1,573 Shares in Constellation Brands, Inc. (NYSE:STZ) Acquired by Doliver Advisors LP

Doliver Advisors LP acquired a new stake in shares of Constellation Brands, Inc. (NYSE:STZ) in the 4th quarter, HoldingsChannel reports. The firm acquired 1,573 shares of the company’s stock, valued at approximately $348,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in STZ. International Assets Investment Management LLC increased its stake in shares of Constellation Brands by 23,184.7% in the third quarter. International Assets Investment Management LLC now owns 499,689 shares of the company’s stock valued at $128,765,000 after buying an additional 497,543 shares during the period. State Street Corp increased its position in Constellation Brands by 6.0% in the 3rd quarter. State Street Corp now owns 7,144,428 shares of the company’s stock valued at $1,841,048,000 after acquiring an additional 402,211 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Constellation Brands by 31.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,002,332 shares of the company’s stock valued at $257,865,000 after acquiring an additional 241,982 shares during the last quarter. NFJ Investment Group LLC lifted its holdings in shares of Constellation Brands by 617.3% during the third quarter. NFJ Investment Group LLC now owns 108,382 shares of the company’s stock worth $27,929,000 after purchasing an additional 93,273 shares during the period. Finally, World Investment Advisors LLC grew its stake in shares of Constellation Brands by 4,601.2% in the third quarter. World Investment Advisors LLC now owns 87,771 shares of the company’s stock worth $22,618,000 after purchasing an additional 85,904 shares during the last quarter. 77.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Constellation Brands

In related news, major shareholder Wildstar Partners Llc sold 660 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total value of $159,060.00. Following the transaction, the insider now owns 1,736,884 shares in the company, valued at approximately $418,589,044. This represents a 0.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William A. Newlands sold 7,426 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $237.24, for a total value of $1,761,744.24. Following the completion of the sale, the chief executive officer now directly owns 7,274 shares of the company’s stock, valued at $1,725,683.76. This represents a 50.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 189,956 shares of company stock worth $46,058,091 in the last quarter. 12.19% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

STZ has been the topic of several recent research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $308.00 target price on shares of Constellation Brands in a report on Tuesday, November 19th. Needham & Company LLC reiterated a “buy” rating and issued a $280.00 target price on shares of Constellation Brands in a report on Friday, December 20th. BNP Paribas assumed coverage on shares of Constellation Brands in a report on Monday, November 25th. They set a “neutral” rating and a $261.00 price target for the company. Bank of America reaffirmed a “neutral” rating and issued a $255.00 price objective (down from $300.00) on shares of Constellation Brands in a research note on Monday, October 7th. Finally, TD Cowen downgraded shares of Constellation Brands from a “buy” rating to a “hold” rating and lowered their target price for the stock from $300.00 to $270.00 in a research note on Tuesday, October 8th. Five investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $288.70.

Constellation Brands Stock Up 1.0 %

STZ stock traded up $2.22 during trading on Monday, reaching $224.14. The stock had a trading volume of 1,066,182 shares, compared to its average volume of 1,346,185. Constellation Brands, Inc. has a one year low of $217.52 and a one year high of $274.87. The company’s 50 day moving average is $234.13 and its two-hundred day moving average is $243.06. The company has a quick ratio of 0.53, a current ratio of 1.25 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $40.70 billion, a price-to-earnings ratio of 72.54, a P/E/G ratio of 1.69 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Thursday, October 3rd. The company reported $4.32 EPS for the quarter, beating analysts’ consensus estimates of $4.08 by $0.24. The company had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.95 billion. Constellation Brands had a return on equity of 25.34% and a net margin of 5.29%. Constellation Brands’s revenue was up 2.9% on a year-over-year basis. During the same period last year, the business posted $3.70 earnings per share. Equities research analysts forecast that Constellation Brands, Inc. will post 13.57 EPS for the current year.

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.