Prentice Wealth Management LLC Buys 139 Shares of Constellation Brands, Inc. (NYSE:STZ)

Prentice Wealth Management LLC grew its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 4.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,600 shares of the company’s stock after purchasing an additional 139 shares during the period. Prentice Wealth Management LLC’s holdings in Constellation Brands were worth $978,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of STZ. BKM Wealth Management LLC purchased a new position in shares of Constellation Brands during the fourth quarter valued at approximately $28,000. Asset Dedication LLC raised its holdings in shares of Constellation Brands by 3,833.3% during the third quarter. Asset Dedication LLC now owns 118 shares of the company’s stock valued at $30,000 after purchasing an additional 115 shares during the last quarter. Kapitalo Investimentos Ltda purchased a new position in shares of Constellation Brands during the fourth quarter valued at approximately $35,000. First Financial Corp IN purchased a new stake in Constellation Brands during the first quarter valued at approximately $35,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new stake in Constellation Brands during the fourth quarter valued at approximately $37,000. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Stock Down 0.3 %

Shares of NYSE:STZ traded down $0.82 during trading on Wednesday, reaching $260.86. The stock had a trading volume of 390,973 shares, compared to its average volume of 1,184,122. Constellation Brands, Inc. has a one year low of $227.50 and a one year high of $274.87. The company has a market capitalization of $47.73 billion, a P/E ratio of 27.92, a PEG ratio of 1.74 and a beta of 0.89. The company has a current ratio of 1.19, a quick ratio of 0.53 and a debt-to-equity ratio of 1.06. The firm’s 50-day simple moving average is $255.39 and its 200 day simple moving average is $253.33.

Constellation Brands (NYSE:STZ) last released its earnings results on Thursday, April 11th. The company reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.16. The company had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Constellation Brands had a net margin of 16.13% and a return on equity of 23.06%. Constellation Brands’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period last year, the business earned $1.98 EPS. As a group, research analysts expect that Constellation Brands, Inc. will post 13.67 EPS for the current fiscal year.

Constellation Brands Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Friday, May 3rd were paid a $1.01 dividend. The ex-dividend date of this dividend was Thursday, May 2nd. This is a boost from Constellation Brands’s previous quarterly dividend of $0.89. This represents a $4.04 dividend on an annualized basis and a yield of 1.55%. Constellation Brands’s dividend payout ratio (DPR) is 43.07%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of Constellation Brands from $256.00 to $262.00 and gave the company a “hold” rating in a report on Wednesday, April 10th. Roth Mkm reiterated a “buy” rating and issued a $305.00 price target on shares of Constellation Brands in a research report on Friday, April 12th. Argus upgraded shares of Constellation Brands from a “hold” rating to a “buy” rating and set a $306.00 target price for the company in a research report on Monday, April 15th. Barclays dropped their target price on shares of Constellation Brands from $295.00 to $288.00 and set an “overweight” rating for the company in a research report on Wednesday, May 29th. Finally, UBS Group dropped their target price on shares of Constellation Brands from $320.00 to $315.00 and set a “buy” rating for the company in a research report on Thursday, June 20th. Three equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $298.37.

Insider Buying and Selling

In other Constellation Brands news, CEO William A. Newlands sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $261.54, for a total transaction of $6,538,500.00. Following the completion of the transaction, the chief executive officer now directly owns 14,700 shares of the company’s stock, valued at approximately $3,844,638. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO William A. Newlands sold 25,000 shares of Constellation Brands stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $261.54, for a total transaction of $6,538,500.00. Following the completion of the transaction, the chief executive officer now directly owns 14,700 shares of the company’s stock, valued at approximately $3,844,638. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP James A. Jr. Sabia sold 15,781 shares of the business’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $263.63, for a total transaction of $4,160,345.03. Following the completion of the transaction, the executive vice president now owns 20,910 shares of the company’s stock, valued at $5,512,503.30. The disclosure for this sale can be found here. Insiders sold 48,031 shares of company stock worth $12,582,321 in the last three months. Corporate insiders own 12.19% of the company’s stock.

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.