Hudson Edge Investment Partners Inc. Has $5.16 Million Stock Position in Constellation Brands Inc (NYSE:STZ)

Hudson Edge Investment Partners Inc. grew its stake in Constellation Brands Inc (NYSE:STZ - Free Report) by 9.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,111 shares of the company's stock after buying an additional 2,332 shares during the period. Hudson Edge Investment Partners Inc.'s holdings in Constellation Brands were worth $5,159,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Harbor Capital Advisors Inc. grew its holdings in shares of Constellation Brands by 36.4% during the first quarter. Harbor Capital Advisors Inc. now owns 3,051 shares of the company's stock worth $560,000 after purchasing an additional 815 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Constellation Brands during the 4th quarter worth approximately $26,000. Golden State Wealth Management LLC increased its position in Constellation Brands by 137.0% during the first quarter. Golden State Wealth Management LLC now owns 2,204 shares of the company's stock worth $405,000 after buying an additional 1,274 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in Constellation Brands by 28.9% in the first quarter. Oppenheimer Asset Management Inc. now owns 7,360 shares of the company's stock valued at $1,351,000 after buying an additional 1,651 shares during the last quarter. Finally, Johnson Investment Counsel Inc. boosted its holdings in shares of Constellation Brands by 8.1% in the first quarter. Johnson Investment Counsel Inc. now owns 2,495 shares of the company's stock valued at $458,000 after acquiring an additional 187 shares during the period. 77.34% of the stock is owned by hedge funds and other institutional investors.

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 stock was sold at an average price of $188.54, for a total transaction of $593,901.00. Following 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 12.45% of the company's stock.

Constellation Brands Stock Down 0.7%

Shares of STZ traded down $1.26 on Friday, hitting $172.61. The company's stock had a trading volume of 1,808,258 shares, compared to its average volume of 1,910,866. The firm's fifty day moving average price is $177.36 and its 200-day moving average price is $184.05. 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 quick ratio of 0.56, a current ratio of 1.07 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $30.73 billion, a price-to-earnings ratio of -72.22, a P/E/G ratio of 9.64 and a beta of 1.75.

Constellation Brands (NYSE:STZ - Get Free Report) last released 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 the consensus estimate of $2.57 billion. Constellation Brands had a positive return on equity of 31.41% and a negative net margin of 4.11%. Constellation Brands's revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter last year, the company posted $3.57 EPS. On average, equities research analysts expect that Constellation Brands Inc will post 13.5 EPS for the current year.

Constellation Brands Dividend Announcement

The business 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 $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date is Wednesday, July 30th. Constellation Brands's dividend payout ratio is currently -170.71%.

Analyst Ratings Changes

STZ has been the subject of a number of recent research reports. Bank of America lifted their price target on shares of Constellation Brands from $180.00 to $182.00 and gave the stock a "neutral" rating in a report on Thursday. UBS Group increased their target price on Constellation Brands from $195.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday. Royal Bank Of Canada cut their price objective on shares of Constellation Brands from $289.00 to $233.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. DA Davidson reduced their target price on shares of Constellation Brands from $272.00 to $241.00 in a report on Friday, April 11th. Finally, Bernstein Bank lowered their price objective on shares of Constellation Brands from $260.00 to $225.00 and set an "outperform" rating for the company in a research report on Thursday, April 10th. Eleven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $213.35.

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.