Birchcreek Wealth Management LLC Invests $215,000 in Constellation Brands, Inc. (NYSE:STZ)

Birchcreek Wealth Management LLC acquired a new position in shares of Constellation Brands, Inc. (NYSE:STZ) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 973 shares of the company’s stock, valued at approximately $215,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. South Dakota Investment Council increased its holdings in shares of Constellation Brands by 11.4% during the 4th quarter. South Dakota Investment Council now owns 13,638 shares of the company’s stock worth $3,014,000 after purchasing an additional 1,400 shares during the period. Union Bancaire Privee UBP SA bought a new position in shares of Constellation Brands during the 4th quarter worth about $28,000. MONECO Advisors LLC increased its holdings in shares of Constellation Brands by 18.2% during the 4th quarter. MONECO Advisors LLC now owns 1,441 shares of the company’s stock worth $319,000 after purchasing an additional 222 shares during the period. Cohen Capital Management Inc. increased its holdings in shares of Constellation Brands by 0.9% during the 4th quarter. Cohen Capital Management Inc. now owns 46,493 shares of the company’s stock worth $10,275,000 after purchasing an additional 400 shares during the period. Finally, Fisher Funds Management LTD bought a new position in shares of Constellation Brands during the 4th quarter worth about $5,231,000. Institutional investors own 77.34% of the company’s stock.

Insider Activity at Constellation Brands

In other Constellation Brands news, Director William T. Giles acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The shares were acquired at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the completion of the acquisition, the director now directly 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 12.19% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

STZ has been the topic of a number of analyst reports. UBS Group lowered their target price on shares of Constellation Brands from $265.00 to $223.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. Roth Capital lowered their target price on shares of Constellation Brands from $298.00 to $284.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. Needham & Company LLC reissued a “buy” rating and issued a $240.00 target price on shares of Constellation Brands in a research note on Monday, January 27th. Morgan Stanley lowered their target price on shares of Constellation Brands from $280.00 to $220.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $201.00 target price (down previously from $310.00) on shares of Constellation Brands in a research note on Monday, January 13th. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Constellation Brands currently has a consensus rating of “Moderate Buy” and an average target price of $254.29.

Constellation Brands Price Performance

Shares of STZ stock opened at $176.00 on Monday. Constellation Brands, Inc. has a 1 year low of $160.46 and a 1 year high of $274.87. The firm’s 50 day moving average is $194.29 and its 200-day moving average is $225.71. The firm has a market capitalization of $31.81 billion, a price-to-earnings ratio of 47.31, a PEG ratio of 1.52 and a beta of 1.75. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26.

Constellation Brands (NYSE:STZ) last announced its earnings results on Friday, January 10th. The company reported $3.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.53 billion. During the same quarter in the previous year, the company posted $3.19 earnings per share. Constellation Brands’s revenue for the quarter was down .3% on a year-over-year basis. Sell-side analysts forecast that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a $1.01 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.04 annualized dividend and a yield of 2.30%. Constellation Brands’s dividend payout ratio is currently 108.60%.

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.