of $263.25, for a total transaction of $1,056,422.25. Following the sale, the chief executive officer now owns 5,395 shares of the company's stock, valued at $1,420,233.75. The disclosure for this sale can be found here. 16.19% of the stock is currently owned by company insiders.

Constellation Brands Trading Up 0.8 %

NYSE:STZ traded up $2.00 during midday trading on Friday, hitting $256.08. The stock had a trading volume of 735,854 shares, compared to its average volume of 1,409,209. Constellation Brands, Inc. has a one year low of $221.81 and a one year high of $274.87. The stock has a 50-day moving average of $260.83 and a 200 day moving average of $248.87. The company has a market capitalization of $46.82 billion, a price-to-earnings ratio of 27.30, a PEG ratio of 1.73 and a beta of 0.95. The company has a quick ratio of 0.53, a current ratio of 1.19 and a debt-to-equity ratio of 1.06.

Constellation Brands (NYSE:STZ - Get Free Report) last posted its quarterly earnings results on Thursday, April 11th. The company reported $2.26 EPS for the quarter, beating the consensus estimate of $2.10 by $0.16. The business had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.09 billion. Constellation Brands had a net margin of 16.13% and a return on equity of 23.06%. The company's quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.98 EPS. As a group, sell-side analysts forecast that Constellation Brands, Inc. will post 13.51 EPS for the current year.

Constellation Brands Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be given a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 1.58%. This is a positive change from Constellation Brands's previous quarterly dividend of $0.89. The ex-dividend date is Thursday, May 2nd. Constellation Brands's payout ratio is presently 43.07%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on STZ shares. UBS Group raised their target price on shares of Constellation Brands from $312.00 to $320.00 and gave the company a "buy" rating in a research note on Friday, April 12th. Deutsche Bank Aktiengesellschaft lifted their price objective on Constellation Brands from $256.00 to $262.00 and gave the stock a "hold" rating in a research note on Wednesday, April 10th. Piper Sandler initiated coverage on Constellation Brands in a research report on Friday, March 22nd. They set an "overweight" rating and a $300.00 target price for the company. HSBC boosted their price target on shares of Constellation Brands from $290.00 to $300.00 and gave the stock a "buy" rating in a research report on Friday, April 12th. Finally, Barclays increased their price objective on shares of Constellation Brands from $294.00 to $295.00 and gave the company an "overweight" rating in a research report on Monday, April 15th. Three research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, Constellation Brands has an average rating of "Moderate Buy" and a consensus price target of $298.55.

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.