Aurdan Capital Management LLC Has $996,000 Holdings in Constellation Brands Inc (NYSE:STZ)

Aurdan Capital Management LLC lessened its stake in Constellation Brands Inc (NYSE:STZ - Free Report) by 42.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,428 shares of the company's stock after selling 3,962 shares during the quarter. Aurdan Capital Management LLC's holdings in Constellation Brands were worth $996,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Constellation Brands by 13.3% in the fourth quarter. Vanguard Group Inc. now owns 15,534,787 shares of the company's stock valued at $3,433,188,000 after acquiring an additional 1,821,969 shares in the last quarter. Capital World Investors boosted its holdings in Constellation Brands by 3.4% during the fourth quarter. Capital World Investors now owns 9,755,602 shares of the company's stock worth $2,155,946,000 after buying an additional 324,690 shares in the last quarter. Berkshire Hathaway Inc bought a new stake in Constellation Brands during the fourth quarter worth approximately $1,242,976,000. Geode Capital Management LLC boosted its holdings 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 buying an additional 63,323 shares in the last quarter. Finally, Capital Research Global Investors boosted its holdings in Constellation Brands by 0.6% during the fourth quarter. Capital Research Global Investors now owns 2,901,975 shares of the company's stock worth $641,336,000 after buying an additional 18,557 shares in the last quarter. Institutional investors and hedge funds own 77.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Jefferies Financial Group upgraded shares of Constellation Brands from a "hold" rating to a "buy" rating and raised their target price for the stock from $194.00 to $205.00 in a report on Monday. Wells Fargo & Company decreased their price objective on shares of Constellation Brands from $210.00 to $196.00 and set an "overweight" rating for the company in a research note on Wednesday, June 25th. 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 decreased their price objective on shares of Constellation Brands from $256.00 to $239.00 and set a "buy" rating for the company in a research note on Tuesday, May 20th. Finally, Royal Bank Of Canada decreased their price objective 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. Eleven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $213.74.

Insider Buying and Selling

In other Constellation Brands news, EVP Samuel J. Glaetzer sold 3,150 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $188.54, for a total value of $593,901.00. Following the transaction, the executive vice president directly owned 3,126 shares in the company, valued at $589,376.04. The trade was a 50.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 12.45% of the stock is currently owned by company insiders.

Constellation Brands Stock Performance

Shares of NYSE:STZ traded up $0.14 on Friday, hitting $172.26. 733,051 shares of the company were exchanged, compared to its average volume of 1,916,106. The company's 50 day moving average price is $175.86 and its two-hundred day moving average price is $182.07. Constellation Brands Inc has a one year low of $159.35 and a one year high of $264.45. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.68 and a current ratio of 1.07. The firm has a market capitalization of $30.67 billion, a price-to-earnings ratio of -72.05, a PEG ratio of 10.25 and a beta of 1.75.

Constellation Brands (NYSE:STZ - Get Free Report) last posted its quarterly earnings data on Tuesday, July 1st. The company reported $3.22 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the previous year, the firm posted $3.57 EPS. The business's revenue for the quarter was down 5.5% compared to the same quarter last year. Research analysts expect that Constellation Brands Inc will post 13.5 earnings per share for the current year.

Constellation Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Wednesday, July 30th will be given a $1.02 dividend. The ex-dividend date is Wednesday, July 30th. This represents a $4.08 dividend on an annualized basis and a yield of 2.37%. Constellation Brands's dividend payout ratio (DPR) is presently -170.71%.

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.