Doliver Advisors LP Invests $348,000 in Constellation Brands, Inc. (NYSE:STZ)

Doliver Advisors LP acquired a new stake in Constellation Brands, Inc. (NYSE:STZ) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 1,573 shares of the company’s stock, valued at approximately $348,000.

A number of other large investors have also bought and sold shares of STZ. Versant Capital Management Inc boosted its holdings in shares of Constellation Brands by 887.5% in the fourth quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock valued at $35,000 after buying an additional 142 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in Constellation Brands during the 2nd quarter worth about $36,000. Wellington Shields & Co. LLC lifted its holdings in shares of Constellation Brands by 50.0% in the second quarter. Wellington Shields & Co. LLC now owns 150 shares of the company’s stock valued at $39,000 after purchasing an additional 50 shares in the last quarter. Eastern Bank acquired a new position in shares of Constellation Brands during the third quarter worth about $39,000. Finally, FSA Wealth Management LLC bought a new position in shares of Constellation Brands during the third quarter worth about $42,000. 77.34% of the stock is owned by institutional investors.

Insider Transactions at Constellation Brands

In other Constellation Brands news, Director Robert Sands sold 119,274 shares of Constellation Brands stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $242.37, for a total value of $28,908,439.38. Following the completion of the transaction, the director now directly owns 431,729 shares of the company’s stock, valued at $104,638,157.73. The trade was a 21.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Wildstar Partners Llc sold 660 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total value of $159,060.00. Following the sale, the insider now directly owns 1,736,884 shares in the company, valued at approximately $418,589,044. This trade represents a 0.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 189,956 shares of company stock valued at $46,058,091. 12.19% of the stock is currently owned by corporate insiders.

Constellation Brands Stock Performance

Shares of STZ stock traded up $2.22 during midday trading on Monday, hitting $224.14. 1,066,182 shares of the company were exchanged, compared to its average volume of 1,346,185. The firm has a market capitalization of $40.70 billion, a P/E ratio of 72.54, a PEG ratio of 1.69 and a beta of 1.75. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.53 and a current ratio of 1.25. Constellation Brands, Inc. has a 52 week low of $217.52 and a 52 week high of $274.87. The firm’s 50 day moving average price is $234.13 and its two-hundred day moving average price is $243.06.

Constellation Brands (NYSE:STZ) last posted its earnings results on Thursday, October 3rd. The company reported $4.32 EPS for the quarter, beating the consensus estimate of $4.08 by $0.24. The company had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.95 billion. Constellation Brands had a return on equity of 25.34% and a net margin of 5.29%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.70 earnings per share. As a group, equities research analysts anticipate that Constellation Brands, Inc. will post 13.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on STZ. Bank of America reaffirmed a “neutral” rating and set a $255.00 price target (down previously from $300.00) on shares of Constellation Brands in a research report on Monday, October 7th. UBS Group decreased their target price on shares of Constellation Brands from $320.00 to $295.00 and set a “buy” rating for the company in a research report on Monday, September 9th. JPMorgan Chase & Co. cut their price target on shares of Constellation Brands from $307.00 to $293.00 and set an “overweight” rating on the stock in a research report on Friday, October 4th. Roth Mkm restated a “buy” rating and issued a $298.00 price objective on shares of Constellation Brands in a report on Friday, October 4th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $308.00 target price on shares of Constellation Brands in a report on Tuesday, November 19th. Five analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, Constellation Brands currently has an average rating of “Moderate Buy” and a consensus price target of $288.70.

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.