Barlow Wealth Partners Inc. Makes New Investment in Constellation Brands, Inc. (NYSE:STZ)

Barlow Wealth Partners Inc. bought a new stake in Constellation Brands, Inc. (NYSE:STZ) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,257 shares of the company’s stock, valued at approximately $304,000.

Other hedge funds have also modified their holdings of the company. Morgan Stanley raised its stake in shares of Constellation Brands by 1.5% during the third quarter. Morgan Stanley now owns 4,050,468 shares of the company’s stock valued at $1,018,005,000 after purchasing an additional 58,518 shares during the period. Northern Trust Corp increased its stake in Constellation Brands by 3.7% during the 3rd quarter. Northern Trust Corp now owns 1,499,035 shares of the company’s stock worth $376,752,000 after buying an additional 53,862 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Constellation Brands by 38.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,403,495 shares of the company’s stock worth $335,402,000 after buying an additional 388,390 shares in the last quarter. Darsana Capital Partners LP boosted its position in 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 during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC grew its stake in shares of Constellation Brands by 9.9% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 800,686 shares of the company’s stock valued at $201,236,000 after acquiring an additional 71,979 shares in the last quarter. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Constellation Brands Stock Performance

Shares of STZ stock traded up $1.15 during trading hours on Tuesday, reaching $258.46. The stock had a trading volume of 642,437 shares, compared to its average volume of 1,224,947. The firm has a market capitalization of $47.29 billion, a PE ratio of 27.55, a price-to-earnings-growth ratio of 1.73 and a beta of 0.95. The firm has a 50-day simple moving average of $261.27 and a 200-day simple moving average of $249.24. Constellation Brands, Inc. has a twelve month low of $222.45 and a twelve month high of $274.87. 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 (NYSE:STZ) last announced its quarterly earnings results on Thursday, April 11th. The company reported $2.26 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%. Constellation Brands’s revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.98 earnings per share. As a group, equities analysts forecast that Constellation Brands, Inc. will post 13.51 earnings per share for the current year.

Constellation Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be paid a dividend of $1.01 per share. This is a boost 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 1.56%. The ex-dividend date is Thursday, May 2nd. Constellation Brands’s payout ratio is currently 43.07%.

Wall Street Analyst Weigh In

Several research analysts recently commented on STZ shares. BMO Capital Markets boosted their price target on Constellation Brands from $290.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, April 12th. Deutsche Bank Aktiengesellschaft upped their target price on Constellation Brands from $256.00 to $262.00 and gave the company a “hold” rating in a research report on Wednesday, April 10th. HSBC raised their price target on shares of Constellation Brands from $290.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Barclays upped their price target on shares of Constellation Brands from $294.00 to $295.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Finally, Bank of America raised their price objective on shares of Constellation Brands from $290.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Three research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $298.55.

Insiders Place Their Bets

In other Constellation Brands news, CEO William A. Newlands sold 4,013 shares of the company’s stock in a transaction that occurred on Friday, April 19th. The stock was sold at an average price of $263.25, for a total value of $1,056,422.25. Following the completion of the sale, the chief executive officer now directly owns 5,395 shares in the company, valued at $1,420,233.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO William A. Newlands sold 4,013 shares of Constellation Brands stock in a transaction dated 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 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 filing with the SEC, which is available through this hyperlink. Also, EVP Michael Mcgrew sold 3,237 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $255.50, for a total transaction of $827,053.50. Following the completion of the sale, the executive vice president now owns 1,731 shares in the company, valued at $442,270.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,031 shares of company stock worth $6,043,821. 16.19% of the stock is 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 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.