Investors Asset Management of Georgia Inc. GA ADV Purchases 275 Shares of Constellation Brands, Inc. (NYSE:STZ)

Investors Asset Management of Georgia Inc. GA ADV increased its position in Constellation Brands, Inc. (NYSE:STZ) by 22.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,497 shares of the company’s stock after buying an additional 275 shares during the period. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Constellation Brands were worth $386,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Capital International Investors grew its position in shares of Constellation Brands by 39.4% during the first quarter. Capital International Investors now owns 11,685,249 shares of the company’s stock worth $3,175,583,000 after purchasing an additional 3,304,709 shares in the last quarter. Capital World Investors lifted its position in shares of Constellation Brands by 8.7% in the first quarter. Capital World Investors now owns 9,040,669 shares of the company’s stock worth $2,456,892,000 after buying an additional 723,549 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Constellation Brands by 23,184.7% during the 3rd quarter. International Assets Investment Management LLC now owns 499,689 shares of the company’s stock valued at $128,765,000 after acquiring an additional 497,543 shares during the last quarter. Manning & Napier Advisors LLC bought a new position in Constellation Brands during the second quarter valued at $119,394,000. Finally, Vanguard Group Inc. raised its position in shares of Constellation Brands by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 13,705,793 shares of the company’s stock valued at $3,724,686,000 after buying an additional 462,891 shares in the last quarter. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Insider Activity at Constellation Brands

In other Constellation Brands news, EVP Samuel J. Glaetzer sold 1,510 shares of the business’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $245.57, for a total value of $370,810.70. Following the completion of the transaction, the executive vice president now directly owns 4,970 shares in the company, valued at approximately $1,220,482.90. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Robert Sands sold 119,274 shares of the business’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $242.37, for a total transaction of $28,908,439.38. Following the transaction, the director now directly owns 431,729 shares in the company, valued at $104,638,157.73. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Samuel J. Glaetzer sold 1,510 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $245.57, for a total value of $370,810.70. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 141,793 shares of company stock valued at $34,300,914 over the last quarter. 12.19% of the stock is owned by corporate insiders.

Constellation Brands Stock Up 0.2 %

Shares of Constellation Brands stock traded up $0.43 during trading on Friday, hitting $232.77. 1,351,116 shares of the stock traded hands, compared to its average volume of 1,186,563. The company has a current ratio of 1.25, a quick ratio of 0.53 and a debt-to-equity ratio of 1.31. The stock’s fifty day simple moving average is $245.43 and its 200 day simple moving average is $249.70. The firm has a market cap of $42.26 billion, a P/E ratio of 75.33, a price-to-earnings-growth ratio of 1.66 and a beta of 0.88. Constellation Brands, Inc. has a 52-week low of $231.70 and a 52-week high of $274.87.

Constellation Brands (NYSE:STZ) last posted its 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. Constellation Brands had a net margin of 5.29% and a return on equity of 25.34%. The business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.95 billion. During the same quarter last year, the firm posted $3.70 EPS. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities analysts predict that Constellation Brands, Inc. will post 13.57 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Tuesday, November 5th will be given a dividend of $1.01 per share. The ex-dividend date is Tuesday, November 5th. This represents a $4.04 annualized dividend and a yield of 1.74%. Constellation Brands’s dividend payout ratio (DPR) is presently 130.74%.

Analyst Ratings Changes

STZ has been the topic of several analyst reports. Roth Mkm reissued a “buy” rating and set a $298.00 price objective on shares of Constellation Brands in a research note on Friday, October 4th. Truist Financial decreased their price target on Constellation Brands from $265.00 to $255.00 and set a “hold” rating on the stock in a report on Friday, October 4th. Barclays dropped their price objective on shares of Constellation Brands from $309.00 to $300.00 and set an “overweight” rating for the company in a research note on Monday, October 7th. Evercore ISI lowered their target price on shares of Constellation Brands from $310.00 to $300.00 and set an “outperform” rating for the company in a report on Friday, October 4th. Finally, Jefferies Financial Group lifted their price target on shares of Constellation Brands from $310.00 to $311.00 and gave the stock a “buy” rating in a research note on Friday, July 5th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $290.47.

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.