Stephens Inc. AR bought a new position in Constellation Brands Inc (NYSE:STZ) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,110 shares of the company’s stock, valued at approximately $342,000.

Other hedge funds have also added to or reduced their stakes in the company. Hanson McClain Inc. raised its stake in Constellation Brands by 0.3% in the first quarter. Hanson McClain Inc. now owns 769 shares of the company’s stock worth $125,000 after buying an additional 2 shares during the last quarter. Concert Wealth Management Inc. increased its position in Constellation Brands by 0.7% in the first quarter. Concert Wealth Management Inc. now owns 1,379 shares of the company’s stock worth $212,000 after buying an additional 10 shares during the last quarter. Quadrant Capital Group LLC increased its position in Constellation Brands by 3.2% in the first quarter. Quadrant Capital Group LLC now owns 765 shares of the company’s stock worth $115,000 after buying an additional 24 shares during the last quarter. Atria Investments LLC increased its position in Constellation Brands by 1.6% in the first quarter. Atria Investments LLC now owns 1,702 shares of the company’s stock worth $276,000 after buying an additional 26 shares during the last quarter. Finally, Usca Ria LLC increased its position in Constellation Brands by 0.8% in the first quarter. Usca Ria LLC now owns 6,140 shares of the company’s stock worth $995,000 after buying an additional 50 shares during the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

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

Shares of Constellation Brands Inc (NYSE:STZ) traded up 0.32% during midday trading on Friday, reaching $180.88. The company had a trading volume of 1,108,827 shares. The company has a market capitalization of $35.23 billion, a P/E ratio of 24.05 and a beta of 0.31. Constellation Brands Inc has a 52 week low of $144.00 and a 52 week high of $186.55. The company’s 50 day moving average price is $180.12 and its 200-day moving average price is $163.17.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Thursday, April 6th. The company reported $1.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.12. Constellation Brands had a return on equity of 19.69% and a net margin of 19.04%. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the prior year, the business earned $1.19 EPS. Constellation Brands’s revenue was up 5.5% on a year-over-year basis. On average, equities research analysts predict that Constellation Brands Inc will post $7.95 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 24th. Stockholders of record on Wednesday, May 10th were given a dividend of $0.52 per share. This is a boost from Constellation Brands’s previous quarterly dividend of $0.40. This represents a $2.08 annualized dividend and a dividend yield of 1.15%. The ex-dividend date was Monday, May 8th. Constellation Brands’s dividend payout ratio is currently 27.59%.

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A number of research firms have recently issued reports on STZ. Royal Bank Of Canada reissued a “buy” rating on shares of Constellation Brands in a research report on Friday. Morgan Stanley reissued an “overweight” rating and set a $204.00 price target on shares of Constellation Brands in a research report on Monday, June 12th. BidaskClub downgraded Constellation Brands from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Vetr downgraded Constellation Brands from a “hold” rating to a “sell” rating and set a $175.98 price target on the stock. in a research report on Monday, May 22nd. Finally, Goldman Sachs Group, Inc. (The) raised Constellation Brands from a “buy” rating to a “conviction-buy” rating and dropped their price target for the stock from $200.00 to $168.95 in a research report on Monday, April 17th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Constellation Brands currently has a consensus rating of “Buy” and a consensus target price of $184.80.

In other news, VP Thomas J. Mullin sold 39,854 shares of the company’s stock in a transaction dated Wednesday, April 12th. The stock was sold at an average price of $169.55, for a total transaction of $6,757,245.70. Following the completion of the transaction, the vice president now directly owns 48,900 shares of the company’s stock, valued at approximately $8,290,995. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Barry A. Fromberg sold 700 shares of the company’s stock in a transaction dated Wednesday, April 12th. The stock was sold at an average price of $170.03, for a total value of $119,021.00. Following the transaction, the director now directly owns 21,520 shares of the company’s stock, valued at $3,659,045.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 61,244 shares of company stock valued at $10,445,048. Insiders own 10.63% of the company’s stock.

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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