Stock Yards Bank & Trust Co. Purchases 14,876 Shares of Constellation Brands, Inc. (NYSE:STZ)

Stock Yards Bank & Trust Co. boosted its holdings in Constellation Brands, Inc. (NYSE:STZ - Free Report) by 17.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 101,552 shares of the company's stock after buying an additional 14,876 shares during the quarter. Stock Yards Bank & Trust Co. owned approximately 0.06% of Constellation Brands worth $18,637,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Copperleaf Capital LLC acquired a new stake in shares of Constellation Brands during the fourth quarter worth about $343,000. Allspring Global Investments Holdings LLC increased its stake in shares of Constellation Brands by 29.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 16,021 shares of the company's stock worth $3,566,000 after purchasing an additional 3,660 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Constellation Brands during the 4th quarter worth approximately $26,000. Asset Management One Co. Ltd. increased its stake in shares of Constellation Brands by 2.7% during the 4th quarter. Asset Management One Co. Ltd. now owns 62,773 shares of the company's stock worth $13,980,000 after purchasing an additional 1,671 shares in the last quarter. Finally, Savant Capital LLC grew its stake in Constellation Brands by 17.4% in the 4th quarter. Savant Capital LLC now owns 3,761 shares of the company's stock worth $831,000 after acquiring an additional 558 shares during the period. Hedge funds and other institutional investors own 77.34% of the company's stock.

Insiders Place Their Bets

In other news, EVP Samuel J. Glaetzer sold 3,150 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $188.54, for a total value of $593,901.00. Following the sale, the executive vice president now directly owns 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 document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 12.19% of the company's stock.

Constellation Brands Stock Performance

Shares of STZ traded down $5.12 during trading hours on Friday, hitting $164.69. The company had a trading volume of 1,942,365 shares, compared to its average volume of 1,811,310. The firm has a market cap of $29.32 billion, a price-to-earnings ratio of 44.27, a PEG ratio of 1.52 and a beta of 1.75. The business has a fifty day moving average of $183.21 and a 200-day moving average of $191.30. Constellation Brands, Inc. has a 12 month low of $160.46 and a 12 month high of $265.70. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26.

Constellation Brands (NYSE:STZ - Get Free Report) last released its quarterly earnings results on Wednesday, April 9th. The company reported $2.63 EPS for the quarter, topping analysts' consensus estimates of $2.28 by $0.35. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same period last year, the firm earned $2.26 earnings per share. Constellation Brands's revenue for the quarter was up 1.2% compared to the same quarter last year. Equities analysts anticipate that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Morgan Stanley decreased 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 report on Friday, April 11th. Needham & Company LLC reaffirmed a "buy" rating and set a $215.00 price target on shares of Constellation Brands in a research note on Thursday, April 10th. Piper Sandler boosted their target price on shares of Constellation Brands from $165.00 to $170.00 and gave the stock a "neutral" rating in a research report on Friday, June 6th. Jefferies Financial Group lowered their price objective on shares of Constellation Brands from $201.00 to $196.00 in a research report on Friday, April 11th. Finally, Bernstein Bank reduced their target price 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. Eleven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $220.00.

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.