Millstone Evans Group LLC Purchases New Position in Constellation Brands, Inc. (NYSE:STZ)

Millstone Evans Group LLC purchased a new stake in shares of Constellation Brands, Inc. (NYSE:STZ) in the 4th quarter, Holdings Channel reports. The fund purchased 500 shares of the company’s stock, valued at approximately $110,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP lifted its holdings in Constellation Brands by 0.8% during the 4th quarter. Allworth Financial LP now owns 7,357 shares of the company’s stock valued at $1,626,000 after purchasing an additional 59 shares during the last quarter. BSW Wealth Partners lifted its holdings in Constellation Brands by 4.2% during the 4th quarter. BSW Wealth Partners now owns 1,563 shares of the company’s stock valued at $345,000 after purchasing an additional 63 shares during the last quarter. Philip James Wealth Mangement LLC lifted its holdings in Constellation Brands by 8.0% during the 4th quarter. Philip James Wealth Mangement LLC now owns 923 shares of the company’s stock valued at $204,000 after purchasing an additional 68 shares during the last quarter. Oak Asset Management LLC lifted its holdings in Constellation Brands by 0.4% during the 4th quarter. Oak Asset Management LLC now owns 17,611 shares of the company’s stock valued at $3,892,000 after purchasing an additional 71 shares during the last quarter. Finally, Hartford Funds Management Co LLC increased its position in Constellation Brands by 4.2% in the 3rd quarter. Hartford Funds Management Co LLC now owns 1,797 shares of the company’s stock valued at $463,000 after acquiring an additional 72 shares in the last quarter. 77.34% of the stock is owned by institutional investors.

Constellation Brands Stock Down 0.6 %

Constellation Brands stock opened at $177.73 on Friday. The company’s 50 day simple moving average is $177.32 and its 200 day simple moving average is $217.08. Constellation Brands, Inc. has a fifty-two week low of $160.46 and a fifty-two week high of $274.87. The firm has a market capitalization of $32.12 billion, a price-to-earnings ratio of 47.78, a PEG ratio of 1.52 and a beta of 0.90. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing the consensus estimate of $3.33 by ($0.08). Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The firm had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same period in the previous year, the business earned $3.19 EPS. The firm’s revenue was down .3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend was Friday, February 7th. Constellation Brands’s payout ratio is 108.60%.

Insider Buying and Selling

In related news, Director William T. Giles purchased 1,000 shares of the business’s stock in a transaction on Friday, January 17th. The shares were purchased at an average price of $186.39 per share, with a total value of $186,390.00. Following the completion of the purchase, the director now owns 1,463 shares in the company, valued at $272,688.57. This represents a 215.98 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 12.19% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on STZ shares. JPMorgan Chase & Co. restated a “neutral” rating and issued a $203.00 price objective (down previously from $262.00) on shares of Constellation Brands in a research report on Monday, January 13th. BNP Paribas started coverage on shares of Constellation Brands in a research report on Monday, November 25th. They issued a “neutral” rating and a $261.00 price objective for the company. Morgan Stanley cut shares of Constellation Brands from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $220.00 to $202.00 in a research report on Thursday, February 27th. Evercore ISI lowered their price objective on shares of Constellation Brands from $300.00 to $250.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Finally, Barclays lowered their price objective on shares of Constellation Brands from $214.00 to $205.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $250.41.

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.