Toth Financial Advisory Corp Purchases 165 Shares of Constellation Brands, Inc. (NYSE:STZ)

Toth Financial Advisory Corp raised its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 0.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 18,925 shares of the company’s stock after purchasing an additional 165 shares during the quarter. Toth Financial Advisory Corp’s holdings in Constellation Brands were worth $4,182,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. AE Wealth Management LLC grew its stake in shares of Constellation Brands by 10.2% in the 2nd quarter. AE Wealth Management LLC now owns 1,530 shares of the company’s stock worth $394,000 after buying an additional 142 shares in the last quarter. Public Sector Pension Investment Board grew its stake in shares of Constellation Brands by 78.3% in the 2nd quarter. Public Sector Pension Investment Board now owns 5,704 shares of the company’s stock worth $1,468,000 after buying an additional 2,504 shares in the last quarter. Marshall Wace LLP grew its stake in shares of Constellation Brands by 48.0% in the 2nd quarter. Marshall Wace LLP now owns 65,487 shares of the company’s stock worth $16,848,000 after buying an additional 21,230 shares in the last quarter. AXA S.A. grew its stake in shares of Constellation Brands by 54.2% in the 2nd quarter. AXA S.A. now owns 2,146 shares of the company’s stock worth $552,000 after buying an additional 754 shares in the last quarter. Finally, APG Asset Management N.V. grew its stake in shares of Constellation Brands by 239.5% in the 2nd quarter. APG Asset Management N.V. now owns 18,853 shares of the company’s stock worth $4,526,000 after buying an additional 13,300 shares in the last quarter. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Price Performance

Shares of STZ stock opened at $182.99 on Friday. Constellation Brands, Inc. has a 1-year low of $176.51 and a 1-year high of $274.87. The stock’s 50-day moving average is $221.02 and its 200 day moving average is $236.43. The company has a market cap of $33.07 billion, a P/E ratio of 49.19, a PEG ratio of 1.58 and a beta of 0.91. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). The company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.53 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. Constellation Brands’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the previous year, the business earned $3.19 EPS. Research analysts predict that Constellation Brands, Inc. will post 13.52 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a $1.01 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.04 annualized dividend and a yield of 2.21%. Constellation Brands’s dividend payout ratio (DPR) is 108.60%.

Insider Buying and Selling at Constellation Brands

In related news, Director William T. Giles acquired 1,000 shares of the stock in a transaction dated Friday, January 17th. The stock was acquired at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the completion of the purchase, the director now owns 1,463 shares of the company’s stock, valued at approximately $272,688.57. This represents a 215.98 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William A. Newlands sold 7,426 shares of Constellation Brands stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $237.24, for a total transaction of $1,761,744.24. Following the sale, the chief executive officer now owns 7,274 shares of the company’s stock, valued at $1,725,683.76. The trade was a 50.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 69,172 shares of company stock worth $16,778,841 over the last three months. Corporate insiders own 12.19% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Royal Bank of Canada reissued an “outperform” rating and set a $308.00 target price on shares of Constellation Brands in a research report on Tuesday, January 7th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $203.00 price target (down from $262.00) on shares of Constellation Brands in a report on Monday, January 13th. Argus downgraded shares of Constellation Brands from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Wells Fargo & Company cut their price objective on Constellation Brands from $295.00 to $275.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Finally, Morgan Stanley cut their price objective on Constellation Brands from $280.00 to $220.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $259.05.

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.