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

Gibraltar Capital Management Inc. lifted its stake in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 83.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,223 shares of the company's stock after buying an additional 21,924 shares during the quarter. Constellation Brands makes up about 1.9% of Gibraltar Capital Management Inc.'s investment portfolio, making the stock its 13th largest holding. Gibraltar Capital Management Inc.'s holdings in Constellation Brands were worth $8,850,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in shares of Constellation Brands by 23.0% during the fourth quarter. Brighton Jones LLC now owns 1,001 shares of the company's stock valued at $221,000 after acquiring an additional 187 shares during the period. Bank Pictet & Cie Europe AG lifted 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 purchasing an additional 1,733 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Constellation Brands in the 4th quarter worth approximately $26,000. Assetmark Inc. lifted its position in Constellation Brands by 10.9% in the fourth quarter. Assetmark Inc. now owns 25,071 shares of the company's stock worth $5,541,000 after purchasing an additional 2,462 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in Constellation Brands in the fourth quarter worth approximately $25,119,000. 77.34% of the stock is owned by institutional investors and hedge funds.

Constellation Brands Stock Performance

NYSE:STZ traded up $1.14 during mid-day trading on Tuesday, hitting $171.48. 546,248 shares of the stock were exchanged, compared to its average volume of 1,908,269. Constellation Brands Inc has a fifty-two week low of $159.35 and a fifty-two week high of $264.45. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.68 and a current ratio of 1.07. The stock has a market capitalization of $30.53 billion, a price-to-earnings ratio of -71.75, a price-to-earnings-growth ratio of 9.57 and a beta of 1.75. The firm's 50-day simple moving average is $176.80 and its 200 day simple moving average is $182.62.

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). Constellation Brands had a negative net margin of 4.11% and a positive return on equity of 31.41%. The business had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the previous year, the firm posted $3.57 EPS. The company's revenue was down 5.5% compared to the same quarter last year. As a group, equities analysts anticipate that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Wednesday, July 30th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Wednesday, July 30th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.38%. Constellation Brands's dividend payout ratio (DPR) is currently -170.71%.

Insider Activity at Constellation Brands

In other news, EVP Samuel J. Glaetzer sold 3,150 shares of the company'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 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 filing with the SEC, which is available through this hyperlink. Company insiders own 12.45% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Morgan Stanley cut their target price on Constellation Brands from $202.00 to $195.00 and set an "equal weight" rating on the stock in a report on Friday, April 11th. Wells Fargo & Company decreased their price target on Constellation Brands from $210.00 to $196.00 and set an "overweight" rating on the stock in a research report on Wednesday, June 25th. CJS Securities decreased their price objective on Constellation Brands from $196.00 to $194.00 in a research report on Monday, May 19th. DA Davidson reduced their target price on shares of Constellation Brands from $272.00 to $241.00 in a research note on Friday, April 11th. Finally, Bank of America raised their price objective on shares of Constellation Brands from $180.00 to $182.00 and gave the company a "neutral" rating in a research note on Thursday, July 3rd. Eleven research 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 stock. According to MarketBeat, Constellation Brands currently has a consensus rating of "Moderate Buy" and an average price target of $213.74.

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.