LS Investment Advisors LLC raised its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 19.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,919 shares of the company’s stock after buying an additional 787 shares during the period. LS Investment Advisors LLC’s holdings in Constellation Brands were worth $797,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quadrant Capital Group LLC raised its stake in shares of 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 in the last quarter. Tompkins Financial Corp raised its stake in shares of Constellation Brands by 29.4% in the first quarter. Tompkins Financial Corp now owns 770 shares of the company’s stock worth $116,000 after buying an additional 175 shares in the last quarter. TLP Group LLC bought a new stake in shares of Constellation Brands during the third quarter worth about $129,000. Barometer Capital Management Inc. bought a new stake in shares of Constellation Brands during the first quarter worth about $130,000. Finally, Elgethun Capital Management purchased a new stake in Constellation Brands during the fourth quarter valued at $143,000. 75.54% of the stock is owned by institutional investors.
Shares of Constellation Brands, Inc. (NYSE STZ) opened at 184.51 on Tuesday. The firm has a 50-day moving average price of $177.60 and a 200 day moving average price of $161.62. Constellation Brands, Inc. has a 52-week low of $144.00 and a 52-week high of $186.46. The stock has a market cap of $35.94 billion, a price-to-earnings ratio of 24.54 and a beta of 0.52.
Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Thursday, April 6th. The company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.12. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.59 billion. Constellation Brands had a return on equity of 19.07% and a net margin of 16.65%. Constellation Brands’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.19 earnings per share. Analysts expect that Constellation Brands, Inc. will post $7.95 earnings per share for the current year. The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 24th. Investors of record on Wednesday, May 10th were issued a $0.52 dividend. The ex-dividend date was Monday, May 8th. This represents a $2.08 dividend on an annualized basis and a yield of 1.13%. This is an increase from Constellation Brands’s previous quarterly dividend of $0.40. Constellation Brands’s dividend payout ratio is currently 24.73%.
Several analysts recently weighed in on STZ shares. Vetr downgraded Constellation Brands from a “buy” rating to a “hold” rating and set a $163.75 price objective for the company. in a report on Thursday, February 16th. Susquehanna Bancshares Inc set a $147.00 price objective on Constellation Brands and gave the company a “hold” rating in a report on Saturday, February 25th. Zacks Investment Research downgraded shares of Constellation Brands from a “buy” rating to a “hold” rating in a report on Thursday, March 2nd. JPMorgan Chase & Co. initiated coverage on shares of Constellation Brands in a report on Tuesday, March 21st. They issued an “overweight” rating and a $183.00 target price for the company. Finally, OTR Global downgraded shares of Constellation Brands to a “positive” rating in a report on Tuesday, March 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $183.86. In other Constellation Brands news, VP Thomas J. Mullin sold 39,854 shares of the company’s stock in a transaction that occurred on 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 sale, the vice president now owns 48,900 shares in the company, valued at $8,290,995. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director James A. Locke III sold 6,340 shares of the company’s stock in a transaction that occurred on Monday, April 24th. The shares were sold at an average price of $173.05, for a total value of $1,097,137.00. Following the sale, the director now owns 44,415 shares in the company, valued at approximately $7,686,015.75. The disclosure for this sale can be found here. Insiders sold 61,244 shares of company stock valued at $10,445,048 in the last three months. 10.63% of the stock is currently owned by company insiders.
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