Weybosset Research & Management LLC purchased a new stake in shares of Constellation Brands, Inc. (NYSE:STZ) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,350 shares of the company’s stock, valued at approximately $237,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. HC Financial Advisors Inc. grew its position in shares of Constellation Brands by 11.7% in the third quarter. HC Financial Advisors Inc. now owns 5,810 shares of the company’s stock valued at $1,253,000 after purchasing an additional 610 shares during the period. Bank of New York Mellon Corp boosted its position in Constellation Brands by 3.3% during the third quarter. Bank of New York Mellon Corp now owns 1,866,918 shares of the company’s stock worth $402,545,000 after acquiring an additional 59,594 shares during the last quarter. CI Investments Inc. boosted its position in Constellation Brands by 42.1% during the third quarter. CI Investments Inc. now owns 244,560 shares of the company’s stock worth $52,732,000 after acquiring an additional 72,493 shares during the last quarter. Kepos Capital LP acquired a new position in Constellation Brands during the third quarter worth about $42,160,000. Finally, Capital International Investors acquired a new position in Constellation Brands during the third quarter worth about $15,093,000. Institutional investors own 73.15% of the company’s stock.

In related news, Director Barry A. Fromberg sold 1,500 shares of the stock in a transaction on Friday, February 15th. The stock was sold at an average price of $174.72, for a total value of $262,080.00. Following the sale, the director now owns 18,240 shares in the company, valued at $3,186,892.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Thomas Michael Kane sold 3,071 shares of the firm’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $190.08, for a total value of $583,735.68. The disclosure for this sale can be found here. Insiders sold 5,381 shares of company stock valued at $985,986 over the last ninety days. Corporate insiders own 15.80% of the company’s stock.

NYSE:STZ traded down $0.97 during mid-day trading on Monday, hitting $189.56. 12,175 shares of the stock were exchanged, compared to its average volume of 2,397,098. The stock has a market cap of $36.18 billion, a P/E ratio of 20.48, a PEG ratio of 2.58 and a beta of 0.45. The company has a current ratio of 1.16, a quick ratio of 0.49 and a debt-to-equity ratio of 0.92. Constellation Brands, Inc. has a fifty-two week low of $150.37 and a fifty-two week high of $236.62.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Thursday, April 4th. The company reported $1.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.72 by $0.12. Constellation Brands had a return on equity of 15.63% and a net margin of 38.67%. The business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same period last year, the firm posted $1.90 EPS. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Constellation Brands, Inc. will post 8.53 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be issued a $0.75 dividend. This is a positive change from Constellation Brands’s previous quarterly dividend of $0.74. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Thursday, May 9th. Constellation Brands’s dividend payout ratio (DPR) is presently 31.90%.

A number of equities analysts recently weighed in on STZ shares. OTR Global downgraded shares of Constellation Brands to a “positive” rating in a research note on Tuesday, December 18th. Macquarie set a $192.00 target price on shares of Constellation Brands and gave the stock a “hold” rating in a research note on Monday, December 17th. Morgan Stanley set a $246.00 target price on shares of Constellation Brands and gave the stock a “buy” rating in a research note on Thursday, December 20th. HSBC raised shares of Constellation Brands from a “hold” rating to a “buy” rating in a research note on Monday, January 7th. They noted that the move was a valuation call. Finally, Susquehanna Bancshares raised shares of Constellation Brands to a “neutral” rating and set a $174.00 target price on the stock in a research note on Monday, January 7th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Constellation Brands currently has a consensus rating of “Buy” and an average target price of $222.42.

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Constellation Brands Company Profile

Constellation Brands, Inc, together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company sells wine across various categories, including table wine, sparkling wine, and dessert wine. It provides beer primarily under the Corona Extra, Corona Light, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Obregon Brewery, and Ballast Point brands.

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Institutional Ownership by Quarter for Constellation Brands (NYSE:STZ)

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