Retirement Planning Co of New England Inc. Buys 299 Shares of Constellation Brands, Inc. (NYSE:STZ)

Retirement Planning Co of New England Inc. increased its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 14.1% during the fourth quarter, HoldingsChannel reports. The fund owned 2,414 shares of the company’s stock after acquiring an additional 299 shares during the quarter. Retirement Planning Co of New England Inc.’s holdings in Constellation Brands were worth $534,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Allworth Financial LP increased its position in Constellation Brands by 0.8% during the fourth quarter. Allworth Financial LP now owns 7,357 shares of the company’s stock worth $1,626,000 after acquiring an additional 59 shares during the period. BSW Wealth Partners increased its position in Constellation Brands by 4.2% during the fourth quarter. BSW Wealth Partners now owns 1,563 shares of the company’s stock worth $345,000 after acquiring an additional 63 shares during the period. Philip James Wealth Mangement LLC increased its position in Constellation Brands by 8.0% during the fourth quarter. Philip James Wealth Mangement LLC now owns 923 shares of the company’s stock worth $204,000 after acquiring an additional 68 shares during the period. Oak Asset Management LLC increased its position in Constellation Brands by 0.4% during the fourth quarter. Oak Asset Management LLC now owns 17,611 shares of the company’s stock worth $3,892,000 after acquiring an additional 71 shares during the period. Finally, Hartford Funds Management Co LLC increased its position in Constellation Brands by 4.2% during the third quarter. Hartford Funds Management Co LLC now owns 1,797 shares of the company’s stock worth $463,000 after acquiring an additional 72 shares during the period. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Stock Up 1.2 %

Shares of NYSE STZ opened at $183.53 on Tuesday. The firm’s 50-day simple moving average is $179.79 and its 200 day simple moving average is $218.70. The company has a market cap of $33.17 billion, a price-to-earnings ratio of 49.34, a price-to-earnings-growth 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, Inc. has a 12-month low of $160.46 and a 12-month high of $274.87.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $2.53 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The firm’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter last year, the company earned $3.19 EPS. On average, research analysts expect that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a dividend of $1.01 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.04 annualized dividend and a yield of 2.20%. Constellation Brands’s dividend payout ratio (DPR) is 108.60%.

Insider Buying and Selling

In other Constellation Brands news, Director William T. Giles bought 1,000 shares of the business’s stock in a transaction on Friday, January 17th. The shares were bought at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the transaction, the director now owns 1,463 shares in the company, valued at approximately $272,688.57. This trade represents a 215.98 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 12.19% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on STZ shares. TD Cowen lowered their price target on shares of Constellation Brands from $270.00 to $260.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Evercore ISI lowered their price target on shares of Constellation Brands from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $203.00 price target (down previously from $262.00) on shares of Constellation Brands in a report on Monday, January 13th. UBS Group lowered their price target on shares of Constellation Brands from $265.00 to $223.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Finally, StockNews.com lowered shares of Constellation Brands from a “hold” rating to a “sell” rating in a report on Friday. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $252.81.

About Constellation Brands

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.