200 Shares in Constellation Brands, Inc. (NYSE:STZ) Acquired by Financial Insights Inc.

Financial Insights Inc. purchased a new position in Constellation Brands, Inc. (NYSE:STZ) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 200 shares of the company’s stock, valued at approximately $47,000.

A number of other large investors have also modified their holdings of the stock. Horizon Investments LLC grew its stake in shares of Constellation Brands by 0.9% during the 1st quarter. Horizon Investments LLC now owns 5,307 shares of the company’s stock worth $1,210,000 after purchasing an additional 45 shares during the period. Financial Advocates Investment Management grew its stake in shares of Constellation Brands by 2.2% during the 1st quarter. Financial Advocates Investment Management now owns 2,135 shares of the company’s stock worth $487,000 after purchasing an additional 46 shares during the period. Clearstead Advisors LLC grew its stake in shares of Constellation Brands by 3.5% during the 1st quarter. Clearstead Advisors LLC now owns 1,388 shares of the company’s stock worth $317,000 after purchasing an additional 47 shares during the period. Cadence Bank NA grew its stake in shares of Constellation Brands by 1.0% during the 2nd quarter. Cadence Bank NA now owns 4,647 shares of the company’s stock worth $1,087,000 after purchasing an additional 48 shares during the period. Finally, Benedict Financial Advisors Inc. grew its stake in shares of Constellation Brands by 0.8% during the 1st quarter. Benedict Financial Advisors Inc. now owns 6,130 shares of the company’s stock worth $1,398,000 after purchasing an additional 49 shares during the period. Institutional investors own 70.41% of the company’s stock.

A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group lifted their price target on shares of Constellation Brands from $295.00 to $298.00 and gave the company a “buy” rating in a research note on Monday, June 28th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Constellation Brands from $223.00 to $242.00 and gave the company a “hold” rating in a research note on Thursday, July 1st. Evercore ISI dropped their price target on shares of Constellation Brands from $85.00 to $80.00 and set an “outperform” rating on the stock in a research note on Monday, August 9th. Credit Suisse Group lifted their price target on shares of Constellation Brands from $260.00 to $275.00 and gave the company an “outperform” rating in a research note on Thursday, July 1st. Finally, Morgan Stanley lifted their price target on shares of Constellation Brands from $260.00 to $266.00 and gave the company an “overweight” rating in a research note on Thursday, July 1st. Nine research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $248.91.

Shares of NYSE:STZ traded down $5.85 during midday trading on Monday, reaching $209.00. 21,006 shares of the company’s stock were exchanged, compared to its average volume of 1,098,297. The firm’s 50 day simple moving average is $218.08 and its two-hundred day simple moving average is $227.79. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.61 and a quick ratio of 0.94. The stock has a market cap of $40.15 billion, a price-to-earnings ratio of 33.26, a P/E/G ratio of 3.52 and a beta of 1.19. Constellation Brands, Inc. has a fifty-two week low of $160.63 and a fifty-two week high of $244.75.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Tuesday, June 29th. The company reported $2.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.35 by ($0.02). The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.02 billion. Constellation Brands had a return on equity of 14.99% and a net margin of 13.47%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business posted $2.30 earnings per share. Equities research analysts predict that Constellation Brands, Inc. will post 10.04 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 24th. Shareholders of record on Tuesday, August 10th were given a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Monday, August 9th. Constellation Brands’s dividend payout ratio is currently 9.33%.

Constellation Brands Company Profile

Constellation Brands, Inc engages in the production, marketing, and distribution of beer, wine, and spirits. It operates through the following segments: Beer, Wine and Spirits, and Corporate Operations and Other, and Canopy. The Beer segment includes imported and craft beer brands. The Wine and Spirits segment sells wine brands across all categories-table wine, sparkling wine, and dessert wine-and across all price points.

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Institutional Ownership by Quarter for Constellation Brands (NYSE:STZ)

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