River Wealth Advisors LLC Acquires 1,167 Shares of Constellation Brands Inc (STZ)

River Wealth Advisors LLC lifted its holdings in Constellation Brands Inc (NYSE:STZ) by 57.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,197 shares of the company’s stock after purchasing an additional 1,167 shares during the period. River Wealth Advisors LLC’s holdings in Constellation Brands were worth $638,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. BlackRock Inc. lifted its stake in shares of Constellation Brands by 0.9% in the 2nd quarter. BlackRock Inc. now owns 11,708,547 shares of the company’s stock worth $2,268,295,000 after purchasing an additional 103,312 shares during the period. Vanguard Group Inc. lifted its stake in shares of Constellation Brands by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 11,276,593 shares of the company’s stock worth $2,184,613,000 after purchasing an additional 350,346 shares during the period. Egerton Capital UK LLP lifted its stake in shares of Constellation Brands by 13.0% in the 3rd quarter. Egerton Capital UK LLP now owns 3,071,057 shares of the company’s stock worth $612,522,000 after purchasing an additional 353,490 shares during the period. Alliancebernstein L.P. lifted its stake in shares of Constellation Brands by 87.9% in the 2nd quarter. Alliancebernstein L.P. now owns 1,681,471 shares of the company’s stock worth $325,751,000 after purchasing an additional 786,726 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Constellation Brands by 488.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,192,858 shares of the company’s stock worth $231,093,000 after purchasing an additional 990,152 shares during the period. Hedge funds and other institutional investors own 74.38% of the company’s stock.

Shares of Constellation Brands Inc (NYSE STZ) traded up $2.09 on Tuesday, reaching $220.76. 885,400 shares of the company’s stock were exchanged, compared to its average volume of 1,486,367. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.69 and a current ratio of 1.61. Constellation Brands Inc has a twelve month low of $144.00 and a twelve month high of $221.50. The stock has a market cap of $42,773.38, a price-to-earnings ratio of 26.50, a P/E/G ratio of 1.41 and a beta of 0.10.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Thursday, October 5th. The company reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.17 by $0.30. Constellation Brands had a net margin of 21.47% and a return on equity of 22.81%. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same period last year, the firm posted $1.77 EPS. The company’s revenue was up 3.1% on a year-over-year basis. equities research analysts expect that Constellation Brands Inc will post 8.43 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 21st. Investors of record on Tuesday, November 7th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Monday, November 6th. Constellation Brands’s dividend payout ratio (DPR) is presently 23.85%.

STZ has been the topic of several recent research reports. Cowen and Company reiterated a “buy” rating and issued a $230.00 price objective on shares of Constellation Brands in a research note on Thursday, August 3rd. Royal Bank Of Canada reiterated a “buy” rating and issued a $220.00 price objective on shares of Constellation Brands in a research note on Wednesday, August 2nd. BidaskClub cut shares of Constellation Brands from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Pivotal Research increased their price objective on shares of Constellation Brands from $250.00 to $265.00 and gave the stock a “buy” rating in a research note on Thursday, October 5th. Finally, Stifel Nicolaus increased their target price on shares of Constellation Brands from $216.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, October 6th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $216.00.

In related news, VP Thomas J. Mullin sold 18,227 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $217.01, for a total value of $3,955,441.27. Following the completion of the transaction, the vice president now directly owns 72,924 shares of the company’s stock, valued at $15,825,237.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Thomas J. Mullin sold 50,000 shares of the firm’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $209.45, for a total transaction of $10,472,500.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 86,179 shares of company stock valued at $18,030,434. 15.59% of the stock is currently owned by insiders.

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About Constellation Brands

Constellation Brands, Inc is an international beverage alcohol company. The Company is a producer and marketer of beer, wine and spirits with operations in the United States, Canada, Mexico, New Zealand and Italy. Its segments include Beer, Wine and Spirits, and Corporate Operations and Other. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States.

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Institutional Ownership by Quarter for Constellation Brands (NYSE:STZ)

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