Constellation Brands Inc (NYSE:STZ) Shares Acquired by Davidson Investment Advisors

Davidson Investment Advisors grew its stake in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 5.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,421 shares of the company's stock after buying an additional 4,424 shares during the period. Davidson Investment Advisors owned 0.05% of Constellation Brands worth $16,778,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in Constellation Brands in the 4th quarter worth $26,000. Minot DeBlois Advisors LLC purchased a new stake in Constellation Brands in the 4th quarter worth $29,000. Optiver Holding B.V. purchased a new stake in Constellation Brands in the 4th quarter worth $31,000. Laurel Wealth Advisors LLC purchased a new stake in Constellation Brands in the 1st quarter worth $32,000. Finally, Rakuten Securities Inc. lifted its stake in Constellation Brands by 805.0% in the 1st quarter. Rakuten Securities Inc. now owns 181 shares of the company's stock worth $33,000 after purchasing an additional 161 shares in the last quarter. Hedge funds and other institutional investors own 77.34% of the company's stock.

Insider Buying and Selling

In related news, EVP Samuel J. Glaetzer sold 3,150 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $188.54, for a total transaction of $593,901.00. Following the completion of the sale, 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 link. 12.45% of the stock is owned by insiders.

Constellation Brands Stock Down 1.1%

Shares of Constellation Brands stock traded down $1.81 on Monday, reaching $170.51. The stock had a trading volume of 2,565,421 shares, compared to its average volume of 1,913,357. Constellation Brands Inc has a 1 year low of $159.35 and a 1 year high of $264.45. The company has a 50 day moving average price of $177.11 and a 200 day moving average price of $183.02. 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 stock has a market capitalization of $30.35 billion, a P/E ratio of -71.34, a P/E/G ratio of 9.57 and a beta of 0.67.

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

Constellation Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Wednesday, July 30th will be given a dividend of $1.02 per share. The ex-dividend date is Wednesday, July 30th. This represents a $4.08 dividend on an annualized basis and a yield of 2.39%. Constellation Brands's payout ratio is -170.71%.

Analysts Set New Price Targets

Several brokerages have commented on STZ. Needham & Company LLC boosted their price target on shares of Constellation Brands from $195.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday. CJS Securities dropped their price target on Constellation Brands from $196.00 to $194.00 in a research report on Monday, May 19th. UBS Group lifted their target price on Constellation Brands from $195.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday. Jefferies Financial Group upgraded Constellation Brands from a "hold" rating to a "buy" rating and raised their price target for the stock from $194.00 to $205.00 in a research report on Monday. Finally, Morgan Stanley cut 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. Eleven equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $213.74.

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.