Gilbert & Cook Inc. Has $427,000 Stock Holdings in Constellation Brands Inc (NYSE:STZ)

Key Points

• Gilbert & Cook Inc. reduced its stake in Constellation Brands by 48.9%, selling 2,224 shares and owning 2,325 shares worth $427,000 after the sale.
• Recent institutional investments include Berkshire Hathaway acquiring a new position worth approximately $1.24 billion and D1 Capital Partners increasing its stake by 186.6%.
• Constellation Brands reported Q2 earnings of $3.22 per share, missing analyst expectations, with a revenue decrease of 5.5% year-over-year.

Gilbert & Cook Inc. reduced its position in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 48.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,325 shares of the company's stock after selling 2,224 shares during the period. Gilbert & Cook Inc.'s holdings in Constellation Brands were worth $427,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Berkshire Hathaway Inc bought a new position in Constellation Brands in the 4th quarter worth $1,242,976,000. Norges Bank purchased a new stake in shares of Constellation Brands in the 4th quarter worth about $445,883,000. D1 Capital Partners L.P. grew its position in shares of Constellation Brands by 186.6% in the 4th quarter. D1 Capital Partners L.P. now owns 1,527,689 shares of the company's stock worth $337,619,000 after buying an additional 994,639 shares during the period. Grantham Mayo Van Otterloo & Co. LLC grew its position in shares of Constellation Brands by 42.9% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 2,454,258 shares of the company's stock worth $542,391,000 after buying an additional 736,780 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of Constellation Brands by 7,602.6% in the 1st quarter. GAMMA Investing LLC now owns 396,220 shares of the company's stock worth $72,714,000 after buying an additional 391,076 shares during the period. 77.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

STZ has been the subject of several recent research reports. Wells Fargo & Company cut their target price on shares of Constellation Brands from $210.00 to $196.00 and set an "overweight" rating for the company in a research report on Wednesday, June 25th. The Goldman Sachs Group set a $225.00 target price on shares of Constellation Brands and gave the stock a "buy" rating in a research report on Friday, June 27th. Needham & Company LLC increased their target price on shares of Constellation Brands from $195.00 to $200.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. DA Davidson reduced their price target on shares of Constellation Brands from $272.00 to $241.00 in a research note on Friday, April 11th. Finally, Bank of America increased their target price on shares of Constellation Brands from $180.00 to $182.00 and gave the stock a "neutral" rating in a report on Thursday, July 3rd. Eleven 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 company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $213.74.

Insider Activity

In related news, EVP James O. Bourdeau sold 821 shares of the company's stock in a transaction on Monday, July 21st. The shares were sold at an average price of $169.00, for a total value of $138,749.00. Following the completion of the sale, the executive vice president owned 9,438 shares in the company, valued at $1,595,022. This represents a 8.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Samuel J. Glaetzer sold 3,150 shares of the business'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 completion of the transaction, the executive vice president directly owned 3,126 shares of the company's stock, valued at approximately $589,376.04. The trade was a 50.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.45% of the stock is currently owned by insiders.

Constellation Brands Stock Performance

STZ traded down $0.03 during trading on Friday, reaching $175.61. 1,014,120 shares of the company's stock were exchanged, compared to its average volume of 2,480,315. The business has a 50 day moving average price of $171.87 and a 200 day moving average price of $177.92. The company has a quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 1.30. Constellation Brands Inc has a fifty-two week low of $159.35 and a fifty-two week high of $261.06. The company has a market capitalization of $30.96 billion, a P/E ratio of -73.48, a PEG ratio of 10.62 and a beta of 1.75.

Constellation Brands (NYSE:STZ - Get Free Report) last posted its quarterly earnings results 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). The firm had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.57 billion. Constellation Brands had a negative net margin of 4.11% and a positive return on equity of 31.41%. Constellation Brands's revenue was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.57 EPS. As a group, analysts predict that Constellation Brands Inc will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Wednesday, July 30th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Wednesday, July 30th. Constellation Brands's dividend payout ratio (DPR) is currently -170.71%.

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.