Mutual Advisors LLC Has $1.26 Million Stock Holdings in Constellation Brands Inc (NYSE:STZ)

Mutual Advisors LLC increased its holdings in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 49.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,809 shares of the company's stock after purchasing an additional 2,265 shares during the period. Mutual Advisors LLC's holdings in Constellation Brands were worth $1,262,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in STZ. Berkshire Hathaway Inc purchased a new position in shares of Constellation Brands in the fourth quarter valued at $1,242,976,000. Norges Bank purchased a new position in shares of Constellation Brands in the fourth quarter valued at $445,883,000. Vanguard Group Inc. boosted its stake in shares of Constellation Brands by 13.3% in the fourth quarter. Vanguard Group Inc. now owns 15,534,787 shares of the company's stock valued at $3,433,188,000 after purchasing an additional 1,821,969 shares during the period. D1 Capital Partners L.P. boosted its stake in shares of Constellation Brands by 186.6% in the fourth quarter. D1 Capital Partners L.P. now owns 1,527,689 shares of the company's stock valued at $337,619,000 after purchasing an additional 994,639 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC raised its holdings in Constellation Brands by 42.9% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 2,454,258 shares of the company's stock valued at $542,391,000 after acquiring an additional 736,780 shares in the last quarter. 77.34% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Samuel J. Glaetzer sold 3,150 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $188.54, for a total transaction of $593,901.00. Following the transaction, the executive vice president owned 3,126 shares of the company's stock, valued at approximately $589,376.04. This trade represents a 50.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 12.45% of the company's stock.

Constellation Brands Price Performance

Shares of NYSE:STZ traded down $1.26 during trading hours on Friday, hitting $172.61. 1,808,258 shares of the company's stock traded hands, compared to its average volume of 1,910,735. Constellation Brands Inc has a 52 week low of $159.35 and a 52 week high of $264.45. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.56 and a current ratio of 1.07. The company's fifty day simple moving average is $177.11 and its two-hundred day simple moving average is $183.33. The company has a market cap of $30.73 billion, a price-to-earnings ratio of -72.22, a price-to-earnings-growth ratio of 9.57 and a beta of 0.67.

Constellation Brands (NYSE:STZ - Get Free Report) last posted its quarterly earnings data on Tuesday, July 1st. The company reported $3.22 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 analysts' expectations 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 quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the prior year, the company posted $3.57 earnings per share. As a group, equities analysts anticipate that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Wednesday, July 30th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Wednesday, July 30th. Constellation Brands's payout ratio is presently -170.71%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on STZ shares. Citigroup upped their price target on shares of Constellation Brands from $170.00 to $174.00 and gave the company a "neutral" rating in a report on Thursday. Roth Mkm dropped their target price 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. Wells Fargo & Company dropped their target price on shares of Constellation Brands from $210.00 to $196.00 and set an "overweight" rating on the stock in a report on Wednesday, June 25th. Bernstein Bank dropped 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. Finally, Roth Capital dropped their target price on shares of Constellation Brands from $256.00 to $239.00 and set a "buy" rating on the stock in a report on Tuesday, May 20th. Eleven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Constellation Brands has an average rating of "Moderate Buy" and an average target price 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.