Wealthcare Advisory Partners LLC Has $878,000 Holdings in Constellation Brands, Inc. (NYSE:STZ)

Wealthcare Advisory Partners LLC grew its holdings in Constellation Brands, Inc. (NYSE:STZ) by 70.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,631 shares of the company’s stock after purchasing an additional 1,500 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Constellation Brands were worth $878,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of STZ. Burns Matteson Capital Management LLC boosted its holdings in shares of Constellation Brands by 1.7% during the fourth quarter. Burns Matteson Capital Management LLC now owns 2,499 shares of the company’s stock worth $604,000 after acquiring an additional 42 shares during the period. FAS Wealth Partners Inc. raised its stake in Constellation Brands by 3.5% in the 4th quarter. FAS Wealth Partners Inc. now owns 1,277 shares of the company’s stock worth $309,000 after purchasing an additional 43 shares in the last quarter. Schear Investment Advisers LLC boosted its holdings in Constellation Brands by 1.8% in the 4th quarter. Schear Investment Advisers LLC now owns 2,522 shares of the company’s stock valued at $610,000 after purchasing an additional 44 shares during the period. Lincoln National Corp grew its position in shares of Constellation Brands by 2.0% during the 3rd quarter. Lincoln National Corp now owns 2,565 shares of the company’s stock worth $645,000 after purchasing an additional 50 shares in the last quarter. Finally, Trivant Custom Portfolio Group LLC increased its holdings in shares of Constellation Brands by 0.5% during the third quarter. Trivant Custom Portfolio Group LLC now owns 10,449 shares of the company’s stock worth $2,626,000 after purchasing an additional 52 shares during the period. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP James A. Jr. Sabia sold 15,781 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 20,910 shares in the company, valued at approximately $5,512,503.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO William A. Newlands sold 4,013 shares of the firm’s stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $263.25, for a total transaction of $1,056,422.25. Following the transaction, the chief executive officer now directly owns 5,395 shares of the company’s stock, valued at $1,420,233.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP James A. Jr. Sabia sold 15,781 shares of the company’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 20,910 shares of the company’s stock, valued at $5,512,503.30. The disclosure for this sale can be found here. Insiders sold a total of 23,031 shares of company stock worth $6,043,821 over the last quarter. 16.19% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on STZ shares. Royal Bank of Canada raised their price objective on Constellation Brands from $295.00 to $308.00 and gave the stock an “outperform” rating in a research note on Friday, April 12th. Evercore ISI boosted their price objective on shares of Constellation Brands from $300.00 to $310.00 and gave the company an “outperform” rating in a research report on Friday, April 12th. Jefferies Financial Group lifted their price target on Constellation Brands from $292.00 to $314.00 and gave the company a “buy” rating in a research note on Friday, April 12th. 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, Wedbush reissued an “outperform” rating and issued a $300.00 target price on shares of Constellation Brands in a report on Wednesday, April 10th. Three research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $298.55.

Constellation Brands Trading Up 0.2 %

Shares of STZ traded up $0.62 during trading hours on Wednesday, hitting $259.11. 11,199 shares of the stock were exchanged, compared to its average volume of 1,211,461. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.19 and a quick ratio of 0.53. The firm has a market capitalization of $47.41 billion, a P/E ratio of 27.55, a price-to-earnings-growth ratio of 1.73 and a beta of 1.75. The business has a 50-day moving average of $261.27 and a 200-day moving average of $249.24. Constellation Brands, Inc. has a fifty-two week low of $223.01 and a fifty-two week high of $274.87.

Constellation Brands (NYSE:STZ) last issued its earnings results on Thursday, April 11th. The company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.16. Constellation Brands had a net margin of 16.13% and a return on equity of 23.06%. The business had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period in the prior year, the firm earned $1.98 earnings per share. Constellation Brands’s revenue was up 7.1% on a year-over-year basis. On average, research analysts expect that Constellation Brands, Inc. will post 13.51 EPS for the current year.

Constellation Brands Increases Dividend

The company 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 represents a $4.04 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Thursday, May 2nd. This is a boost from Constellation Brands’s previous quarterly dividend of $0.89. Constellation Brands’s dividend payout ratio (DPR) is 43.07%.

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.