Constellation Brands Inc (NYSE:STZ) Shares Sold by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC reduced its position in Constellation Brands Inc (NYSE:STZ - Free Report) by 71.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,919 shares of the company's stock after selling 12,356 shares during the quarter. Bartlett & CO. Wealth Management LLC's holdings in Constellation Brands were worth $903,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Mainstream Capital Management LLC acquired a new position in Constellation Brands in the 4th quarter valued at about $25,000. SBI Securities Co. Ltd. acquired a new position in Constellation Brands in the 4th quarter valued at about $26,000. Minot DeBlois Advisors LLC acquired a new position in Constellation Brands in the 4th quarter valued at about $29,000. Optiver Holding B.V. acquired a new position in Constellation Brands in the 4th quarter valued at about $31,000. Finally, Laurel Wealth Advisors LLC acquired a new position in shares of Constellation Brands during the first quarter worth about $32,000. 77.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on STZ shares. Wells Fargo & Company lowered their price objective on Constellation Brands from $210.00 to $196.00 and set an "overweight" rating for the company in a research report on Wednesday. Deutsche Bank Aktiengesellschaft lowered their price target on Constellation Brands from $191.00 to $185.00 and set a "hold" rating for the company in a report on Thursday, June 5th. Bank of America lowered their price target on Constellation Brands from $195.00 to $180.00 and set a "neutral" rating for the company in a report on Wednesday, June 18th. Citigroup lowered their price target on Constellation Brands from $190.00 to $170.00 and set a "neutral" rating for the company in a report on Wednesday, June 18th. Finally, Roth Capital lowered their price target on Constellation Brands from $256.00 to $239.00 and set a "buy" rating for the company in a report on Tuesday, May 20th. Eleven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Constellation Brands currently has a consensus rating of "Moderate Buy" and an average target price of $211.91.

Constellation Brands Stock Performance

Constellation Brands stock opened at $161.34 on Friday. The stock's 50 day moving average price is $178.84 and its 200 day moving average price is $185.58. The firm has a market capitalization of $28.72 billion, a PE ratio of -316.35, a price-to-earnings-growth ratio of 8.92 and a beta of 0.70. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.56 and a current ratio of 0.92. Constellation Brands Inc has a one year low of $159.35 and a one year high of $264.45.

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

Constellation Brands Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Tuesday, April 29th were issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.53%. 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 payout ratio is -800.00%.

Insider Activity

In other news, EVP Samuel J. Glaetzer sold 3,150 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $188.54, for a total value 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 approximately $589,376.04. The trade was a 50.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 12.45% of the company's stock.

Constellation Brands Company 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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