Quadrature Capital Ltd Purchases Shares of 3,964 Constellation Brands, Inc. (NYSE:STZ)

Quadrature Capital Ltd purchased a new stake in shares of Constellation Brands, Inc. (NYSE:STZ) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 3,964 shares of the company’s stock, valued at approximately $958,000.

A number of other hedge funds have also added to or reduced their stakes in STZ. BKM Wealth Management LLC purchased a new position in shares of Constellation Brands in the 4th quarter worth approximately $28,000. Asset Dedication LLC boosted its stake in shares of Constellation Brands by 3,833.3% in the 3rd quarter. Asset Dedication LLC now owns 118 shares of the company’s stock worth $30,000 after buying an additional 115 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Constellation Brands in the 4th quarter worth approximately $37,000. Exchange Traded Concepts LLC bought a new stake in shares of Constellation Brands in the 4th quarter worth approximately $45,000. Finally, VisionPoint Advisory Group LLC bought a new stake in shares of Constellation Brands in the 3rd quarter worth approximately $58,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Stock Down 0.3 %

Shares of NYSE:STZ opened at $262.88 on Friday. Constellation Brands, Inc. has a 52-week low of $227.50 and a 52-week high of $274.87. The firm has a fifty day moving average of $255.16 and a 200 day moving average of $252.54. The firm has a market capitalization of $48.10 billion, a PE ratio of 28.03, a price-to-earnings-growth ratio of 1.80 and a beta of 0.89. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.53 and a current ratio of 1.19.

Constellation Brands (NYSE:STZ) last announced its earnings results on Thursday, April 11th. The company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate 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 in the previous year, the business earned $1.98 earnings per share. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. As a group, research analysts anticipate that Constellation Brands, Inc. will post 13.53 EPS for the current fiscal year.

Constellation Brands Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Friday, May 3rd were given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 1.54%. This is a positive change from Constellation Brands’s previous quarterly dividend of $0.89. The ex-dividend date was Thursday, May 2nd. Constellation Brands’s dividend payout ratio is presently 43.07%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. UBS Group lowered their price target on shares of Constellation Brands from $320.00 to $315.00 and set a “buy” rating on the stock in a report on Thursday. Bank of America boosted their target price on shares of Constellation Brands from $290.00 to $300.00 and gave the company a “buy” rating in a report on Monday, March 18th. Roth Mkm reissued a “buy” rating and set a $305.00 target price on shares of Constellation Brands in a report on Friday, April 12th. HSBC boosted their target price on shares of Constellation Brands from $290.00 to $300.00 and gave the company a “buy” rating in a report on Friday, April 12th. Finally, Barclays lowered their target price on shares of Constellation Brands from $295.00 to $288.00 and set an “overweight” rating on the stock in a report on Wednesday, May 29th. Three research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $297.45.

Insider Buying and Selling at Constellation Brands

In other Constellation Brands news, CEO William A. Newlands sold 4,013 shares of the company’s stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $263.25, for a total transaction of $1,056,422.25. Following the completion of the sale, the chief executive officer now directly owns 5,395 shares in the company, valued at $1,420,233.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP James A. Jr. Sabia sold 15,781 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 20,910 shares in the company, valued at $5,512,503.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO William A. Newlands sold 4,013 shares of the stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $263.25, for a total transaction of $1,056,422.25. Following the sale, the chief executive officer now owns 5,395 shares of the company’s stock, valued at $1,420,233.75. 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 three months. Company insiders own 12.19% of the company’s stock.

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.