Arrowpoint Investment Partners Singapore Pte. Ltd. Purchases Shares of 1,800 Constellation Brands Inc (NYSE:STZ)

Key Points

• Arrowpoint Investment Partners has purchased 1,800 shares of Constellation Brands Inc, valued at approximately $330,000, marking the firm's new position in the company.
• Constellation Brands recently reported a miss in earnings per share of $3.22 against a consensus estimate of $3.45, with quarterly revenue down 5.5% year-over-year.
• The company has announced a quarterly dividend of $1.02 per share, set to be paid on August 14th, contributing to an annualized dividend yield of 2.4%.

Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new position in Constellation Brands Inc (NYSE:STZ - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,800 shares of the company's stock, valued at approximately $330,000.

A number of other large investors have also recently bought and sold shares of STZ. Vanguard Group Inc. raised its position in shares of Constellation Brands by 18.6% during the first quarter. Vanguard Group Inc. now owns 18,417,604 shares of the company's stock valued at $3,379,999,000 after buying an additional 2,882,817 shares during the last quarter. Capital World Investors raised its position in Constellation Brands by 3.4% in the fourth quarter. Capital World Investors now owns 9,755,602 shares of the company's stock worth $2,155,946,000 after purchasing an additional 324,690 shares in the last quarter. Berkshire Hathaway Inc acquired a new position in Constellation Brands in the fourth quarter worth about $1,242,976,000. Capital Research Global Investors raised its position in Constellation Brands by 0.6% in the fourth quarter. Capital Research Global Investors now owns 2,901,975 shares of the company's stock worth $641,336,000 after purchasing an additional 18,557 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Constellation Brands by 7.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,922,122 shares of the company's stock worth $352,748,000 after purchasing an additional 139,158 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors.

Insider Activity at Constellation Brands

In related news, EVP James O. Bourdeau sold 821 shares of the firm's stock in a transaction on Monday, July 21st. The shares were sold at an average price of $169.00, for a total transaction of $138,749.00. Following the sale, the executive vice president directly owned 9,438 shares in the company, valued at $1,595,022. This trade represents a 8.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 12.45% of the stock is currently owned by insiders.

Constellation Brands Trading Down 0.7%

STZ traded down $1.25 during mid-day trading on Friday, hitting $168.26. The stock had a trading volume of 1,521,061 shares, compared to its average volume of 2,401,496. The stock's fifty day simple moving average is $168.74 and its 200-day simple moving average is $176.50. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.07 and a quick ratio of 0.68. The firm has a market capitalization of $29.66 billion, a price-to-earnings ratio of -70.40, a price-to-earnings-growth ratio of 10.31 and a beta of 0.67. Constellation Brands Inc has a 1-year low of $159.35 and a 1-year high of $261.06.

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

Constellation Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Wednesday, July 30th were issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Wednesday, July 30th. Constellation Brands's dividend payout ratio (DPR) is presently -170.71%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Wall Street Zen raised shares of Constellation Brands from a "sell" rating to a "hold" rating in a research report on Tuesday, May 20th. CJS Securities decreased their price objective on shares of Constellation Brands from $196.00 to $194.00 in a research note on Monday, May 19th. Cowen reaffirmed a "hold" rating on shares of Constellation Brands in a research note on Monday, July 7th. Roth Capital decreased their price objective on shares of Constellation Brands from $256.00 to $239.00 and set a "buy" rating on the stock in a research note on Tuesday, May 20th. Finally, Citigroup upped their price objective on shares of Constellation Brands from $170.00 to $174.00 and gave the stock a "neutral" rating in a research note on Thursday, July 3rd. Eleven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Constellation Brands has a consensus rating of "Moderate Buy" and an average target price 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.