Constellation Brands, Inc. (NYSE:STZ) Shares Bought by Capital Advisors Ltd. LLC

Capital Advisors Ltd. LLC increased its position in Constellation Brands, Inc. (NYSE:STZ) by 16.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 290 shares of the company’s stock after buying an additional 41 shares during the period. Capital Advisors Ltd. LLC’s holdings in Constellation Brands were worth $79,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. O Shaughnessy Asset Management LLC increased its position in Constellation Brands by 34.6% during the third quarter. O Shaughnessy Asset Management LLC now owns 4,432 shares of the company’s stock worth $1,114,000 after purchasing an additional 1,140 shares during the last quarter. Sherbrooke Park Advisers LLC acquired a new position in Constellation Brands in the third quarter valued at $288,000. Gotham Asset Management LLC boosted its holdings in Constellation Brands by 75.1% in the third quarter. Gotham Asset Management LLC now owns 11,740 shares of the company’s stock valued at $2,951,000 after acquiring an additional 5,037 shares during the last quarter. Shelton Capital Management grew its position in Constellation Brands by 350.5% during the third quarter. Shelton Capital Management now owns 4,627 shares of the company’s stock valued at $1,163,000 after acquiring an additional 3,600 shares during the period. Finally, Advisors Asset Management Inc. increased its stake in Constellation Brands by 12.1% during the third quarter. Advisors Asset Management Inc. now owns 5,041 shares of the company’s stock worth $1,267,000 after acquiring an additional 546 shares during the last quarter. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Constellation Brands Stock Up 1.0 %

Shares of Constellation Brands stock opened at $258.94 on Wednesday. Constellation Brands, Inc. has a fifty-two week low of $227.50 and a fifty-two week high of $274.87. 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 cap of $47.38 billion, a P/E ratio of 27.61, a P/E/G ratio of 1.71 and a beta of 0.87. The business has a 50-day moving average price of $255.27 and a 200 day moving average price of $253.86.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Thursday, April 11th. The company reported $2.26 EPS for the quarter, topping 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 firm had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the previous year, the company posted $1.98 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. On average, sell-side analysts forecast that Constellation Brands, Inc. will post 13.67 earnings per share for the current fiscal year.

Constellation Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Friday, May 3rd were given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend was Thursday, May 2nd. This is an increase from Constellation Brands’s previous quarterly dividend of $0.89. Constellation Brands’s dividend payout ratio is currently 43.07%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their target price on Constellation Brands from $256.00 to $262.00 and gave the stock a “hold” rating in a report on Wednesday, April 10th. Evercore ISI increased their price objective on shares of Constellation Brands from $300.00 to $310.00 and gave the stock an “outperform” rating in a research report on Friday, April 12th. Argus raised Constellation Brands from a “hold” rating to a “buy” rating and set a $306.00 price objective on the stock in a research report on Monday, April 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $308.00 price objective on shares of Constellation Brands in a research report on Tuesday, May 28th. Finally, Bank of America boosted their target price on shares of Constellation Brands from $290.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Three research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $298.37.

Insider Buying and Selling

In other news, CEO William A. Newlands sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $261.54, for a total transaction of $6,538,500.00. Following the completion of the transaction, the chief executive officer now directly owns 14,700 shares of the company’s stock, valued at $3,844,638. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO William A. Newlands sold 4,013 shares of Constellation Brands stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $263.25, for a total value of $1,056,422.25. Following the sale, the chief executive officer now directly owns 5,395 shares in the company, valued at approximately $1,420,233.75. 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 the business’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 of the company’s stock, valued at $3,844,638. The disclosure for this sale can be found here. Insiders have sold a total of 48,031 shares of company stock worth $12,582,321 over the last quarter. 12.19% of the stock is owned by company insiders.

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.