Atlantic Edge Private Wealth Management LLC Has $1.48 Million Holdings in Constellation Brands Inc (NYSE:STZ)

Atlantic Edge Private Wealth Management LLC lifted its holdings in Constellation Brands Inc (NYSE:STZ - Free Report) by 94.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,050 shares of the company's stock after purchasing an additional 3,903 shares during the quarter. Atlantic Edge Private Wealth Management LLC's holdings in Constellation Brands were worth $1,477,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in STZ. Vanguard Group Inc. increased its position in shares of Constellation Brands by 13.3% during the 4th quarter. Vanguard Group Inc. now owns 15,534,787 shares of the company's stock worth $3,433,188,000 after purchasing an additional 1,821,969 shares during the last quarter. Capital World Investors grew its stake in shares of Constellation Brands by 3.4% in the fourth 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 in the last quarter. Berkshire Hathaway Inc acquired a new position in Constellation Brands during the fourth quarter worth $1,242,976,000. Geode Capital Management LLC raised its position in Constellation Brands by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 3,204,003 shares of the company's stock worth $705,844,000 after acquiring an additional 63,323 shares in the last quarter. Finally, Capital Research Global Investors lifted its stake 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 valued at $641,336,000 after acquiring an additional 18,557 shares during the last quarter. Institutional investors and hedge funds own 77.34% of the company's stock.

Constellation Brands Price Performance

NYSE STZ traded down $1.26 during midday trading on Friday, hitting $172.61. The company had a trading volume of 1,808,258 shares, compared to its average volume of 1,910,735. The firm has a 50-day moving average price of $177.11 and a 200-day moving average price of $183.33. The company has a market capitalization of $30.73 billion, a PE ratio of -72.22, a P/E/G ratio of 9.57 and a beta of 0.67. The company has a current ratio of 1.07, a quick ratio of 0.56 and a debt-to-equity ratio of 1.30. Constellation Brands Inc has a twelve month low of $159.35 and a twelve month high of $264.45.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its quarterly 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 company had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the previous year, the business posted $3.57 EPS. The firm's revenue for the quarter was down 5.5% on a year-over-year basis. As a group, analysts anticipate that Constellation Brands Inc will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Wednesday, July 30th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Wednesday, July 30th. Constellation Brands's payout ratio is presently -170.71%.

Insider Buying and Selling at Constellation Brands

In related news, EVP Samuel J. Glaetzer sold 3,150 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $188.54, for a total transaction of $593,901.00. Following the sale, the executive vice president owned 3,126 shares in the company, valued at approximately $589,376.04. This trade represents a 50.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 12.45% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group set a $225.00 price objective on shares of Constellation Brands and gave the stock a "buy" rating in a research note on Friday, June 27th. Roth Capital dropped their price objective on Constellation Brands from $256.00 to $239.00 and set a "buy" rating on the stock in a research note on Tuesday, May 20th. UBS Group raised their price objective on Constellation Brands from $195.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Constellation Brands from $191.00 to $185.00 and set a "hold" rating for the company in a research report on Thursday, June 5th. Finally, Morgan Stanley decreased their price objective on shares of Constellation Brands from $202.00 to $195.00 and set an "equal weight" rating on the stock in a report on Friday, April 11th. Eleven analysts have rated the stock with a hold rating and twelve 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 $213.35.

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.