Wedmont Private Capital Purchases 179 Shares of Constellation Brands, Inc. (NYSE:STZ)

Wedmont Private Capital raised its holdings in Constellation Brands, Inc. (NYSE:STZ) by 15.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,359 shares of the company’s stock after purchasing an additional 179 shares during the period. Wedmont Private Capital’s holdings in Constellation Brands were worth $357,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Constellation Brands in the 4th quarter valued at approximately $443,844,000. Darsana Capital Partners LP raised its position in shares of Constellation Brands by 288.9% in the 3rd quarter. Darsana Capital Partners LP now owns 875,000 shares of the company’s stock valued at $219,914,000 after buying an additional 650,000 shares in the last quarter. Boston Partners acquired a new position in shares of Constellation Brands in the 4th quarter valued at approximately $156,358,000. International Assets Investment Management LLC increased its position in Constellation Brands by 24,922.5% during the 4th quarter. International Assets Investment Management LLC now owns 567,010 shares of the company’s stock worth $137,075,000 after purchasing an additional 564,744 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Constellation Brands by 38.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,403,495 shares of the company’s stock worth $335,402,000 after purchasing an additional 388,390 shares in the last quarter. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Price Performance

Shares of NYSE:STZ opened at $263.50 on Friday. The company has a quick ratio of 0.53, a current ratio of 1.19 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $48.22 billion, a PE ratio of 28.09, a P/E/G ratio of 1.80 and a beta of 0.89. Constellation Brands, Inc. has a twelve month low of $227.50 and a twelve month high of $274.87. The company has a 50-day moving average price of $255.18 and a two-hundred day moving average price of $252.70.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Thursday, April 11th. The company reported $2.26 EPS for the quarter, beating 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 company had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same period last year, the business earned $1.98 earnings per share. Constellation Brands’s revenue was up 7.1% compared to the same quarter last year. Equities analysts forecast that Constellation Brands, Inc. will post 13.53 EPS for the current 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. This is an increase from Constellation Brands’s previous quarterly dividend of $0.89. This represents a $4.04 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date was Thursday, May 2nd. Constellation Brands’s dividend payout ratio (DPR) is currently 43.07%.

Insider Activity at Constellation Brands

In related news, EVP James A. Jr. Sabia sold 15,781 shares of the firm’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 value of $4,160,345.03. Following the sale, the executive vice president now directly owns 20,910 shares of the company’s stock, valued at $5,512,503.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP James A. Jr. Sabia sold 15,781 shares of the firm’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 value of $4,160,345.03. Following the sale, the executive vice president now directly owns 20,910 shares of the company’s stock, valued at $5,512,503.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael Mcgrew sold 3,237 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $255.50, for a total transaction of $827,053.50. Following the completion of the sale, the executive vice president now directly owns 1,731 shares in the company, valued at $442,270.50. The disclosure for this sale can be found here. Insiders have sold 48,031 shares of company stock valued at $12,582,321 over the last three months. 12.19% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on STZ. Royal Bank of Canada reiterated an “outperform” rating and set a $308.00 price objective on shares of Constellation Brands in a research report on Tuesday, May 28th. Wedbush reissued an “outperform” rating and set a $300.00 target price on shares of Constellation Brands in a report on Wednesday, April 10th. BMO Capital Markets upped their price objective on shares of Constellation Brands from $290.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, April 12th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Constellation Brands from $256.00 to $262.00 and gave the company a “hold” rating in a research note on Wednesday, April 10th. Finally, Barclays reduced their price objective on shares of Constellation Brands from $295.00 to $288.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 29th. Three analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Constellation Brands currently has a consensus rating of “Moderate Buy” and a consensus price target of $298.37.

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.