1,730 Shares in Constellation Brands Inc (NYSE:STZ) Acquired by Shayne & Jacobs LLC

Shayne & Jacobs LLC purchased a new stake in Constellation Brands Inc (NYSE:STZ - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,730 shares of the company's stock, valued at approximately $317,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Piscataqua Savings Bank raised its holdings in Constellation Brands by 1.7% during the 1st quarter. Piscataqua Savings Bank now owns 3,720 shares of the company's stock valued at $683,000 after buying an additional 62 shares during the period. Strategic Financial Concepts LLC increased its position in shares of Constellation Brands by 5.8% during the first quarter. Strategic Financial Concepts LLC now owns 1,128 shares of the company's stock worth $207,000 after acquiring an additional 62 shares during the period. World Investment Advisors increased its holdings in Constellation Brands by 1.7% during the 1st quarter. World Investment Advisors now owns 3,801 shares of the company's stock worth $698,000 after purchasing an additional 62 shares during the period. Moody National Bank Trust Division increased its stake in shares of Constellation Brands by 0.9% during the first quarter. Moody National Bank Trust Division now owns 6,991 shares of the company's stock valued at $1,283,000 after buying an additional 64 shares during the period. Finally, Bessemer Group Inc. raised its holdings in shares of Constellation Brands by 3.0% in the 1st quarter. Bessemer Group Inc. now owns 2,242 shares of the company's stock valued at $412,000 after purchasing an additional 65 shares in the last quarter. 77.34% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Constellation Brands news, EVP Samuel J. Glaetzer sold 3,150 shares of Constellation Brands stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $188.54, for a total value of $593,901.00. Following the sale, the executive vice president owned 3,126 shares in the company, valued at $589,376.04. The trade was a 50.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 12.45% of the company's stock.

Constellation Brands Trading Up 1.3%

NYSE STZ traded up $2.18 on Wednesday, reaching $168.17. 1,941,672 shares of the company were exchanged, compared to its average volume of 1,935,819. The company has a current ratio of 1.07, a quick ratio of 0.68 and a debt-to-equity ratio of 1.30. The business's fifty day moving average price is $174.68 and its 200 day moving average price is $180.59. The stock has a market capitalization of $29.65 billion, a P/E ratio of -70.37, a price-to-earnings-growth ratio of 10.05 and a beta of 0.67. Constellation Brands Inc has a fifty-two week low of $159.35 and a fifty-two week high of $261.06.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its earnings results on Tuesday, July 1st. The company reported $3.22 EPS for the quarter, missing analysts' consensus estimates of $3.45 by ($0.23). Constellation Brands had a positive return on equity of 31.41% and a negative net margin of 4.11%. The firm had revenue of $2.52 billion for the quarter, compared to analysts' expectations of $2.57 billion. During the same period last year, the firm earned $3.57 earnings per share. Constellation Brands's revenue for the quarter was down 5.5% on a year-over-year basis. Analysts forecast that Constellation Brands Inc will post 13.5 earnings per share for the current year.

Constellation Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Wednesday, July 30th will be given a $1.02 dividend. The ex-dividend date is Wednesday, July 30th. This represents a $4.08 annualized dividend and a yield of 2.43%. Constellation Brands's payout ratio is -170.71%.

Wall Street Analyst Weigh In

STZ has been the topic of a number of recent research reports. Raymond James Financial raised Constellation Brands to a "strong-buy" rating in a research report on Monday, July 7th. Jefferies Financial Group upgraded shares of Constellation Brands from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $194.00 to $205.00 in a research note on Monday, July 7th. Truist Financial upgraded shares of Constellation Brands from a "hold" rating to a "buy" rating and increased their price target for the stock from $190.00 to $215.00 in a report on Wednesday, May 7th. CJS Securities reduced their price objective on Constellation Brands from $196.00 to $194.00 in a research note on Monday, May 19th. Finally, Wells Fargo & Company decreased their target price on shares of Constellation Brands from $210.00 to $196.00 and set an "overweight" rating for the company in a research note on Wednesday, June 25th. Eleven investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $213.74.

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.