Pitti Group Wealth Management LLC Has $209,000 Stock Position in Constellation Brands, Inc. (NYSE:STZ)

Pitti Group Wealth Management LLC boosted its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 8.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 865 shares of the company’s stock after purchasing an additional 66 shares during the quarter. Pitti Group Wealth Management LLC’s holdings in Constellation Brands were worth $209,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Darsana Capital Partners LP raised its stake 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 buying an additional 650,000 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Constellation Brands by 24,922.5% in the 4th quarter. International Assets Investment Management LLC now owns 567,010 shares of the company’s stock valued at $137,075,000 after buying an additional 564,744 shares in the last quarter. Phoenix Holdings Ltd. raised its stake in shares of Constellation Brands by 38.3% in the 3rd quarter. Phoenix Holdings Ltd. now owns 551,447 shares of the company’s stock valued at $138,608,000 after buying an additional 152,799 shares in the last quarter. Trexquant Investment LP acquired a new position in shares of Constellation Brands in the 3rd quarter valued at $30,640,000. Finally, HighTower Advisors LLC raised its stake in shares of Constellation Brands by 70.0% in the 3rd quarter. HighTower Advisors LLC now owns 218,190 shares of the company’s stock valued at $54,983,000 after buying an additional 89,822 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Constellation Brands Trading Down 0.6 %

Shares of NYSE STZ traded down $1.67 during mid-day trading on Friday, hitting $260.04. The company’s stock had a trading volume of 700,014 shares, compared to its average volume of 1,410,273. The stock has a market cap of $47.54 billion, a price-to-earnings ratio of 27.72, a price-to-earnings-growth ratio of 1.76 and a beta of 1.75. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.19 and a quick ratio of 0.53. Constellation Brands, Inc. has a one year low of $221.81 and a one year high of $274.87. The company’s fifty day simple moving average is $259.80 and its 200-day simple moving average is $248.01.

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, beating the consensus estimate of $2.10 by $0.16. The company had revenue of $2.14 billion for 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 firm earned $1.98 EPS. On average, sell-side analysts anticipate that Constellation Brands, Inc. will post 13.51 earnings per share for the current fiscal year.

Constellation Brands Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be given a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.55%. This is an increase from Constellation Brands’s previous quarterly dividend of $0.89. The ex-dividend date is Thursday, May 2nd. Constellation Brands’s dividend payout ratio (DPR) is currently 43.07%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on STZ shares. Argus raised shares of Constellation Brands from a “hold” rating to a “buy” rating and set a $306.00 target price on the stock in a report on Monday, April 15th. Wedbush reaffirmed an “outperform” rating and issued a $300.00 target price on shares of Constellation Brands in a report on Wednesday, April 10th. Evercore ISI upped their target price on shares of Constellation Brands from $300.00 to $310.00 and gave the stock an “outperform” rating in a report on Friday, April 12th. TheStreet lowered shares of Constellation Brands from a “b” rating to a “c+” rating in a report on Friday, January 5th. Finally, BMO Capital Markets upped their target price on shares of Constellation Brands from $290.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, April 12th. Three investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $298.55.

Insider Activity at Constellation Brands

In other Constellation Brands news, EVP James A. Jr. Sabia sold 15,781 shares of the firm’s 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 sale, 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 filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO William A. Newlands sold 4,013 shares of Constellation Brands stock in a transaction on Friday, April 19th. The stock was sold at an average price of $263.25, for a total transaction of $1,056,422.25. Following the completion of the sale, the chief executive officer now 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 this link. Also, EVP James A. Jr. Sabia sold 15,781 shares of Constellation Brands 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 sale, the executive vice president now directly owns 20,910 shares of the company’s stock, valued at approximately $5,512,503.30. The disclosure for this sale can be found here. 16.19% of the stock is currently owned by corporate insiders.

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.