Constellation Brands, Inc. (NYSE:STZ) Shares Acquired by Cohen Capital Management Inc.

Cohen Capital Management Inc. increased its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 0.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,323 shares of the company’s stock after acquiring an additional 192 shares during the period. Constellation Brands makes up about 2.2% of Cohen Capital Management Inc.’s investment portfolio, making the stock its 11th largest position. Cohen Capital Management Inc.’s holdings in Constellation Brands were worth $12,317,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of STZ. Capital Advisors Ltd. LLC lifted its holdings in shares of Constellation Brands by 16.5% in the first quarter. Capital Advisors Ltd. LLC now owns 290 shares of the company’s stock valued at $79,000 after purchasing an additional 41 shares in the last quarter. Burns Matteson Capital Management LLC boosted its position in Constellation Brands by 1.7% during the 4th quarter. Burns Matteson Capital Management LLC now owns 2,499 shares of the company’s stock worth $604,000 after acquiring an additional 42 shares during the period. 1620 Investment Advisors Inc. boosted its position in Constellation Brands by 1.8% during the 4th quarter. 1620 Investment Advisors Inc. now owns 2,352 shares of the company’s stock worth $569,000 after acquiring an additional 42 shares during the period. FAS Wealth Partners Inc. grew its stake in Constellation Brands by 3.5% during the 4th quarter. FAS Wealth Partners Inc. now owns 1,277 shares of the company’s stock valued at $309,000 after acquiring an additional 43 shares in the last quarter. Finally, Smithfield Trust Co increased its holdings in shares of Constellation Brands by 5.3% in the 4th quarter. Smithfield Trust Co now owns 854 shares of the company’s stock valued at $207,000 after purchasing an additional 43 shares during the period. 77.34% of the stock is currently owned by institutional investors.

Constellation Brands Price Performance

STZ stock traded up $6.36 during midday trading on Thursday, reaching $259.44. 926,828 shares of the company’s stock traded hands, compared to its average volume of 1,210,079. 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 company has a market cap of $47.47 billion, a price-to-earnings ratio of 27.66, a PEG ratio of 1.68 and a beta of 0.87. The company has a 50-day simple moving average of $254.66 and a two-hundred day simple moving average of $254.59. Constellation Brands, Inc. has a 1-year low of $227.50 and a 1-year high of $274.87.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Wednesday, July 3rd. The company reported $3.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.46 by $0.11. Constellation Brands had a return on equity of 23.72% and a net margin of 22.70%. The business had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.67 billion. During the same period in the previous year, the business posted $2.91 earnings per share. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, analysts anticipate that Constellation Brands, Inc. will post 13.7 earnings per share for the current year.

Constellation Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Wednesday, August 14th will be paid a $1.01 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $4.04 annualized dividend and a dividend yield of 1.56%. Constellation Brands’s dividend payout ratio (DPR) is currently 43.07%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on STZ. Jefferies Financial Group upped their price objective on shares of Constellation Brands from $310.00 to $311.00 and gave the company a “buy” rating in a research note on Friday, July 5th. Wedbush reissued an “outperform” rating and set a $300.00 price objective on shares of Constellation Brands in a research report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft boosted their target price on Constellation Brands from $256.00 to $262.00 and gave the company a “hold” rating in a research note on Wednesday, April 10th. JPMorgan Chase & Co. raised their price target on Constellation Brands from $291.00 to $320.00 and gave the stock an “overweight” rating in a research note on Friday, July 5th. Finally, Bank of America boosted their price target on Constellation Brands from $290.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Three equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $300.11.

Insider Transactions at Constellation Brands

In other Constellation Brands news, CEO William A. Newlands sold 25,000 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $261.54, for a total transaction of $6,538,500.00. Following the transaction, the chief executive officer now directly owns 14,700 shares in the company, valued at approximately $3,844,638. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP James A. Jr. Sabia sold 15,781 shares of Constellation Brands stock in a transaction 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 transaction, 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 SEC, which is available at the SEC website. Also, CEO William A. Newlands sold 25,000 shares of Constellation Brands stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $261.54, for a total value of $6,538,500.00. Following the transaction, the chief executive officer now owns 14,700 shares in the company, valued at $3,844,638. The disclosure for this sale can be found here. Insiders sold a total of 48,031 shares of company stock worth $12,582,321 over the last 90 days. 12.19% of the stock is owned by insiders.

About Constellation Brands

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.