Canandaigua National Bank & Trust Co. Purchases 1,559 Shares of Constellation Brands Inc (NYSE:STZ)

Canandaigua National Bank & Trust Co. lifted its position in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 4.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,930 shares of the company's stock after purchasing an additional 1,559 shares during the quarter. Canandaigua National Bank & Trust Co.'s holdings in Constellation Brands were worth $7,511,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Piscataqua Savings Bank boosted its position in shares of Constellation Brands by 1.7% during the first quarter. Piscataqua Savings Bank now owns 3,720 shares of the company's stock worth $683,000 after purchasing an additional 62 shares in the last quarter. Moody National Bank Trust Division boosted its position 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 worth $1,283,000 after purchasing an additional 64 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Constellation Brands by 3.0% during the first quarter. Bessemer Group Inc. now owns 2,242 shares of the company's stock worth $412,000 after purchasing an additional 65 shares in the last quarter. Barden Capital Management Inc. boosted its position in shares of Constellation Brands by 1.3% during the fourth quarter. Barden Capital Management Inc. now owns 5,574 shares of the company's stock worth $1,232,000 after purchasing an additional 72 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV raised its holdings in shares of Constellation Brands by 9.7% during the first quarter. Creative Financial Designs Inc. ADV now owns 890 shares of the company's stock worth $163,000 after acquiring an additional 79 shares during the period. 77.34% of the stock is owned by institutional investors.

Constellation Brands Trading Up 0.0%

Shares of NYSE:STZ opened at $161.34 on Monday. Constellation Brands Inc has a 12-month low of $159.35 and a 12-month high of $264.45. The stock has a market cap of $28.72 billion, a PE ratio of -316.35, a P/E/G ratio of 8.93 and a beta of 0.70. The business has a 50 day moving average of $178.84 and a 200-day moving average of $185.21. The company has a quick ratio of 0.56, a current ratio of 0.92 and a debt-to-equity ratio of 1.30.

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

Constellation Brands Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Tuesday, April 29th were paid a $1.02 dividend. This is a boost from Constellation Brands's previous quarterly dividend of $1.01. This represents a $4.08 annualized dividend and a dividend yield of 2.53%. The ex-dividend date was Tuesday, April 29th. Constellation Brands's payout ratio is -800.00%.

Insider Activity at Constellation Brands

In other Constellation Brands news, EVP Samuel J. Glaetzer sold 3,150 shares of the company's stock in a transaction 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 completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 12.45% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

STZ has been the topic of a number of research analyst reports. Barclays set a $202.00 price objective on shares of Constellation Brands and gave the stock an "overweight" rating in a report on Thursday. Roth Mkm lowered their price target on shares of Constellation Brands from $284.00 to $256.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Morgan Stanley lowered their price target on shares of Constellation Brands from $202.00 to $195.00 and set an "equal weight" rating on the stock in a research note on Friday, April 11th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Constellation Brands from $191.00 to $185.00 and set a "hold" rating on the stock in a research note on Thursday, June 5th. Finally, Bank of America lowered their price target on shares of Constellation Brands from $195.00 to $180.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 18th. Eleven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $211.91.

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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