Iams Wealth Management LLC Makes New $253,000 Investment in Constellation Brands, Inc. (NYSE:STZ)

Iams Wealth Management LLC acquired a new position in Constellation Brands, Inc. (NYSE:STZ) in the 3rd quarter, Holdings Channel reports. The firm acquired 983 shares of the company’s stock, valued at approximately $253,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Integrated Advisors Network LLC lifted its holdings in shares of Constellation Brands by 4.8% during the fourth quarter. Integrated Advisors Network LLC now owns 1,194 shares of the company’s stock valued at $289,000 after purchasing an additional 55 shares during the last quarter. Syon Capital LLC increased its position in shares of Constellation Brands by 31.0% during the fourth quarter. Syon Capital LLC now owns 1,925 shares of the company’s stock valued at $465,000 after acquiring an additional 456 shares in the last quarter. SageView Advisory Group LLC increased its position in shares of Constellation Brands by 7.8% during the fourth quarter. SageView Advisory Group LLC now owns 949 shares of the company’s stock valued at $236,000 after acquiring an additional 69 shares in the last quarter. Quadrature Capital Ltd bought a new stake in shares of Constellation Brands during the fourth quarter valued at approximately $958,000. Finally, HighPoint Advisor Group LLC bought a new stake in shares of Constellation Brands during the fourth quarter valued at approximately $928,000. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Constellation Brands Stock Up 1.9 %

STZ opened at $245.71 on Tuesday. The firm has a 50-day simple moving average of $246.28 and a two-hundred day simple moving average of $252.09. Constellation Brands, Inc. has a 52 week low of $227.64 and a 52 week high of $274.87. The company has a market capitalization of $44.96 billion, a PE ratio of 18.31, a price-to-earnings-growth ratio of 1.70 and a beta of 1.75. The company has a quick ratio of 0.53, a current ratio of 1.25 and a debt-to-equity ratio of 1.31.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Thursday, October 3rd. The company reported $4.32 EPS for the quarter, beating the consensus estimate of $4.08 by $0.24. Constellation Brands had a net margin of 5.29% and a return on equity of 25.34%. The business had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.95 billion. During the same quarter in the prior year, the firm earned $3.70 EPS. The business’s revenue was up 2.9% on a year-over-year basis. Analysts forecast that Constellation Brands, Inc. will post 13.57 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Tuesday, November 5th will be issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Tuesday, November 5th. Constellation Brands’s payout ratio is 30.10%.

Insider Activity at Constellation Brands

In related news, Director Daniel J. Mccarthy sold 1,854 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $252.43, for a total value of $468,005.22. Following the completion of the transaction, the director now owns 3,232 shares of the company’s stock, valued at approximately $815,853.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Garth Hankinson sold 13,583 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $240.00, for a total value of $3,259,920.00. Following the completion of the transaction, the chief financial officer now owns 11,702 shares of the company’s stock, valued at approximately $2,808,480. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel J. Mccarthy sold 1,854 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $252.43, for a total transaction of $468,005.22. Following the completion of the sale, the director now directly owns 3,232 shares in the company, valued at $815,853.76. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.19% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. BMO Capital Markets reaffirmed an “outperform” rating and issued a $315.00 target price on shares of Constellation Brands in a research report on Friday, July 5th. Morgan Stanley decreased their target price on shares of Constellation Brands from $305.00 to $280.00 and set an “overweight” rating for the company in a research note on Monday, August 26th. Bank of America reiterated a “neutral” rating and set a $255.00 target price (down from $300.00) on shares of Constellation Brands in a research note on Monday, October 7th. Jefferies Financial Group boosted their target price on shares of Constellation Brands from $310.00 to $311.00 and gave the company a “buy” rating in a research note on Friday, July 5th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $308.00 target price on shares of Constellation Brands in a research note on Friday, October 4th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $291.06.

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.