Constellation Brands, Inc. (NYSE:STZ) Shares Purchased by Jones Financial Companies Lllp

Jones Financial Companies Lllp increased its holdings in Constellation Brands, Inc. (NYSE:STZ) by 42.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,146 shares of the company’s stock after purchasing an additional 3,312 shares during the quarter. Jones Financial Companies Lllp’s holdings in Constellation Brands were worth $2,463,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Compagnie Lombard Odier SCmA acquired a new position in shares of Constellation Brands during the 4th quarter worth approximately $27,000. Union Bancaire Privee UBP SA purchased a new stake in Constellation Brands in the 4th quarter worth $28,000. Versant Capital Management Inc raised its position in Constellation Brands by 887.5% during the fourth quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock worth $35,000 after acquiring an additional 142 shares during the period. Centricity Wealth Management LLC purchased a new position in Constellation Brands during the fourth quarter valued at $35,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Constellation Brands in the fourth quarter valued at about $36,000. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Insider Activity at Constellation Brands

In other Constellation Brands news, Director William T. Giles purchased 1,000 shares of Constellation Brands stock in a transaction dated Friday, January 17th. The shares were acquired at an average price of $186.39 per share, with a total value of $186,390.00. Following the completion of the transaction, the director now owns 1,463 shares of the company’s stock, valued at $272,688.57. This trade represents a 215.98 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 12.19% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on STZ. JPMorgan Chase & Co. restated a “neutral” rating and set a $203.00 price target (down previously from $262.00) on shares of Constellation Brands in a research report on Monday, January 13th. Evercore ISI reduced their target price on Constellation Brands from $300.00 to $250.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $240.00 price target on shares of Constellation Brands in a research note on Monday, January 27th. Royal Bank of Canada restated an “outperform” rating and issued a $293.00 price objective on shares of Constellation Brands in a report on Monday, February 3rd. Finally, Wells Fargo & Company dropped their target price on shares of Constellation Brands from $295.00 to $275.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Eleven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Constellation Brands currently has an average rating of “Moderate Buy” and a consensus target price of $253.43.

Constellation Brands Price Performance

NYSE:STZ opened at $174.08 on Thursday. Constellation Brands, Inc. has a 52 week low of $160.46 and a 52 week high of $274.87. The stock’s fifty day moving average is $185.90 and its two-hundred day moving average is $222.14. The company has a market capitalization of $31.46 billion, a P/E ratio of 46.79, a P/E/G ratio of 1.52 and a beta of 1.75. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Friday, January 10th. The company reported $3.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.33 by ($0.08). The company had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.53 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The firm’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter last year, the firm posted $3.19 earnings per share. Equities analysts expect that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend was Friday, February 7th. Constellation Brands’s dividend payout ratio (DPR) is 108.60%.

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.