Inscription Capital LLC Acquires New Holdings in Constellation Brands Inc (NYSE:STZ)

Inscription Capital LLC acquired a new position in Constellation Brands Inc (NYSE:STZ - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,825 shares of the company's stock, valued at approximately $335,000.

Other institutional investors have also made changes to their positions in the company. Mainstream Capital Management LLC acquired a new position in Constellation Brands during the 4th quarter valued at $25,000. SBI Securities Co. Ltd. bought a new position in shares of Constellation Brands during the 4th quarter worth about $26,000. Union Bancaire Privee UBP SA acquired a new position in shares of Constellation Brands during the fourth quarter valued at about $28,000. Minot DeBlois Advisors LLC acquired a new position in shares of Constellation Brands during the fourth quarter valued at about $29,000. Finally, Optiver Holding B.V. bought a new stake in shares of Constellation Brands in the fourth quarter valued at about $31,000. 77.34% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Samuel J. Glaetzer sold 3,150 shares of the business's stock in a transaction on 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 now owns 3,126 shares of the company's stock, valued at $589,376.04. The trade was a 50.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 12.45% of the stock is currently owned by company insiders.

Constellation Brands Trading Up 1.2%

NYSE STZ traded up $1.92 during trading hours on Friday, hitting $161.92. The company's stock had a trading volume of 630,013 shares, compared to its average volume of 1,827,791. Constellation Brands Inc has a twelve month low of $159.37 and a twelve month high of $265.70. The firm has a market capitalization of $28.82 billion, a P/E ratio of -317.09, a PEG ratio of 8.67 and a beta of 1.75. The company has a quick ratio of 0.56, a current ratio of 0.92 and a debt-to-equity ratio of 1.30. The stock has a fifty day moving average of $181.63 and a 200 day moving average of $189.18.

Constellation Brands (NYSE:STZ - Get Free Report) last posted its quarterly earnings results on Wednesday, April 9th. The company reported $2.63 earnings per share for the quarter, beating analysts' consensus estimates of $2.28 by $0.35. The company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.14 billion. Constellation Brands had a positive return on equity of 29.56% and a negative net margin of 0.74%. The firm's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.26 EPS. Equities research analysts forecast that Constellation Brands Inc will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Tuesday, April 29th were paid a $1.02 dividend. The ex-dividend date of this dividend was Tuesday, April 29th. This is a boost from Constellation Brands's previous quarterly dividend of $1.01. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.52%. Constellation Brands's dividend payout ratio is -800.00%.

Analyst Ratings Changes

STZ has been the topic of several research reports. The Goldman Sachs Group lowered their price target on Constellation Brands from $260.00 to $225.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Wall Street Zen upgraded Constellation Brands from a "sell" rating to a "hold" rating in a research report on Tuesday, May 20th. JPMorgan Chase & Co. reduced their target price on Constellation Brands from $203.00 to $194.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Morgan Stanley decreased 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 research note on Friday, April 11th. Finally, Roth Mkm lowered their price target on shares of Constellation Brands from $284.00 to $256.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. 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 company currently has an average rating of "Moderate Buy" and an average price target of $215.87.

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.