Gibraltar Capital Management Inc. Has $8.85 Million Holdings in Constellation Brands Inc (NYSE:STZ)

Gibraltar Capital Management Inc. grew its position in Constellation Brands Inc (NYSE:STZ - Free Report) by 83.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,223 shares of the company's stock after buying an additional 21,924 shares during the period. Constellation Brands accounts for approximately 1.9% of Gibraltar Capital Management Inc.'s investment portfolio, making the stock its 13th largest position. Gibraltar Capital Management Inc.'s holdings in Constellation Brands were worth $8,850,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in shares of Constellation Brands in the 4th quarter valued at approximately $26,000. Minot DeBlois Advisors LLC purchased a new position in shares of Constellation Brands during the 4th quarter worth approximately $29,000. Optiver Holding B.V. purchased a new position in shares of Constellation Brands during the 4th quarter worth approximately $31,000. Rialto Wealth Management LLC purchased a new position in shares of Constellation Brands during the 4th quarter worth approximately $37,000. Finally, Laurel Wealth Advisors LLC purchased a new position in shares of Constellation Brands during the 1st quarter worth approximately $32,000. Hedge funds and other institutional investors own 77.34% of the company's stock.

Insider Buying and Selling at Constellation Brands

In other news, EVP Samuel J. Glaetzer sold 3,150 shares of the firm's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $188.54, for a total value of $593,901.00. Following the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 12.45% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Roth Capital lowered their price objective on shares of Constellation Brands from $256.00 to $239.00 and set a "buy" rating for the company in a research report on Tuesday, May 20th. Piper Sandler raised their price target on shares of Constellation Brands from $165.00 to $170.00 and gave the company a "neutral" rating in a research report on Friday, June 6th. Cowen reissued a "hold" rating on shares of Constellation Brands in a research report on Monday. BMO Capital Markets decreased their price target on shares of Constellation Brands from $260.00 to $215.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Finally, Needham & Company LLC raised their price target on shares of Constellation Brands from $195.00 to $200.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. Eleven analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Constellation Brands has a consensus rating of "Moderate Buy" and a consensus target price of $213.74.

Constellation Brands Price Performance

Shares of NYSE STZ traded up $3.13 on Thursday, hitting $172.17. The company's stock had a trading volume of 2,082,942 shares, compared to its average volume of 1,918,214. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.07 and a quick ratio of 0.68. The company has a market capitalization of $30.65 billion, a price-to-earnings ratio of -72.04, a price-to-earnings-growth ratio of 10.34 and a beta of 0.67. The stock has a 50 day moving average of $176.12 and a 200-day moving average of $182.45. Constellation Brands Inc has a 12-month low of $159.35 and a 12-month high of $264.45.

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 (EPS) for the quarter, missing the consensus estimate of $3.45 by ($0.23). Constellation Brands had a positive return on equity of 31.41% and a negative net margin of 4.11%. The business had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same period in the previous year, the company earned $3.57 EPS. Constellation Brands's revenue was down 5.5% on a year-over-year basis. As a group, research analysts predict that Constellation Brands Inc will post 13.5 EPS for the current year.

Constellation Brands Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Wednesday, July 30th. This represents a $4.08 annualized dividend and a dividend yield of 2.37%. Constellation Brands's dividend payout ratio (DPR) is presently -170.71%.

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.