Souders Financial Advisors Has $3.29 Million Position in Constellation Brands, Inc. (NYSE:STZ)

Souders Financial Advisors increased its stake in Constellation Brands, Inc. (NYSE:STZ) by 7.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 12,783 shares of the company’s stock after purchasing an additional 864 shares during the quarter. Souders Financial Advisors’ holdings in Constellation Brands were worth $3,294,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in STZ. Empowered Funds LLC lifted its holdings in shares of Constellation Brands by 71.0% during the first quarter. Empowered Funds LLC now owns 3,316 shares of the company’s stock worth $901,000 after buying an additional 1,377 shares during the last quarter. Atomi Financial Group Inc. acquired a new position in shares of Constellation Brands during the first quarter worth approximately $242,000. QRG Capital Management Inc. lifted its position in Constellation Brands by 12.4% in the first quarter. QRG Capital Management Inc. now owns 3,265 shares of the company’s stock worth $887,000 after purchasing an additional 360 shares during the period. Russell Investments Group Ltd. lifted its position in Constellation Brands by 14.3% in the first quarter. Russell Investments Group Ltd. now owns 58,814 shares of the company’s stock worth $15,986,000 after purchasing an additional 7,343 shares during the period. Finally, Bleakley Financial Group LLC lifted its position in Constellation Brands by 5.7% in the first quarter. Bleakley Financial Group LLC now owns 2,869 shares of the company’s stock worth $780,000 after purchasing an additional 154 shares during the period. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Constellation Brands Price Performance

Shares of STZ stock opened at $238.29 on Wednesday. The company has a quick ratio of 0.53, a current ratio of 1.25 and a debt-to-equity ratio of 1.31. Constellation Brands, Inc. has a 12 month low of $224.76 and a 12 month high of $274.87. The firm has a market cap of $43.26 billion, a price-to-earnings ratio of 77.12, a PEG ratio of 1.67 and a beta of 0.90. The stock has a 50-day moving average price of $244.78 and a 200 day moving average price of $248.51.

Constellation Brands (NYSE:STZ) last issued its earnings results on Thursday, October 3rd. The company reported $4.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.08 by $0.24. Constellation Brands had a return on equity of 25.34% and a net margin of 5.29%. The firm had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.95 billion. During the same quarter last year, the business earned $3.70 earnings per share. The company’s revenue was up 2.9% compared to the same quarter last year. Research analysts expect that Constellation Brands, Inc. will post 13.57 EPS for the current year.

Constellation Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Tuesday, November 5th will be issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Tuesday, November 5th. Constellation Brands’s dividend payout ratio (DPR) is presently 130.74%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on STZ. JPMorgan Chase & Co. reduced their target price on Constellation Brands from $307.00 to $293.00 and set an “overweight” rating for the company in a research report on Friday, October 4th. UBS Group dropped their price objective on Constellation Brands from $320.00 to $295.00 and set a “buy” rating for the company in a research note on Monday, September 9th. Roth Mkm reiterated a “buy” rating and set a $298.00 price objective on shares of Constellation Brands in a research note on Friday, October 4th. Bank of America reiterated a “neutral” rating and set a $255.00 price objective (down from $300.00) on shares of Constellation Brands in a research note on Monday, October 7th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $308.00 target price on shares of Constellation Brands in a research note on Friday, October 4th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $290.47.

Insider Activity

In related news, EVP Samuel J. Glaetzer sold 1,510 shares of Constellation Brands stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $245.57, for a total value of $370,810.70. Following the sale, the executive vice president now owns 4,970 shares of the company’s stock, valued at approximately $1,220,482.90. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Constellation Brands news, EVP Samuel J. Glaetzer sold 1,510 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $245.57, for a total transaction of $370,810.70. Following the transaction, the executive vice president now owns 4,970 shares of the company’s stock, valued at $1,220,482.90. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO William A. Newlands sold 7,426 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 7,274 shares in the company, valued at $1,725,683.76. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 128,210 shares of company stock worth $31,040,994 in the last 90 days. Corporate insiders own 12.19% of the company’s stock.

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.