Burney Co. Purchases 50 Shares of Constellation Brands, Inc. (NYSE:STZ)

Burney Co. boosted its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 0.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,268 shares of the company’s stock after buying an additional 50 shares during the quarter. Burney Co.’s holdings in Constellation Brands were worth $3,758,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Veritable L.P. boosted its holdings in shares of Constellation Brands by 2.9% during the second quarter. Veritable L.P. now owns 4,300 shares of the company’s stock worth $1,058,000 after purchasing an additional 120 shares during the period. Vestor Capital LLC lifted its holdings in Constellation Brands by 7,956.3% in the 2nd quarter. Vestor Capital LLC now owns 38,670 shares of the company’s stock worth $4,706,000 after buying an additional 38,190 shares during the period. Kingswood Wealth Advisors LLC bought a new stake in shares of Constellation Brands in the 2nd quarter worth approximately $652,000. Cumberland Partners Ltd purchased a new position in shares of Constellation Brands during the second quarter valued at approximately $1,362,000. Finally, Intech Investment Management LLC raised its holdings in shares of Constellation Brands by 6.4% during the second quarter. Intech Investment Management LLC now owns 12,266 shares of the company’s stock valued at $3,019,000 after acquiring an additional 737 shares in the last quarter. Hedge funds and other institutional investors own 88.99% of the company’s stock.

Insider Buying and Selling at Constellation Brands

In other Constellation Brands news, major shareholder Family Foundation Sands sold 136,362 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $242.27, for a total value of $33,036,421.74. Following the transaction, the insider now owns 681,792 shares of the company’s stock, valued at $165,177,747.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 16.19% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Roth Mkm reaffirmed a “buy” rating and issued a $311.00 target price on shares of Constellation Brands in a research report on Friday, October 6th. Evercore ISI upped their target price on Constellation Brands from $260.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, July 19th. Wedbush increased their target price on Constellation Brands from $275.00 to $300.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 3rd. StockNews.com began coverage on Constellation Brands in a research report on Thursday, October 5th. They set a “hold” rating on the stock. Finally, HSBC increased their price objective on Constellation Brands from $280.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, October 6th. Five equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, Constellation Brands has a consensus rating of “Moderate Buy” and an average price target of $277.38.

Constellation Brands Trading Up 0.4 %

Constellation Brands stock opened at $241.85 on Wednesday. Constellation Brands, Inc. has a one year low of $208.12 and a one year high of $273.65. The business’s fifty day moving average is $244.72 and its 200 day moving average is $248.18. The stock has a market capitalization of $44.43 billion, a PE ratio of 29.46, a price-to-earnings-growth ratio of 1.90 and a beta of 1.05. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.20 and a quick ratio of 0.57.

Constellation Brands (NYSE:STZ) last posted its earnings results on Thursday, October 5th. The company reported $3.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.37 by $0.33. Constellation Brands had a net margin of 14.41% and a return on equity of 23.35%. The business had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter in the prior year, the business earned $3.17 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, sell-side analysts predict that Constellation Brands, Inc. will post 11.87 EPS for the current year.

Constellation Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Friday, November 3rd will be given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Thursday, November 2nd. Constellation Brands’s dividend payout ratio (DPR) is presently 43.36%.

Constellation Brands 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 Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Victoria, Vicky Chamoy, and Pacifico brands.