Copperwynd Financial LLC Acquires 279 Shares of Constellation Brands, Inc. (NYSE:STZ)

Copperwynd Financial LLC increased its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 10.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,058 shares of the company’s stock after purchasing an additional 279 shares during the quarter. Copperwynd Financial LLC’s holdings in Constellation Brands were worth $750,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. New Millennium Group LLC bought a new stake in shares of Constellation Brands in the 2nd quarter worth about $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Constellation Brands during the 2nd quarter worth approximately $29,000. Horizon Bancorp Inc. IN purchased a new position in Constellation Brands during the 2nd quarter valued at $32,000. YHB Investment Advisors Inc. bought a new position in Constellation Brands in the 1st quarter valued at $35,000. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of Constellation Brands during the fourth quarter worth $35,000. Institutional investors own 77.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on STZ. BMO Capital Markets reaffirmed an “outperform” rating and issued a $315.00 price target on shares of Constellation Brands in a research note on Friday, July 5th. Jefferies Financial Group lifted their price target 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. Barclays increased their price objective on Constellation Brands from $295.00 to $309.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 24th. UBS Group decreased their target price on Constellation Brands from $320.00 to $295.00 and set a “buy” rating for the company in a research report on Monday, September 9th. Finally, Roth Mkm dropped their price target on Constellation Brands from $303.00 to $298.00 and set a “buy” rating on the stock in a research report on Wednesday, September 4th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Constellation Brands has an average rating of “Moderate Buy” and a consensus target price of $297.12.

Constellation Brands Stock Performance

STZ stock opened at $258.40 on Friday. Constellation Brands, Inc. has a one year low of $227.50 and a one year high of $274.87. The firm has a market cap of $47.28 billion, a price-to-earnings ratio of 19.25, a PEG ratio of 1.74 and a beta of 1.75. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.53 and a current ratio of 1.19. The firm has a 50-day simple moving average of $246.09 and a two-hundred day simple moving average of $253.86.

Constellation Brands (NYSE:STZ) last posted its earnings results on Wednesday, July 3rd. The company reported $3.57 EPS for the quarter, beating analysts’ consensus estimates of $3.46 by $0.11. Constellation Brands had a net margin of 22.70% and a return on equity of 23.72%. The company had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.67 billion. During the same quarter in the prior year, the company posted $2.91 earnings per share. Constellation Brands’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, equities analysts forecast that Constellation Brands, Inc. will post 13.53 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Wednesday, August 14th were given a $1.01 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.56%. Constellation Brands’s payout ratio is 30.10%.

Insider Buying and Selling

In other Constellation Brands news, CFO Garth Hankinson sold 13,583 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $240.00, for a total value of $3,259,920.00. Following the completion of the sale, the chief financial officer now owns 11,702 shares of the company’s stock, valued at $2,808,480. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Constellation Brands news, Director Daniel J. Mccarthy sold 1,854 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $252.43, for a total value of $468,005.22. Following the completion of the transaction, the director now owns 3,232 shares of the company’s stock, valued at $815,853.76. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Garth Hankinson sold 13,583 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $240.00, for a total transaction of $3,259,920.00. Following the sale, the chief financial officer now directly owns 11,702 shares in the company, valued at $2,808,480. The disclosure for this sale can be found here. Insiders have sold a total of 16,414 shares of company stock worth $3,982,922 in the last ninety days. 12.19% of the stock is owned by 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.