Vickerman Investment Advisors Inc. Purchases Shares of 2,407 Constellation Brands Inc (NYSE:STZ)

Vickerman Investment Advisors Inc. acquired a new position in Constellation Brands Inc (NYSE:STZ - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 2,407 shares of the company's stock, valued at approximately $442,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in Constellation Brands in the fourth quarter valued at approximately $26,000. Minot DeBlois Advisors LLC bought a new position in Constellation Brands during the fourth quarter worth about $29,000. Optiver Holding B.V. bought a new stake in Constellation Brands during the 4th quarter worth approximately $31,000. Rialto Wealth Management LLC bought a new stake in shares of Constellation Brands during the fourth quarter worth $37,000. Finally, Laurel Wealth Advisors LLC acquired a new stake in shares of Constellation Brands in the 1st quarter valued at about $32,000. Institutional investors own 77.34% of the company's stock.

Analyst Upgrades and Downgrades

STZ has been the topic of a number of research reports. Wells Fargo & Company cut their price objective on shares of Constellation Brands from $210.00 to $196.00 and set an "overweight" rating on the stock in a research report on Wednesday, June 25th. JPMorgan Chase & Co. raised their price objective on Constellation Brands from $170.00 to $182.00 and gave the company a "neutral" rating in a research report on Thursday. Jefferies Financial Group lowered their price target on shares of Constellation Brands from $201.00 to $196.00 in a report on Friday, April 11th. 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 report on Thursday, April 3rd. Finally, DA Davidson decreased their target price on shares of Constellation Brands from $272.00 to $241.00 in a research report on Friday, April 11th. Eleven equities research 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.com, Constellation Brands has a consensus rating of "Moderate Buy" and an average price target of $213.35.

Insider Activity

In related news, EVP Samuel J. Glaetzer sold 3,150 shares of the company's stock in a transaction that occurred 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 sale, the executive vice president directly owned 3,126 shares in the company, valued at $589,376.04. This represents a 50.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 12.45% of the stock is owned by company insiders.

Constellation Brands Price Performance

Shares of NYSE STZ traded down $1.26 during mid-day trading on Friday, hitting $172.61. 1,808,258 shares of the stock traded hands, compared to its average volume of 1,910,735. The company has a market cap of $30.73 billion, a PE ratio of -72.22, a price-to-earnings-growth ratio of 9.57 and a beta of 0.67. Constellation Brands Inc has a twelve month low of $159.35 and a twelve month high of $264.45. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.07 and a quick ratio of 0.56. The firm has a 50 day simple moving average of $177.11 and a two-hundred day simple moving average of $183.33.

Constellation Brands (NYSE:STZ - Get Free Report) last posted its earnings results on Tuesday, July 1st. The company reported $3.22 earnings per share for the quarter, missing analysts' consensus estimates of $3.45 by ($0.23). The business 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%. The company's revenue was down 5.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.57 earnings per share. As a group, equities research analysts forecast that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Wednesday, July 30th will be paid a $1.02 dividend. The ex-dividend date is Wednesday, July 30th. This represents a $4.08 annualized dividend and a dividend yield of 2.36%. Constellation Brands's payout ratio is -170.71%.

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.