Telemus Capital LLC Buys 362 Shares of Constellation Brands, Inc. (NYSE:STZ)

Telemus Capital LLC lifted its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 1.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 25,560 shares of the company’s stock after acquiring an additional 362 shares during the period. Telemus Capital LLC’s holdings in Constellation Brands were worth $6,179,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in STZ. OLD National Bancorp IN lifted its stake in Constellation Brands by 4.8% in the fourth quarter. OLD National Bancorp IN now owns 48,654 shares of the company’s stock worth $11,762,000 after purchasing an additional 2,216 shares during the last quarter. Klingenstein Fields & Co. LP lifted its stake in Constellation Brands by 1.0% in the fourth quarter. Klingenstein Fields & Co. LP now owns 115,560 shares of the company’s stock worth $27,937,000 after purchasing an additional 1,113 shares during the last quarter. Cetera Trust Company N.A bought a new stake in Constellation Brands in the fourth quarter worth $109,000. CWM LLC lifted its stake in Constellation Brands by 18.4% in the fourth quarter. CWM LLC now owns 5,273 shares of the company’s stock worth $1,275,000 after purchasing an additional 820 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Constellation Brands by 1.2% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,211 shares of the company’s stock worth $3,677,000 after purchasing an additional 181 shares during the last quarter. 77.34% of the stock is owned by institutional investors.

Constellation Brands Stock Performance

STZ opened at $259.68 on Tuesday. The stock has a market capitalization of $47.47 billion, a price-to-earnings ratio of 27.68, a PEG ratio of 1.76 and a beta of 0.97. The company has a fifty day moving average of $258.44 and a 200 day moving average of $247.40. Constellation Brands, Inc. has a fifty-two week low of $221.81 and a fifty-two week high of $274.87. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.53 and a current ratio of 1.19.

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

Constellation Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be issued a dividend of $1.01 per share. This is a positive change from Constellation Brands’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $4.04 dividend on an annualized basis and a yield of 1.56%. Constellation Brands’s dividend payout ratio (DPR) is presently 37.95%.

Insider Buying and Selling at Constellation Brands

In other Constellation Brands news, EVP James A. Jr. Sabia sold 15,781 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now owns 20,910 shares of the company’s stock, valued at approximately $5,512,503.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 16.19% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on STZ shares. TheStreet downgraded shares of Constellation Brands from a “b” rating to a “c+” rating in a research note on Friday, January 5th. Evercore ISI upped their price objective on shares of Constellation Brands from $300.00 to $310.00 and gave the stock an “outperform” rating in a report on Friday, April 12th. Roth Mkm restated a “buy” rating and issued a $305.00 price objective on shares of Constellation Brands in a report on Friday, April 12th. Jefferies Financial Group upped their price objective on shares of Constellation Brands from $292.00 to $314.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Finally, BMO Capital Markets upped their price objective on shares of Constellation Brands from $290.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, April 12th. Three analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $298.55.

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.