Rovin Capital UT ADV Makes New Investment in Constellation Brands Inc (NYSE:STZ)

Rovin Capital UT ADV acquired a new position in shares of Constellation Brands Inc (NYSE:STZ - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,103 shares of the company's stock, valued at approximately $386,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mainstream Capital Management LLC bought a new position in shares of Constellation Brands during the fourth quarter valued at $25,000. SBI Securities Co. Ltd. bought a new position in Constellation Brands during the 4th quarter worth $26,000. Minot DeBlois Advisors LLC acquired a new position in Constellation Brands during the 4th quarter worth about $29,000. Optiver Holding B.V. bought a new stake in shares of Constellation Brands in the 4th quarter valued at about $31,000. Finally, Rialto Wealth Management LLC acquired a new stake in shares of Constellation Brands in the fourth quarter valued at about $37,000. Institutional investors own 77.34% of the company's stock.

Insider Buying and Selling at Constellation Brands

In related news, EVP Samuel J. Glaetzer sold 3,150 shares of the stock in a transaction dated Tuesday, May 13th. The shares were 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 owned 3,126 shares in the company, valued at approximately $589,376.04. This represents a 50.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 12.45% of the company's stock.

Constellation Brands Stock Down 0.7%

Constellation Brands stock traded down $1.26 during midday trading on Friday, hitting $172.61. 1,808,258 shares of the stock were exchanged, compared to its average volume of 1,910,866. Constellation Brands Inc has a 52-week low of $159.35 and a 52-week high of $264.45. The company has a quick ratio of 0.56, a current ratio of 1.07 and a debt-to-equity ratio of 1.30. The business's 50-day moving average price is $177.36 and its 200-day moving average price is $184.05. The stock has a market capitalization of $30.73 billion, a price-to-earnings ratio of -72.22, a price-to-earnings-growth ratio of 9.64 and a beta of 1.75.

Constellation Brands (NYSE:STZ - Get Free Report) last posted its earnings results on Tuesday, July 1st. The company reported $3.22 EPS for the quarter, missing the consensus estimate of $3.45 by ($0.23). The firm had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.57 billion. Constellation Brands had a positive return on equity of 31.41% and a negative net margin of 4.11%. 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 business earned $3.57 EPS. On average, research analysts expect that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders 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 dividend yield of 2.36%. The ex-dividend date of this dividend is Wednesday, July 30th. Constellation Brands's dividend payout ratio is presently -170.71%.

Wall Street Analysts Forecast Growth

STZ has been the subject of a number of recent analyst reports. The Goldman Sachs Group set a $225.00 target price on shares of Constellation Brands and gave the company a "buy" rating in a research report on Friday, June 27th. Wall Street Zen raised Constellation Brands from a "sell" rating to a "hold" rating in a research note on Tuesday, May 20th. Morgan Stanley lowered their target price on Constellation Brands from $202.00 to $195.00 and set an "equal weight" rating for the company in a report on Friday, April 11th. Needham & Company LLC boosted their price target on Constellation Brands from $195.00 to $200.00 and gave the company a "buy" rating in a research note on Thursday. Finally, BMO Capital Markets reduced their price objective on shares of Constellation Brands from $260.00 to $215.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Eleven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $213.35.

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.