Constellation Brands, Inc. (NYSE:STZ) Shares Bought by Applied Finance Capital Management LLC

Applied Finance Capital Management LLC boosted its position in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 10.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 75,267 shares of the company's stock after acquiring an additional 6,879 shares during the quarter. Applied Finance Capital Management LLC's holdings in Constellation Brands were worth $18,196,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Dillon & Associates Inc. increased its position in Constellation Brands by 2.7% during the fourth quarter. Dillon & Associates Inc. now owns 39,353 shares of the company's stock valued at $9,523,000 after acquiring an additional 1,033 shares during the last quarter. Zevenbergen Capital Investments LLC increased its position in Constellation Brands by 1.9% in the fourth quarter. Zevenbergen Capital Investments LLC now owns 7,105 shares of the company's stock worth $1,718,000 after buying an additional 135 shares in the last quarter. NorthRock Partners LLC increased its position in Constellation Brands by 69.3% in the fourth quarter. NorthRock Partners LLC now owns 1,696 shares of the company's stock worth $410,000 after buying an additional 694 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc purchased a new stake in Constellation Brands in the fourth quarter worth about $1,213,000. Finally, Great Lakes Advisors LLC increased its position in Constellation Brands by 0.3% in the fourth quarter. Great Lakes Advisors LLC now owns 28,060 shares of the company's stock worth $6,784,000 after buying an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 77.34% of the company's stock.

Analyst Ratings Changes

STZ has been the subject of a number of analyst reports. HSBC upped their price target on Constellation Brands from $290.00 to $300.00 and gave the stock a "buy" rating in a research report on Friday, April 12th. Roth Mkm restated a "buy" rating and issued a $305.00 price target on shares of Constellation Brands in a research report on Friday, April 12th. UBS Group upped their price target on Constellation Brands from $312.00 to $320.00 and gave the stock a "buy" rating in a research report on Friday, April 12th. Barclays upped their price objective on Constellation Brands from $294.00 to $295.00 and gave the stock an "overweight" rating in a research note on Monday, April 15th. Finally, Bank of America upped their price objective on Constellation Brands from $290.00 to $300.00 and gave the stock a "buy" rating in a research note on Monday, March 18th. Three research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $298.55.

Constellation Brands Trading Up 0.0 %

Shares of NYSE:STZ traded up $0.04 during trading on Friday, hitting $255.43. The company had a trading volume of 1,421,996 shares, compared to its average volume of 902,411. The stock has a market cap of $46.74 billion, a price-to-earnings ratio of 27.23, a price-to-earnings-growth ratio of 1.72 and a beta of 0.95. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.19 and a quick ratio of 0.53. The company has a fifty day simple moving average of $262.34 and a two-hundred day simple moving average of $250.48. Constellation Brands, Inc. has a one year low of $227.50 and a one year high of $274.87.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its quarterly earnings results on Thursday, April 11th. The company reported $2.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.10 by $0.16. Constellation Brands had a return on equity of 23.06% and a net margin of 16.13%. The company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period last year, the company earned $1.98 earnings per share. Constellation Brands's revenue was up 7.1% on a year-over-year basis. As a group, equities analysts forecast that Constellation Brands, Inc. will post 13.53 earnings per share for the current year.

Constellation Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Friday, May 3rd were paid a $1.01 dividend. The ex-dividend date of this dividend was Thursday, May 2nd. This represents a $4.04 annualized dividend and a yield of 1.58%. This is an increase from Constellation Brands's previous quarterly dividend of $0.89. Constellation Brands's dividend payout ratio (DPR) is presently 43.07%.

Insider Buying and Selling at Constellation Brands

In other Constellation Brands news, EVP Michael Mcgrew sold 3,237 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $255.50, for a total value of $827,053.50. Following the sale, the executive vice president now owns 1,731 shares in the company, valued at $442,270.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, EVP James A. Jr. Sabia sold 15,781 shares of the business's stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $263.63, for a total value of $4,160,345.03. Following the completion of the sale, the executive vice president now owns 20,910 shares in the company, valued at $5,512,503.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael Mcgrew sold 3,237 shares of the firm's stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $255.50, for a total value of $827,053.50. Following the transaction, the executive vice president now owns 1,731 shares in the company, valued at $442,270.50. The disclosure for this sale can be found here. Insiders sold 48,031 shares of company stock worth $12,582,321 over the last 90 days. Company insiders own 16.19% of the company's stock.

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.