Sanibel Captiva Trust Company Inc. Purchases 10,944 Shares of Constellation Brands, Inc. (NYSE:STZ)

Sanibel Captiva Trust Company Inc. increased its position in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 66.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,300 shares of the company's stock after purchasing an additional 10,944 shares during the period. Sanibel Captiva Trust Company Inc.'s holdings in Constellation Brands were worth $5,010,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Mainstream Capital Management LLC acquired a new stake in Constellation Brands in the 4th quarter valued at $25,000. SBI Securities Co. Ltd. acquired a new stake in Constellation Brands in the 4th quarter valued at $26,000. Compagnie Lombard Odier SCmA acquired a new stake in Constellation Brands in the 4th quarter valued at $27,000. Union Bancaire Privee UBP SA acquired a new position in Constellation Brands in the fourth quarter worth $28,000. Finally, Minot DeBlois Advisors LLC acquired a new position in Constellation Brands in the fourth quarter worth $29,000. 77.34% of the stock is currently owned by institutional investors.

Constellation Brands Stock Down 1.7%

NYSE STZ traded down $2.94 during mid-day trading on Friday, hitting $166.87. The company's stock had a trading volume of 635,841 shares, compared to its average volume of 1,804,309. The company's 50 day simple moving average is $183.33 and its 200 day simple moving average is $191.77. Constellation Brands, Inc. has a twelve month low of $160.46 and a twelve month high of $265.70. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $29.71 billion, a price-to-earnings ratio of 44.83, a PEG ratio of 1.52 and a beta of 1.75.

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 for the quarter, beating the consensus estimate of $2.28 by $0.35. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The business had revenue of $2.13 billion for the quarter, compared to analysts' expectations of $2.14 billion. During the same period last year, the business earned $2.26 EPS. The business's revenue was up 1.2% on a year-over-year basis. Analysts anticipate that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Tuesday, April 29th were given a $1.02 dividend. The ex-dividend date of this dividend was Tuesday, April 29th. This represents a $4.08 annualized dividend and a yield of 2.44%. This is an increase from Constellation Brands's previous quarterly dividend of $1.01. Constellation Brands's payout ratio is presently -800.00%.

Insider Buying and Selling at Constellation Brands

In other Constellation Brands news, EVP Samuel J. Glaetzer sold 3,150 shares of the 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 owns 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 12.19% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on STZ. Needham & Company LLC restated a "buy" rating and set a $215.00 target price on shares of Constellation Brands in a research report on Thursday, April 10th. Royal Bank of Canada dropped their target price on Constellation Brands from $289.00 to $233.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. JPMorgan Chase & Co. dropped their target price on Constellation Brands from $203.00 to $194.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. CJS Securities dropped their target price on Constellation Brands from $196.00 to $194.00 in a research report on Monday, May 19th. Finally, Roth Mkm dropped their target price on Constellation Brands from $284.00 to $256.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Eleven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, Constellation Brands has a consensus rating of "Moderate Buy" and an average price target of $220.00.

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.