Constellation Brands Inc (NYSE:STZ) Holdings Reduced by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. decreased its position in Constellation Brands Inc (NYSE:STZ - Free Report) by 32.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 21,431 shares of the company's stock after selling 10,376 shares during the period. GHP Investment Advisors Inc.'s holdings in Constellation Brands were worth $3,933,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of STZ. Brighton Jones LLC grew its position in Constellation Brands by 23.0% in the 4th quarter. Brighton Jones LLC now owns 1,001 shares of the company's stock worth $221,000 after purchasing an additional 187 shares during the last quarter. Bank Pictet & Cie Europe AG grew its position in Constellation Brands by 39.7% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 6,096 shares of the company's stock worth $1,347,000 after purchasing an additional 1,733 shares during the last quarter. MONECO Advisors LLC grew its position in Constellation Brands by 18.2% in the 4th quarter. MONECO Advisors LLC now owns 1,441 shares of the company's stock worth $319,000 after purchasing an additional 222 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in Constellation Brands in the 4th quarter worth about $28,000. Finally, Brown Financial Advisors grew its position in Constellation Brands by 19.9% in the 4th quarter. Brown Financial Advisors now owns 1,935 shares of the company's stock worth $428,000 after purchasing an additional 321 shares during the last quarter. Institutional investors own 77.34% of the company's stock.

Insider Buying and Selling at Constellation Brands

In other news, EVP Samuel J. Glaetzer sold 3,150 shares of the stock in a transaction 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 transaction, the executive vice president now owns 3,126 shares in the company, valued at $589,376.04. This represents a 50.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 12.45% of the company's stock.

Wall Street Analyst Weigh In

STZ has been the subject of a number of research analyst reports. BMO Capital Markets reduced their price target on shares of Constellation Brands from $260.00 to $215.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Bernstein Bank reduced their price target on shares of Constellation Brands from $260.00 to $225.00 and set an "outperform" rating for the company in a research note on Thursday, April 10th. Bank of America reduced their price target on shares of Constellation Brands from $195.00 to $180.00 and set a "neutral" rating for the company in a research note on Wednesday, June 18th. Royal Bank Of Canada reduced their price target on shares of Constellation Brands from $289.00 to $233.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $215.00 price target on shares of Constellation Brands in a research note on Thursday, April 10th. Eleven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Constellation Brands has an average rating of "Moderate Buy" and an average price target of $215.87.

Constellation Brands Stock Up 0.7%

Shares of NYSE:STZ opened at $164.38 on Wednesday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.56 and a current ratio of 0.92. The company has a market cap of $29.26 billion, a PE ratio of -322.32, a price-to-earnings-growth ratio of 9.01 and a beta of 0.70. Constellation Brands Inc has a 52 week low of $159.35 and a 52 week high of $265.69. The firm has a 50 day simple moving average of $180.28 and a 200 day simple moving average of $187.27.

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

Constellation Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Tuesday, April 29th were paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend was Tuesday, April 29th. This is a positive change from Constellation Brands's previous quarterly dividend of $1.01. Constellation Brands's dividend payout ratio is currently -800.00%.

About Constellation Brands

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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