Constellation Brands, Inc. (NYSE:STZ) is Compass Wealth Management LLC’s 4th Largest Position

Compass Wealth Management LLC raised its holdings in Constellation Brands, Inc. (NYSE:STZ) by 5.6% in the third quarter, Holdings Channel.com reports. The fund owned 37,839 shares of the company’s stock after buying an additional 2,022 shares during the quarter. Constellation Brands makes up 2.3% of Compass Wealth Management LLC’s investment portfolio, making the stock its 4th largest position. Compass Wealth Management LLC’s holdings in Constellation Brands were worth $9,751,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. New Millennium Group LLC acquired a new stake in shares of Constellation Brands in the 2nd quarter worth approximately $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Constellation Brands during the 2nd quarter worth $29,000. Horizon Bancorp Inc. IN acquired a new position in Constellation Brands during the second quarter worth about $32,000. Kapitalo Investimentos Ltda purchased a new stake in Constellation Brands in the 4th quarter valued at approximately $35,000. Finally, First Financial Corp IN purchased a new stake in shares of Constellation Brands in the first quarter valued at $35,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Insider Transactions at Constellation Brands

In related news, Director Daniel J. Mccarthy sold 1,854 shares of the firm’s 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 sale, the director now directly owns 3,232 shares in the company, valued at approximately $815,853.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, EVP Samuel J. Glaetzer sold 1,510 shares of the firm’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $245.57, for a total transaction of $370,810.70. Following the completion of the sale, the executive vice president now directly owns 4,970 shares in the company, valued at $1,220,482.90. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel J. Mccarthy sold 1,854 shares of Constellation Brands stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $252.43, for a total value of $468,005.22. Following the sale, the director now directly owns 3,232 shares in the company, valued at approximately $815,853.76. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,947 shares of company stock valued at $4,098,736 over the last quarter. Company insiders own 12.19% of the company’s stock.

Constellation Brands Trading Down 1.1 %

NYSE STZ traded down $2.75 during mid-day trading on Thursday, hitting $240.84. The company’s stock had a trading volume of 596,613 shares, compared to its average volume of 1,186,201. The firm has a market capitalization of $44.07 billion, a P/E ratio of 18.15, a price-to-earnings-growth ratio of 1.70 and a beta of 1.75. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.25 and a quick ratio of 0.53. Constellation Brands, Inc. has a 52-week low of $227.64 and a 52-week high of $274.87. The stock’s fifty day simple moving average is $246.51 and its two-hundred day simple moving average is $251.83.

Constellation Brands (NYSE:STZ) last issued its earnings results on Thursday, October 3rd. The company reported $4.32 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $2.95 billion. During the same quarter last year, the firm posted $3.70 EPS. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. Research analysts expect that Constellation Brands, Inc. will post 13.57 EPS for the current year.

Constellation Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Tuesday, November 5th will be given a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Tuesday, November 5th. Constellation Brands’s payout ratio is 30.10%.

Analysts Set New Price Targets

STZ has been the subject of a number of recent research reports. TD Cowen cut Constellation Brands from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $300.00 to $270.00 in a research report on Tuesday, October 8th. JPMorgan Chase & Co. cut their price objective on shares of Constellation Brands from $307.00 to $293.00 and set an “overweight” rating for the company in a research report on Friday, October 4th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $308.00 target price on shares of Constellation Brands in a research note on Friday, October 4th. Jefferies Financial Group increased their price target on Constellation Brands from $310.00 to $311.00 and gave the stock a “buy” rating in a research note on Friday, July 5th. Finally, Barclays decreased their price objective on Constellation Brands from $309.00 to $300.00 and set an “overweight” rating on the stock in a report on Monday, October 7th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $290.47.

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.