Bank of Edwardsville acquired a new stake in Constellation Brands, Inc. (NYSE:STZ) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,363 shares of the company’s stock, valued at approximately $239,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in STZ. Truewealth LLC raised its position in Constellation Brands by 467.9% in the fourth quarter. Truewealth LLC now owns 159 shares of the company’s stock valued at $26,000 after purchasing an additional 131 shares during the period. City Holding Co. purchased a new stake in Constellation Brands in the fourth quarter valued at approximately $31,000. Ledyard National Bank purchased a new stake in Constellation Brands in the fourth quarter valued at approximately $31,000. We Are One Seven LLC purchased a new stake in Constellation Brands in the fourth quarter valued at approximately $32,000. Finally, Quantamental Technologies LLC purchased a new stake in Constellation Brands in the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 73.15% of the company’s stock.

In other news, VP Thomas Michael Kane sold 3,071 shares of the stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $190.08, for a total transaction of $583,735.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Barry A. Fromberg sold 810 shares of the stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $173.05, for a total transaction of $140,170.50. Following the sale, the director now owns 20,550 shares of the company’s stock, valued at approximately $3,556,177.50. The disclosure for this sale can be found here. Insiders sold 5,381 shares of company stock valued at $985,986 in the last 90 days. 15.80% of the stock is currently owned by insiders.

A number of brokerages have issued reports on STZ. Susquehanna Bancshares raised Constellation Brands to a “neutral” rating and set a $174.00 target price on the stock in a research report on Monday, January 7th. Guggenheim raised Constellation Brands from a “sell” rating to a “neutral” rating in a research report on Wednesday, January 9th. Citigroup cut their price objective on Constellation Brands to $168.00 and set a “neutral” rating on the stock in a research report on Thursday, January 10th. Morgan Stanley dropped their target price on Constellation Brands from $246.00 to $207.00 and set an “overweight” rating on the stock in a report on Friday, January 11th. Finally, OTR Global lowered Constellation Brands to a “positive” rating in a report on Tuesday, December 18th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $222.42.

NYSE STZ opened at $190.89 on Wednesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.16 and a quick ratio of 0.49. Constellation Brands, Inc. has a 1 year low of $150.37 and a 1 year high of $236.62. The firm has a market capitalization of $36.70 billion, a price-to-earnings ratio of 20.57, a P/E/G ratio of 2.09 and a beta of 0.45.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Thursday, April 4th. The company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.12. Constellation Brands had a net margin of 38.67% and a return on equity of 15.63%. The company had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the prior year, the firm posted $1.90 earnings per share. Constellation Brands’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, sell-side analysts anticipate that Constellation Brands, Inc. will post 8.79 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.57%. The ex-dividend date is Thursday, May 9th. This is an increase from Constellation Brands’s previous quarterly dividend of $0.74. Constellation Brands’s dividend payout ratio is currently 10.02%.

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About Constellation Brands

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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