D.A. Davidson & CO. Has $9.26 Million Stock Holdings in Constellation Brands Inc (NYSE:STZ)

D.A. Davidson & CO. decreased its position in Constellation Brands Inc (NYSE:STZ - Free Report) by 12.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,447 shares of the company's stock after selling 7,212 shares during the quarter. D.A. Davidson & CO.'s holdings in Constellation Brands were worth $9,258,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Piscataqua Savings Bank raised its holdings in Constellation Brands by 1.7% in the 1st quarter. Piscataqua Savings Bank now owns 3,720 shares of the company's stock worth $683,000 after acquiring an additional 62 shares during the period. Strategic Financial Concepts LLC grew its position in shares of Constellation Brands by 5.8% in the first quarter. Strategic Financial Concepts LLC now owns 1,128 shares of the company's stock valued at $207,000 after purchasing an additional 62 shares during the last quarter. Moody National Bank Trust Division increased its stake in shares of Constellation Brands by 0.9% in the first quarter. Moody National Bank Trust Division now owns 6,991 shares of the company's stock worth $1,283,000 after purchasing an additional 64 shares during the period. Bessemer Group Inc. lifted its position in shares of Constellation Brands by 3.0% during the 1st quarter. Bessemer Group Inc. now owns 2,242 shares of the company's stock worth $412,000 after purchasing an additional 65 shares during the last quarter. Finally, Barden Capital Management Inc. lifted its position in shares of Constellation Brands by 1.3% during the 4th quarter. Barden Capital Management Inc. now owns 5,574 shares of the company's stock worth $1,232,000 after purchasing an additional 72 shares during the last quarter. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Constellation Brands Price Performance

Constellation Brands stock traded down $1.26 during mid-day trading on Friday, hitting $172.61. 1,808,258 shares of the company were exchanged, compared to its average volume of 1,910,866. The company has a market capitalization of $30.73 billion, a PE ratio of -72.22, a price-to-earnings-growth ratio of 9.64 and a beta of 1.75. The business has a fifty day moving average of $177.36 and a 200 day moving average of $184.05. Constellation Brands Inc has a 1-year low of $159.35 and a 1-year high of $264.45. The company has a quick ratio of 0.56, a current ratio of 1.07 and a debt-to-equity ratio of 1.30.

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

Constellation Brands Dividend Announcement

The firm also recently disclosed 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 of this dividend is Wednesday, July 30th. This represents a $4.08 annualized dividend and a yield of 2.36%. Constellation Brands's payout ratio is -170.71%.

Wall Street Analyst Weigh In

Several brokerages have commented on STZ. DA Davidson dropped their price target on Constellation Brands from $272.00 to $241.00 in a research report on Friday, April 11th. UBS Group upped their target price on shares of Constellation Brands from $195.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday. The Goldman Sachs Group set a $225.00 price target on shares of Constellation Brands and gave the stock a "buy" rating in a research report on Friday, June 27th. Barclays set a $202.00 price objective on shares of Constellation Brands and gave the company an "overweight" rating in a research report on Thursday, June 26th. Finally, BMO Capital Markets decreased their target price on Constellation Brands from $260.00 to $215.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Eleven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $213.35.

Insider Buying and Selling

In other news, EVP Samuel J. Glaetzer sold 3,150 shares of the firm's stock in a transaction 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 directly owned 3,126 shares in the company, valued at approximately $589,376.04. This trade represents a 50.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 12.45% of the company's stock.

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.