Cullen Frost Bankers Inc. Acquires 2,385 Shares of Constellation Brands Inc (NYSE:STZ)

Cullen Frost Bankers Inc. lifted its position in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 3.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,874 shares of the company's stock after purchasing an additional 2,385 shares during the quarter. Cullen Frost Bankers Inc.'s holdings in Constellation Brands were worth $11,539,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in STZ. Brighton Jones LLC boosted its holdings in Constellation Brands by 23.0% in the fourth quarter. Brighton Jones LLC now owns 1,001 shares of the company's stock worth $221,000 after acquiring an additional 187 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its holdings in Constellation Brands by 39.7% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 6,096 shares of the company's stock worth $1,347,000 after acquiring an additional 1,733 shares in the last quarter. Madison Investment Advisors LLC bought a new stake in Constellation Brands in the fourth quarter worth $9,591,000. Thrivent Financial for Lutherans boosted its holdings in Constellation Brands by 3.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 7,580 shares of the company's stock worth $1,697,000 after acquiring an additional 239 shares in the last quarter. Finally, Generali Asset Management SPA SGR bought a new stake in Constellation Brands in the fourth quarter worth $946,000. 77.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Morgan Stanley decreased their price target on Constellation Brands from $202.00 to $195.00 and set an "equal weight" rating for the company in a research note on Friday, April 11th. UBS Group boosted their price target on Constellation Brands from $195.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. Cowen restated a "hold" rating on shares of Constellation Brands in a research note on Monday, July 7th. JPMorgan Chase & Co. boosted their price target on Constellation Brands from $170.00 to $182.00 and gave the stock a "neutral" rating in a research note on Thursday, July 3rd. Finally, Raymond James Financial upgraded Constellation Brands to a "strong-buy" rating in a research note on Monday, July 7th. Eleven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Constellation Brands presently has a consensus rating of "Moderate Buy" and a consensus target price of $213.74.

Constellation Brands Stock Performance

STZ traded down $0.80 during midday trading on Friday, reaching $170.72. The company had a trading volume of 1,911,327 shares, compared to its average volume of 1,939,457. The company has a quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 1.30. The business has a 50-day moving average of $173.86 and a two-hundred day moving average of $180.18. The company has a market cap of $30.10 billion, a P/E ratio of -71.43, a P/E/G ratio of 10.18 and a beta of 0.67. Constellation Brands Inc has a 1 year low of $159.35 and a 1 year high of $261.06.

Constellation Brands (NYSE:STZ - Get Free Report) last released its quarterly earnings data on Tuesday, July 1st. The company reported $3.22 earnings per share for the quarter, missing analysts' consensus estimates of $3.45 by ($0.23). The business had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.57 billion. Constellation Brands had a positive return on equity of 31.41% and a negative net margin of 4.11%. The business's revenue was down 5.5% on a year-over-year basis. During the same period last year, the company earned $3.57 EPS. As a group, equities research analysts predict that Constellation Brands Inc will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Wednesday, July 30th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date is Wednesday, July 30th. Constellation Brands's dividend payout ratio (DPR) is -170.71%.

Insider Buying and Selling at Constellation Brands

In other news, EVP Samuel J. Glaetzer sold 3,150 shares of the company's stock in a transaction dated 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 transaction, the executive vice president owned 3,126 shares of the company's stock, valued at $589,376.04. This represents a 50.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 12.45% of the stock is currently owned by company insiders.

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.