Lion Street Advisors LLC Makes New Investment in Constellation Brands, Inc. (NYSE:STZ)

Lion Street Advisors LLC acquired a new stake in Constellation Brands, Inc. (NYSE:STZ) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,384 shares of the company’s stock, valued at approximately $356,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Capital International Investors raised its stake in Constellation Brands by 39.4% during the 1st quarter. Capital International Investors now owns 11,685,249 shares of the company’s stock valued at $3,175,583,000 after acquiring an additional 3,304,709 shares during the last quarter. Norges Bank purchased a new stake in shares of Constellation Brands during the fourth quarter worth approximately $443,844,000. Capital World Investors lifted its holdings in shares of Constellation Brands by 8.7% during the first quarter. Capital World Investors now owns 9,040,669 shares of the company’s stock worth $2,456,892,000 after purchasing an additional 723,549 shares during the period. Boston Partners purchased a new position in Constellation Brands in the 4th quarter valued at $156,358,000. Finally, Manning & Napier Advisors LLC purchased a new position in Constellation Brands in the 2nd quarter valued at $119,394,000. 77.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $308.00 target price on shares of Constellation Brands in a research note on Wednesday, July 31st. HSBC lifted their price objective on Constellation Brands from $290.00 to $300.00 and gave the company a “buy” rating in a report on Friday, April 12th. Barclays raised their price target on Constellation Brands from $287.00 to $295.00 and gave the company an “overweight” rating in a report on Friday, July 19th. JPMorgan Chase & Co. upped their price objective on Constellation Brands from $291.00 to $320.00 and gave the stock an “overweight” rating in a report on Friday, July 5th. Finally, UBS Group increased their price objective on Constellation Brands from $315.00 to $320.00 and gave the stock a “buy” rating in a research report on Friday, July 5th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $300.28.

Insider Activity

In other Constellation Brands news, EVP Kaneenat Kristann Carey sold 977 shares of the stock in a transaction on Friday, July 12th. The stock was sold at an average price of $261.00, for a total transaction of $254,997.00. Following the transaction, the executive vice president now owns 2,706 shares of the company’s stock, valued at approximately $706,266. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Daniel J. Mccarthy sold 1,854 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $252.43, for a total transaction of $468,005.22. Following the transaction, the director now directly owns 3,232 shares in the company, valued at approximately $815,853.76. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Kaneenat Kristann Carey sold 977 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $261.00, for a total transaction of $254,997.00. Following the completion of the sale, the executive vice president now owns 2,706 shares of the company’s stock, valued at $706,266. The disclosure for this sale can be found here. Company insiders own 12.19% of the company’s stock.

Constellation Brands Price Performance

Shares of STZ stock traded up $1.54 during trading hours on Friday, hitting $241.41. The company’s stock had a trading volume of 890,649 shares, compared to its average volume of 1,202,049. The company has a current ratio of 1.19, a quick ratio of 0.53 and a debt-to-equity ratio of 1.06. Constellation Brands, Inc. has a twelve month low of $227.50 and a twelve month high of $274.87. The stock has a market cap of $44.17 billion, a price-to-earnings ratio of 17.99, a P/E/G ratio of 1.62 and a beta of 1.75. The business has a fifty day moving average of $251.70 and a 200-day moving average of $254.18.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Wednesday, July 3rd. The company reported $3.57 earnings per share for the quarter, topping the consensus estimate of $3.46 by $0.11. Constellation Brands had a return on equity of 23.72% and a net margin of 22.70%. The company had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter last year, the business posted $2.91 earnings per share. Constellation Brands’s revenue was up 5.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Constellation Brands, Inc. will post 13.57 EPS for the current year.

Constellation Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Wednesday, August 14th will be paid a dividend of $1.01 per share. The ex-dividend date is Wednesday, August 14th. This represents a $4.04 annualized dividend and a dividend yield of 1.67%. Constellation Brands’s dividend payout ratio is currently 30.10%.

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.