IRON Financial LLC Purchases Shares of 4,682 Constellation Brands Inc (NYSE:STZ)

IRON Financial LLC bought a new position in shares of Constellation Brands Inc (NYSE:STZ - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,682 shares of the company's stock, valued at approximately $859,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in Constellation Brands by 13.3% in the 4th quarter. Vanguard Group Inc. now owns 15,534,787 shares of the company's stock valued at $3,433,188,000 after acquiring an additional 1,821,969 shares during the period. Capital World Investors increased its position in Constellation Brands by 3.4% in the 4th quarter. Capital World Investors now owns 9,755,602 shares of the company's stock valued at $2,155,946,000 after acquiring an additional 324,690 shares during the period. Berkshire Hathaway Inc acquired a new position in Constellation Brands in the 4th quarter valued at about $1,242,976,000. Geode Capital Management LLC increased its position in Constellation Brands by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 3,204,003 shares of the company's stock valued at $705,844,000 after acquiring an additional 63,323 shares during the period. Finally, Capital Research Global Investors increased its position in Constellation Brands by 0.6% in the 4th quarter. Capital Research Global Investors now owns 2,901,975 shares of the company's stock valued at $641,336,000 after acquiring an additional 18,557 shares during the period. Institutional investors and hedge funds own 77.34% of the company's stock.

Constellation Brands Trading Up 0.0%

Shares of Constellation Brands stock opened at $161.34 on Monday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.92 and a quick ratio of 0.56. Constellation Brands Inc has a 1 year low of $159.35 and a 1 year high of $264.45. The company has a market capitalization of $28.72 billion, a P/E ratio of -316.35, a P/E/G ratio of 8.93 and a beta of 0.70. The business has a 50 day moving average price of $178.84 and a 200 day moving average price of $185.21.

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

Constellation Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Tuesday, April 29th were given a dividend of $1.02 per share. This is an increase from Constellation Brands's previous quarterly dividend of $1.01. This represents a $4.08 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend was Tuesday, April 29th. Constellation Brands's payout ratio is currently -800.00%.

Wall Street Analysts Forecast Growth

STZ has been the topic of several recent research reports. Bank of America dropped their price target on Constellation Brands from $195.00 to $180.00 and set a "neutral" rating on the stock in a research report on Wednesday, June 18th. BMO Capital Markets lowered their price objective on Constellation Brands from $260.00 to $215.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Roth Mkm lowered their price objective on Constellation Brands from $284.00 to $256.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Jefferies Financial Group lowered their price objective on Constellation Brands from $201.00 to $196.00 in a report on Friday, April 11th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Constellation Brands from $191.00 to $185.00 and set a "hold" rating on the stock in a report on Thursday, June 5th. Eleven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $211.91.

Insider Buying and Selling

In other Constellation Brands news, EVP Samuel J. Glaetzer sold 3,150 shares of the business's stock in a transaction 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 now directly owns 3,126 shares in the company, valued at approximately $589,376.04. The trade was a 50.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 12.45% of the company's stock.

About Constellation Brands

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.

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