Apollon Wealth Management LLC Acquires 7,163 Shares of Constellation Brands Inc $STZ

Apollon Wealth Management LLC grew its holdings in shares of Constellation Brands Inc (NYSE:STZ) by 110.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 13,634 shares of the company’s stock after purchasing an additional 7,163 shares during the period. Apollon Wealth Management LLC’s holdings in Constellation Brands were worth $1,836,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. SWS Partners raised its holdings in Constellation Brands by 5.2% during the third quarter. SWS Partners now owns 6,733 shares of the company’s stock worth $907,000 after acquiring an additional 333 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Constellation Brands by 14.9% during the third quarter. Pacer Advisors Inc. now owns 938,469 shares of the company’s stock worth $126,384,000 after buying an additional 121,450 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in Constellation Brands by 2.6% in the third quarter. Harbor Capital Advisors Inc. now owns 3,113 shares of the company’s stock valued at $419,000 after acquiring an additional 79 shares during the last quarter. Norden Group LLC raised its holdings in shares of Constellation Brands by 102.8% in the 3rd quarter. Norden Group LLC now owns 7,062 shares of the company’s stock valued at $951,000 after purchasing an additional 3,579 shares during the period. Finally, World Investment Advisors lifted its stake in Constellation Brands by 18.8% in the 3rd quarter. World Investment Advisors now owns 3,272 shares of the company’s stock valued at $441,000 after purchasing an additional 518 shares during the last quarter. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Constellation Brands Stock Up 1.3%

Shares of NYSE STZ opened at $140.27 on Wednesday. The stock’s fifty day moving average is $136.12 and its 200 day moving average is $149.40. The stock has a market capitalization of $24.55 billion, a P/E ratio of 20.48, a PEG ratio of 0.42 and a beta of 0.46. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.54 and a current ratio of 1.08. Constellation Brands Inc has a 52 week low of $126.45 and a 52 week high of $228.89.

Constellation Brands (NYSE:STZ) last issued its earnings results on Thursday, February 23rd. The company reported $3.12 earnings per share for the quarter. Constellation Brands had a return on equity of 29.82% and a net margin of 11.88%.The firm had revenue of $2.32 billion for the quarter. Sell-side analysts forecast that Constellation Brands Inc will post 13.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on STZ shares. Jefferies Financial Group dropped their price objective on Constellation Brands from $205.00 to $179.00 and set a “buy” rating on the stock in a research note on Wednesday, September 3rd. BNP Paribas lowered Constellation Brands from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 3rd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Constellation Brands in a report on Monday. Bank of America reduced their price objective on shares of Constellation Brands from $150.00 to $142.00 and set an “underperform” rating for the company in a research report on Wednesday, September 3rd. Finally, Wells Fargo & Company decreased their price objective on shares of Constellation Brands from $170.00 to $155.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, Constellation Brands currently has a consensus rating of “Hold” and an average target price of $181.96.

About Constellation Brands

Constellation Brands, Inc is a leading producer and marketer of beer, wine and spirits, with operations spanning production, importation, marketing and distribution. The company’s beverage portfolio includes a range of premium and mainstream wines and spirits alongside major imported beer brands; in the U.S. market Constellation is widely known for its role in bringing Mexican imports such as Corona and Modelo to American consumers. Constellation supplies retail, on‑premise and foodservice channels and supports its brands with national sales and marketing platforms and supply‑chain capabilities.

The company traces its roots to the Canandaigua Wine Company, founded by Marvin Sands in 1945, and evolved through organic growth and acquisition into a diversified beverage company.