Creative Planning Acquires 1,162 Shares of Constellation Brands, Inc. (NYSE:STZ)

Creative Planning lifted its stake in Constellation Brands, Inc. (NYSE:STZ) by 2.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,487 shares of the company’s stock after acquiring an additional 1,162 shares during the quarter. Creative Planning’s holdings in Constellation Brands were worth $13,761,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of STZ. Copperwynd Financial LLC boosted its holdings in Constellation Brands by 10.0% in the 2nd quarter. Copperwynd Financial LLC now owns 3,058 shares of the company’s stock worth $750,000 after buying an additional 279 shares during the period. MidWestOne Financial Group Inc. lifted its holdings in shares of Constellation Brands by 3.3% in the 2nd quarter. MidWestOne Financial Group Inc. now owns 6,750 shares of the company’s stock valued at $1,737,000 after acquiring an additional 214 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of Constellation Brands in the 2nd quarter worth approximately $1,106,000. Scientech Research LLC purchased a new position in shares of Constellation Brands during the 2nd quarter worth about $1,506,000. Finally, Legal & General Group Plc lifted its stake in shares of Constellation Brands by 5.7% during the 2nd quarter. Legal & General Group Plc now owns 1,335,976 shares of the company’s stock worth $343,717,000 after acquiring an additional 72,637 shares during the last quarter. 77.34% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Kaneenat Kristann Carey sold 977 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $261.00, for a total value of $254,997.00. Following the completion of the transaction, the executive vice president now owns 2,706 shares of the company’s stock, valued at approximately $706,266. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Constellation Brands news, EVP Kaneenat Kristann Carey sold 977 shares of the stock in a transaction on Friday, July 12th. The shares were sold at an average price of $261.00, for a total transaction of $254,997.00. Following the transaction, the executive vice president now directly owns 2,706 shares of the company’s stock, valued at $706,266. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel J. Mccarthy sold 1,854 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $252.43, for a total transaction of $468,005.22. Following the completion of the transaction, the director now owns 3,232 shares in the company, valued at $815,853.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,414 shares of company stock worth $3,982,922. 12.19% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

STZ has been the subject of a number of research reports. UBS Group lowered their price target on Constellation Brands from $320.00 to $295.00 and set a “buy” rating for the company in a report on Monday, September 9th. Jefferies Financial Group raised their price objective on Constellation Brands from $310.00 to $311.00 and gave the stock a “buy” rating in a research report on Friday, July 5th. Barclays boosted their target price on shares of Constellation Brands from $295.00 to $309.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 24th. Morgan Stanley reduced their price objective on Constellation Brands from $305.00 to $280.00 and set an “overweight” rating for the company in a research note on Monday, August 26th. Finally, Roth Mkm decreased their target price on shares of Constellation Brands from $303.00 to $298.00 and set a “buy” rating for the company in a research report on Wednesday, September 4th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $297.12.

Constellation Brands Trading Down 0.3 %

Shares of STZ stock opened at $257.58 on Tuesday. Constellation Brands, Inc. has a 1-year low of $227.50 and a 1-year high of $274.87. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.19 and a quick ratio of 0.53. The firm’s 50-day simple moving average is $246.37 and its 200-day simple moving average is $253.76. The firm has a market cap of $47.13 billion, a P/E ratio of 19.19, a PEG ratio of 1.74 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Wednesday, July 3rd. The company reported $3.57 EPS for the quarter, beating the consensus estimate of $3.46 by $0.11. Constellation Brands had a return on equity of 23.72% and a net margin of 22.70%. The company had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same period last year, the company posted $2.91 earnings per share. The firm’s revenue was up 5.8% compared to the same quarter last year. As a group, equities analysts forecast that Constellation Brands, Inc. will post 13.53 EPS for the current year.

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 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.