Constellation Brands, Inc. (NYSE:STZ) Shares Acquired by Patton Albertson Miller Group LLC

Patton Albertson Miller Group LLC grew its position in Constellation Brands, Inc. (NYSE:STZ - Free Report) by 23.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,887 shares of the company's stock after purchasing an additional 3,740 shares during the period. Patton Albertson Miller Group LLC's holdings in Constellation Brands were worth $4,808,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Darsana Capital Partners LP increased its holdings in shares of Constellation Brands by 288.9% in the 3rd quarter. Darsana Capital Partners LP now owns 875,000 shares of the company's stock valued at $219,914,000 after acquiring an additional 650,000 shares during the last quarter. International Assets Investment Management LLC grew its stake in Constellation Brands by 24,922.5% during the 4th quarter. International Assets Investment Management LLC now owns 567,010 shares of the company's stock worth $137,075,000 after buying an additional 564,744 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Constellation Brands by 38.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,403,495 shares of the company's stock worth $335,402,000 after buying an additional 388,390 shares during the last quarter. Phoenix Holdings Ltd. grew its stake in Constellation Brands by 38.3% during the 3rd quarter. Phoenix Holdings Ltd. now owns 551,447 shares of the company's stock worth $138,608,000 after buying an additional 152,799 shares during the last quarter. Finally, Trexquant Investment LP bought a new position in Constellation Brands during the 3rd quarter worth $30,640,000. 77.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on STZ. Wedbush reaffirmed an "outperform" rating and set a $300.00 target price on shares of Constellation Brands in a research report on Wednesday, April 10th. Argus upgraded Constellation Brands from a "hold" rating to a "buy" rating and set a $306.00 price objective for the company in a research report on Monday, April 15th. Deutsche Bank Aktiengesellschaft raised their price target on Constellation Brands from $256.00 to $262.00 and gave the stock a "hold" rating in a research note on Wednesday, April 10th. UBS Group raised their price objective on Constellation Brands from $312.00 to $320.00 and gave the company a "buy" rating in a research note on Friday, April 12th. Finally, Royal Bank of Canada raised their price objective on Constellation Brands from $295.00 to $308.00 and gave the company an "outperform" rating in a research note on Friday, April 12th. Three analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. Based on data from MarketBeat, Constellation Brands currently has an average rating of "Moderate Buy" and an average target price of $298.55.

Constellation Brands Stock Up 0.5 %

NYSE STZ traded up $1.24 during trading hours on Friday, hitting $261.94. 503,173 shares of the company traded hands, compared to its average volume of 1,199,712. The business's 50-day moving average is $261.73 and its 200-day moving average is $249.38. Constellation Brands, Inc. has a twelve month low of $223.01 and a twelve month high of $274.87. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.53 and a current ratio of 1.19. The stock has a market capitalization of $47.93 billion, a price-to-earnings ratio of 27.93, a P/E/G ratio of 1.73 and a beta of 1.75.

Constellation Brands (NYSE:STZ - Get Free Report) last issued 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. Constellation Brands had a return on equity of 23.06% and a net margin of 16.13%. The firm had revenue of $2.14 billion during the quarter, compared to analysts' expectations of $2.09 billion. During the same period in the prior year, the firm posted $1.98 earnings per share. The business's quarterly revenue was up 7.1% compared to the same quarter last year. Sell-side analysts anticipate that Constellation Brands, Inc. will post 13.51 earnings per share for the current year.

Constellation Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 3rd will be paid a $1.01 dividend. This is a positive change from Constellation Brands's previous quarterly dividend of $0.89. The ex-dividend date is Thursday, May 2nd. This represents a $4.04 annualized dividend and a yield of 1.54%. Constellation Brands's dividend payout ratio is currently 43.07%.

Insider Buying and Selling at Constellation Brands

In other Constellation Brands news, EVP James A. Jr. Sabia sold 15,781 shares of the company's stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $263.63, for a total value of $4,160,345.03. Following the sale, the executive vice president now owns 20,910 shares in the company, valued at $5,512,503.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP James A. Jr. Sabia sold 15,781 shares of the stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $263.63, for a total transaction of $4,160,345.03. Following the transaction, the executive vice president now owns 20,910 shares in the company, valued at $5,512,503.30. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO William A. Newlands sold 4,013 shares of the stock in a transaction that occurred on Friday, April 19th. The stock was 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 in the company, valued at approximately $1,420,233.75. The disclosure for this sale can be found here. Insiders have sold 23,031 shares of company stock worth $6,043,821 over the last 90 days. Company insiders own 16.19% of the company's stock.

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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