Dohj LLC Makes New $503,000 Investment in Constellation Brands, Inc. (NYSE:STZ)

Dohj LLC bought a new position in Constellation Brands, Inc. (NYSE:STZ) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,080 shares of the company’s stock, valued at approximately $503,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Burns Matteson Capital Management LLC boosted its stake in Constellation Brands by 1.7% in the fourth quarter. Burns Matteson Capital Management LLC now owns 2,499 shares of the company’s stock worth $604,000 after buying an additional 42 shares in the last quarter. FAS Wealth Partners Inc. boosted its stake in shares of Constellation Brands by 3.5% during the fourth quarter. FAS Wealth Partners Inc. now owns 1,277 shares of the company’s stock valued at $309,000 after purchasing an additional 43 shares during the period. Schear Investment Advisers LLC boosted its stake in shares of Constellation Brands by 1.8% during the fourth quarter. Schear Investment Advisers LLC now owns 2,522 shares of the company’s stock valued at $610,000 after purchasing an additional 44 shares during the period. Lincoln National Corp boosted its stake in shares of Constellation Brands by 2.0% during the third quarter. Lincoln National Corp now owns 2,565 shares of the company’s stock valued at $645,000 after purchasing an additional 50 shares during the period. Finally, Patton Albertson Miller Group LLC boosted its stake in shares of Constellation Brands by 0.3% during the third quarter. Patton Albertson Miller Group LLC now owns 16,147 shares of the company’s stock valued at $4,058,000 after purchasing an additional 52 shares during the period. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on STZ shares. Roth Mkm reissued a “buy” rating and set a $305.00 price objective on shares of Constellation Brands in a research note on Friday, April 12th. BMO Capital Markets upped their target price on Constellation Brands from $290.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, April 12th. Deutsche Bank Aktiengesellschaft upped their target price on Constellation Brands from $256.00 to $262.00 and gave the company a “hold” rating in a report on Wednesday, April 10th. UBS Group upped their target price on Constellation Brands from $312.00 to $320.00 and gave the company a “buy” rating in a report on Friday, April 12th. Finally, HSBC upped their target price on Constellation Brands from $290.00 to $300.00 and gave the company a “buy” rating in a report on Friday, April 12th. Three investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $298.55.

Constellation Brands Stock Down 0.6 %

Shares of NYSE:STZ traded down $1.67 on Friday, hitting $260.04. 700,014 shares of the company traded hands, compared to its average volume of 1,410,273. Constellation Brands, Inc. has a 52 week low of $221.81 and a 52 week high of $274.87. The company has a quick ratio of 0.53, a current ratio of 1.19 and a debt-to-equity ratio of 1.06. The stock has a 50 day simple moving average of $259.80 and a 200-day simple moving average of $247.94. The company has a market cap of $47.54 billion, a PE ratio of 27.72, a PEG ratio of 1.77 and a beta of 0.97.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Thursday, April 11th. The company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.16. Constellation Brands had a return on equity of 23.06% and a net margin of 16.13%. The firm had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period last year, the company earned $1.98 earnings per share. The company’s revenue was up 7.1% on a year-over-year basis. As a group, research analysts expect that Constellation Brands, Inc. will post 13.51 earnings per share for the current year.

Constellation Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be given a dividend of $1.01 per share. The ex-dividend date is Thursday, May 2nd. This is a boost from Constellation Brands’s previous quarterly dividend of $0.89. This represents a $4.04 annualized dividend and a dividend yield of 1.55%. Constellation Brands’s dividend payout ratio (DPR) is 37.95%.

Insider Activity at Constellation Brands

In related news, EVP James A. Jr. Sabia sold 15,781 shares of the stock in a transaction on Friday, April 12th. The stock was sold at an average price of $263.63, for a total transaction of $4,160,345.03. Following the sale, the executive vice president now directly owns 20,910 shares of the company’s stock, valued at $5,512,503.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP James A. Jr. Sabia sold 15,781 shares of the stock in a transaction on Friday, April 12th. The stock was sold at an average price of $263.63, for a total transaction of $4,160,345.03. Following the sale, the executive vice president now directly owns 20,910 shares of the company’s stock, valued at $5,512,503.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO William A. Newlands sold 4,013 shares of the firm’s stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $263.25, for a total value of $1,056,422.25. Following the completion of the transaction, the chief executive officer now directly owns 5,395 shares in the company, valued at $1,420,233.75. The disclosure for this sale can be found here. 16.19% of the stock is currently owned by insiders.

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.