Altrius Capital Management Inc Buys New Holdings in Constellation Brands Inc (NYSE:STZ)

Altrius Capital Management Inc purchased a new stake in Constellation Brands Inc (NYSE:STZ - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 24,396 shares of the company's stock, valued at approximately $4,477,000.

Several other hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Constellation Brands by 13.3% in the 4th quarter. Vanguard Group Inc. now owns 15,534,787 shares of the company's stock valued at $3,433,188,000 after buying an additional 1,821,969 shares during the period. Capital World Investors lifted its holdings in shares of Constellation Brands by 3.4% in the 4th quarter. Capital World Investors now owns 9,755,602 shares of the company's stock valued at $2,155,946,000 after buying an additional 324,690 shares during the period. Berkshire Hathaway Inc acquired a new stake in shares of Constellation Brands in the 4th quarter valued at approximately $1,242,976,000. Geode Capital Management LLC lifted its holdings in shares of Constellation Brands by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 3,204,003 shares of the company's stock valued at $705,844,000 after buying an additional 63,323 shares during the period. Finally, Capital Research Global Investors lifted its holdings in shares of Constellation Brands by 0.6% in the 4th quarter. Capital Research Global Investors now owns 2,901,975 shares of the company's stock valued at $641,336,000 after buying an additional 18,557 shares during the period. 77.34% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other 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 completion of the sale, the executive vice president now owns 3,126 shares of the company's stock, valued at $589,376.04. The trade was a 50.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 12.45% of the company's stock.

Wall Street Analysts Forecast Growth

STZ has been the subject of several recent analyst reports. Barclays raised their price target on Constellation Brands from $203.00 to $207.00 and gave the company an "overweight" rating in a report on Monday, April 14th. DA Davidson dropped their price objective on Constellation Brands from $272.00 to $241.00 in a research note on Friday, April 11th. BMO Capital Markets dropped their price objective on Constellation Brands from $260.00 to $215.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. JPMorgan Chase & Co. dropped their price objective on Constellation Brands from $203.00 to $194.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Finally, The Goldman Sachs Group dropped their price objective on Constellation Brands from $260.00 to $225.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Eleven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $215.87.

Constellation Brands Price Performance

Constellation Brands stock traded up $2.30 during mid-day trading on Friday, hitting $162.30. 4,359,080 shares of the company were exchanged, compared to its average volume of 1,847,258. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.92 and a quick ratio of 0.56. The business's 50 day simple moving average is $181.16 and its two-hundred day simple moving average is $187.96. The company has a market capitalization of $28.89 billion, a P/E ratio of -318.23, a PEG ratio of 8.96 and a beta of 0.70. Constellation Brands Inc has a 12-month low of $159.35 and a 12-month high of $265.70.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its quarterly earnings data on Wednesday, April 9th. The company reported $2.63 EPS for the quarter, beating analysts' consensus estimates of $2.28 by $0.35. The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.14 billion. Constellation Brands had a positive return on equity of 29.56% and a negative net margin of 0.74%. The business's revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.26 earnings per share. Analysts forecast that Constellation Brands Inc will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Tuesday, April 29th were given a $1.02 dividend. The ex-dividend date of this dividend was Tuesday, April 29th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.51%. This is an increase from Constellation Brands's previous quarterly dividend of $1.01. Constellation Brands's payout ratio is currently -800.00%.

Constellation Brands Company 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.