Northcape Wealth Management LLC Acquires 2,762 Shares of Constellation Brands Inc (NYSE:STZ)

Northcape Wealth Management LLC increased its holdings in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 27.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,720 shares of the company's stock after acquiring an additional 2,762 shares during the quarter. Northcape Wealth Management LLC's holdings in Constellation Brands were worth $2,334,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. increased its position in Constellation Brands by 13.3% during the fourth quarter. Vanguard Group Inc. now owns 15,534,787 shares of the company's stock worth $3,433,188,000 after acquiring an additional 1,821,969 shares during the period. Capital World Investors increased its holdings 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 buying an additional 324,690 shares during the period. Berkshire Hathaway Inc bought a new position in Constellation Brands in the 4th quarter valued at about $1,242,976,000. Geode Capital Management LLC increased its holdings 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 buying an additional 63,323 shares during the period. Finally, Capital Research Global Investors increased its holdings 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 buying an additional 18,557 shares during the period. 77.34% of the stock is owned by institutional investors.

Insider Buying and Selling at Constellation Brands

In other news, EVP Samuel J. Glaetzer sold 3,150 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $188.54, for a total transaction 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 $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. Corporate insiders own 12.45% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Constellation Brands from $191.00 to $185.00 and set a "hold" rating on the stock in a report on Thursday, June 5th. Royal Bank Of Canada decreased their target price 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. JPMorgan Chase & Co. decreased their target price on shares of Constellation Brands from $194.00 to $170.00 and set a "neutral" rating on the stock in a report on Thursday. CJS Securities decreased their target price on shares of Constellation Brands from $196.00 to $194.00 in a report on Monday, May 19th. Finally, Citigroup decreased their target price on shares of Constellation Brands from $190.00 to $170.00 and set a "neutral" rating on the stock in a report on Wednesday, June 18th. Eleven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $211.91.

Constellation Brands Trading Up 0.0%

STZ opened at $161.34 on Friday. 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 fifty-two week low of $159.35 and a fifty-two week high of $264.45. The company's 50 day moving average price is $178.84 and its two-hundred day moving average price is $185.58. The firm has a market capitalization of $28.72 billion, a price-to-earnings ratio of -316.35, a PEG ratio of 8.92 and a beta of 0.70.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its quarterly earnings results on Wednesday, April 9th. The company reported $2.63 EPS for the quarter, topping analysts' consensus estimates of $2.28 by $0.35. Constellation Brands had a negative net margin of 0.74% and a positive return on equity of 29.56%. The company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the previous year, the business earned $2.26 earnings per share. Constellation Brands's revenue was up 1.2% compared to the same quarter last year. As a group, research analysts predict that Constellation Brands Inc will post 13.5 earnings per share for the current 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 issued a dividend of $1.02 per share. The ex-dividend date of this dividend was Tuesday, April 29th. This is an increase from Constellation Brands's previous quarterly dividend of $1.01. This represents a $4.08 annualized dividend and a yield of 2.53%. Constellation Brands's payout ratio is presently -800.00%.

Constellation Brands 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.

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