Callan Family Office LLC Purchases New Position in Constellation Brands, Inc. (NYSE:STZ)

Callan Family Office LLC purchased a new stake in Constellation Brands, Inc. (NYSE:STZ) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 834 shares of the company’s stock, valued at approximately $215,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Mather Group LLC. increased its stake in shares of Constellation Brands by 13.0% in the 3rd quarter. Mather Group LLC. now owns 703 shares of the company’s stock valued at $181,000 after purchasing an additional 81 shares in the last quarter. Oak Asset Management LLC increased its stake in shares of Constellation Brands by 2.9% in the 3rd quarter. Oak Asset Management LLC now owns 17,540 shares of the company’s stock valued at $4,520,000 after purchasing an additional 498 shares in the last quarter. Diversified Trust Co increased its stake in shares of Constellation Brands by 6.2% in the 3rd quarter. Diversified Trust Co now owns 929 shares of the company’s stock valued at $239,000 after purchasing an additional 54 shares in the last quarter. Czech National Bank increased its stake in shares of Constellation Brands by 4.0% in the 3rd quarter. Czech National Bank now owns 31,918 shares of the company’s stock valued at $8,225,000 after purchasing an additional 1,239 shares in the last quarter. Finally, Mirador Capital Partners LP boosted its holdings in Constellation Brands by 6.0% in the 3rd quarter. Mirador Capital Partners LP now owns 5,429 shares of the company’s stock worth $1,399,000 after buying an additional 308 shares during the last quarter. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Insider Buying and Selling

In related news, CFO Garth Hankinson sold 13,583 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $240.00, for a total transaction of $3,259,920.00. Following the completion of the transaction, the chief financial officer now owns 11,702 shares in the company, valued at approximately $2,808,480. 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 is accessible through the SEC website. In other Constellation Brands news, CFO Garth Hankinson sold 13,583 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $240.00, for a total value of $3,259,920.00. Following the completion of the transaction, the chief financial officer now owns 11,702 shares in the company, valued at $2,808,480. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Daniel J. Mccarthy sold 1,854 shares of the company’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 of the company’s stock, valued at $815,853.76. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,414 shares of company stock worth $3,982,922. Corporate insiders own 12.19% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on STZ shares. Jefferies Financial Group lifted their price objective on Constellation Brands from $310.00 to $311.00 and gave the stock a “buy” rating in a report on Friday, July 5th. Barclays lowered their price objective on Constellation Brands from $309.00 to $300.00 and set an “overweight” rating on the stock in a report on Monday. UBS Group lowered their price objective on Constellation Brands from $320.00 to $295.00 and set a “buy” rating on the stock in a report on Monday, September 9th. Roth Mkm reiterated a “buy” rating and issued a $298.00 price objective on shares of Constellation Brands in a report on Friday, October 4th. Finally, Morgan Stanley lowered their price objective on Constellation Brands from $305.00 to $280.00 and set an “overweight” rating on the stock in a report on Monday, August 26th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Constellation Brands currently has an average rating of “Moderate Buy” and an average target price of $291.06.

Constellation Brands Stock Down 0.8 %

Shares of NYSE STZ opened at $241.13 on Wednesday. The firm has a market cap of $44.12 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 1.74 and a beta of 1.75. The company has a quick ratio of 0.53, a current ratio of 1.19 and a debt-to-equity ratio of 1.06. Constellation Brands, Inc. has a 52-week low of $227.50 and a 52-week high of $274.87. The business’s 50 day moving average is $246.47 and its two-hundred day moving average is $253.10.

Constellation Brands (NYSE:STZ) last announced its earnings results on Thursday, October 3rd. The company reported $4.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.08 by $0.24. The company had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.95 billion. Constellation Brands had a return on equity of 23.72% and a net margin of 22.70%. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.70 earnings per share. Research analysts predict that Constellation Brands, Inc. will post 13.53 EPS for the current year.

Constellation Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Tuesday, November 5th will be paid a dividend of $1.01 per share. The ex-dividend date is Tuesday, November 5th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.68%. Constellation Brands’s payout ratio is currently 30.10%.

About Constellation Brands

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.