Mmbg Investment Advisors CO. Has $6.22 Million Holdings in Constellation Brands Inc (NYSE:STZ)

Mmbg Investment Advisors CO. grew its stake in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 27.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,868 shares of the company's stock after acquiring an additional 7,382 shares during the period. Mmbg Investment Advisors CO.'s holdings in Constellation Brands were worth $6,215,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Mainstream Capital Management LLC acquired a new stake in shares of Constellation Brands in the fourth quarter valued at approximately $25,000. SBI Securities Co. Ltd. bought a new stake in shares of Constellation Brands in the fourth quarter worth $26,000. Minot DeBlois Advisors LLC bought a new stake in shares of Constellation Brands in the fourth quarter worth $29,000. Optiver Holding B.V. acquired a new position in Constellation Brands in the fourth quarter valued at $31,000. Finally, Laurel Wealth Advisors LLC acquired a new position in Constellation Brands in the first quarter valued at $32,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Constellation Brands Stock Performance

Shares of NYSE:STZ opened at $161.34 on Friday. The company has a market cap of $28.72 billion, a P/E ratio of -316.35, a PEG ratio of 8.92 and a beta of 0.70. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.56 and a current ratio of 0.92. Constellation Brands Inc has a one year low of $159.35 and a one year high of $264.45. The business's 50-day simple moving average is $178.84 and its 200 day simple moving average is $185.58.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its quarterly earnings results on Wednesday, April 9th. The company reported $2.63 earnings per share for the quarter, topping analysts' consensus estimates of $2.28 by $0.35. The firm had revenue of $2.13 billion for the quarter, compared to analysts' expectations of $2.14 billion. Constellation Brands had a positive return on equity of 29.56% and a negative net margin of 0.74%. Constellation Brands's revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the business posted $2.26 EPS. On average, sell-side 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 announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Tuesday, April 29th were paid a $1.02 dividend. This is a positive change from Constellation Brands's previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Tuesday, April 29th. This represents a $4.08 annualized dividend and a yield of 2.53%. Constellation Brands's dividend payout ratio is presently -800.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on STZ shares. Bernstein Bank lowered their target price on shares of Constellation Brands from $260.00 to $225.00 and set an "outperform" rating on the stock in a report on Thursday, April 10th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Constellation Brands from $191.00 to $185.00 and set a "hold" rating on the stock in a research note on Thursday, June 5th. The Goldman Sachs Group set a $225.00 price target on shares of Constellation Brands and gave the company a "buy" rating in a research note on Friday. Roth Mkm lowered their target price on shares of Constellation Brands from $284.00 to $256.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Finally, Bank of America lowered their target price on shares of Constellation Brands from $195.00 to $180.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 18th. Eleven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $211.91.

Insider Activity at Constellation Brands

In other Constellation Brands news, EVP Samuel J. Glaetzer sold 3,150 shares of the company's stock in a transaction dated 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 owns 3,126 shares of the company's stock, valued at $589,376.04. This represents a 50.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 12.45% of the stock is owned by insiders.

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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