Waterfront Wealth Inc. Purchases 111 Shares of Constellation Brands, Inc. (NYSE:STZ)

Waterfront Wealth Inc. boosted its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,753 shares of the company’s stock after purchasing an additional 111 shares during the period. Waterfront Wealth Inc.’s holdings in Constellation Brands were worth $1,149,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Burns Matteson Capital Management LLC boosted its stake in shares of Constellation Brands by 1.7% during the 4th quarter. Burns Matteson Capital Management LLC now owns 2,499 shares of the company’s stock worth $604,000 after buying an additional 42 shares during the last quarter. FAS Wealth Partners Inc. lifted 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 valued at $309,000 after purchasing an additional 43 shares during the last quarter. Toth Financial Advisory Corp lifted its stake in Constellation Brands by 0.3% in the 3rd quarter. Toth Financial Advisory Corp now owns 16,237 shares of the company’s stock valued at $4,081,000 after purchasing an additional 44 shares during the last quarter. United Capital Financial Advisers LLC lifted its stake in Constellation Brands by 2.9% in the 1st quarter. United Capital Financial Advisers LLC now owns 1,552 shares of the company’s stock valued at $357,000 after purchasing an additional 44 shares during the last quarter. Finally, IHT Wealth Management LLC lifted its stake in Constellation Brands by 1.9% in the 1st quarter. IHT Wealth Management LLC now owns 2,406 shares of the company’s stock valued at $543,000 after purchasing an additional 45 shares during the last quarter. Institutional investors own 77.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on STZ shares. Evercore ISI increased their price target on shares of Constellation Brands from $300.00 to $310.00 and gave the company an “outperform” rating in a report on Friday, April 12th. Wedbush reissued an “outperform” rating and issued a $300.00 price target on shares of Constellation Brands in a report on Wednesday, April 10th. Roth Mkm reissued a “buy” rating and issued a $305.00 price target on shares of Constellation Brands in a report on Friday, April 12th. Jefferies Financial Group increased their price target on shares of Constellation Brands from $292.00 to $314.00 and gave the company a “buy” rating in a report on Friday, April 12th. Finally, Argus raised shares of Constellation Brands from a “hold” rating to a “buy” rating and set a $306.00 price target on the stock in a report on Monday. Three research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, Constellation Brands has a consensus rating of “Moderate Buy” and a consensus price target of $298.55.

Insider Activity

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 shares were sold at an average price of $263.63, for a total transaction of $4,160,345.03. Following the completion of the transaction, the executive vice president now directly owns 20,910 shares of the company’s stock, valued at approximately $5,512,503.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 16.19% of the company’s stock.

Constellation Brands Stock Down 0.2 %

NYSE:STZ traded down $0.47 on Wednesday, hitting $257.31. The stock had a trading volume of 1,530,438 shares, compared to its average volume of 1,275,867. 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 cap of $47.04 billion, a P/E ratio of 27.43, a price-to-earnings-growth ratio of 1.75 and a beta of 0.97. Constellation Brands, Inc. has a 1 year low of $221.81 and a 1 year high of $274.87. The firm’s fifty day simple moving average is $257.51 and its two-hundred day simple moving average is $247.13.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Thursday, April 11th. The company reported $2.26 EPS for the quarter, beating the consensus estimate of $2.10 by $0.16. The firm 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 revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the business posted $1.98 EPS. Analysts predict that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be given a dividend of $1.01 per share. This is an increase from Constellation Brands’s previous quarterly dividend of $0.89. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Thursday, May 2nd. Constellation Brands’s dividend payout ratio is currently 37.95%.

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 Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Victoria, Vicky Chamoy, and Pacifico brands.