16,584 Shares in Constellation Brands, Inc. (NYSE:STZ) Bought by Eagle Rock Investment Company LLC

Eagle Rock Investment Company LLC acquired a new position in Constellation Brands, Inc. (NYSE:STZ - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 16,584 shares of the company's stock, valued at approximately $3,043,000.

Several other large investors also recently modified their holdings of the company. Procyon Advisors LLC grew its holdings in shares of Constellation Brands by 30.5% in the first quarter. Procyon Advisors LLC now owns 2,394 shares of the company's stock worth $439,000 after acquiring an additional 559 shares during the period. Stablepoint Partners LLC grew its holdings in shares of Constellation Brands by 46.8% in the first quarter. Stablepoint Partners LLC now owns 7,341 shares of the company's stock worth $1,347,000 after acquiring an additional 2,340 shares during the period. Oak Asset Management LLC grew its holdings in shares of Constellation Brands by 3.4% in the first quarter. Oak Asset Management LLC now owns 18,211 shares of the company's stock worth $3,342,000 after acquiring an additional 600 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Constellation Brands by 55.3% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 904 shares of the company's stock worth $166,000 after acquiring an additional 322 shares during the period. Finally, Iams Wealth Management LLC grew its holdings in shares of Constellation Brands by 50.8% in the first quarter. Iams Wealth Management LLC now owns 2,259 shares of the company's stock worth $415,000 after acquiring an additional 761 shares during the period. Institutional investors own 77.34% of the company's stock.

Insider Buying and Selling at Constellation Brands

In other Constellation Brands news, EVP Samuel J. Glaetzer sold 3,150 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $188.54, for a total transaction of $593,901.00. Following the sale, the executive vice president now directly owns 3,126 shares in the company, valued at $589,376.04. This represents a 50.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 12.19% of the company's stock.

Constellation Brands Trading Up 0.8%

Shares of STZ stock opened at $171.88 on Friday. Constellation Brands, Inc. has a 1 year low of $160.46 and a 1 year high of $265.70. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. The stock's 50 day simple moving average is $183.90 and its two-hundred day simple moving average is $193.71. The company has a market cap of $30.60 billion, a PE ratio of 46.20, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its quarterly earnings data on Wednesday, April 9th. The company reported $2.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.28 by $0.35. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The business had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same period in the prior year, the business posted $2.26 earnings per share. The company's quarterly revenue was up 1.2% compared to the same quarter last year. Research analysts predict that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Tuesday, April 29th were given a dividend of $1.02 per share. The ex-dividend date was Tuesday, April 29th. This is an increase from Constellation Brands's previous quarterly dividend of $1.01. This represents a $4.08 dividend on an annualized basis and a yield of 2.37%. Constellation Brands's dividend payout ratio is -800.00%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Barclays lifted their price objective on Constellation Brands from $203.00 to $207.00 and gave the stock an "overweight" rating in a report on Monday, April 14th. Citigroup cut their price target on Constellation Brands from $200.00 to $190.00 and set a "neutral" rating for the company in a report on Friday, April 11th. The Goldman Sachs Group cut their price target on Constellation Brands from $260.00 to $225.00 and set a "buy" rating for the company in a report on Friday, April 11th. JPMorgan Chase & Co. cut their price target on Constellation Brands from $203.00 to $194.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Finally, Wells Fargo & Company cut their price target on Constellation Brands from $230.00 to $210.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $225.74.

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.

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