Usca Ria LLC boosted its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 29.8% in the second quarter, HoldingsChannel reports. The firm owned 7,445 shares of the company’s stock after acquiring an additional 1,709 shares during the period. Usca Ria LLC’s holdings in Constellation Brands were worth $1,466,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Versant Capital Management Inc increased its holdings in Constellation Brands by 210.9% during the 1st quarter. Versant Capital Management Inc now owns 143 shares of the company’s stock valued at $25,000 after purchasing an additional 97 shares in the last quarter. Mosaic Family Wealth LLC acquired a new stake in Constellation Brands during the 1st quarter valued at $27,000. Gradient Investments LLC increased its holdings in Constellation Brands by 265.3% during the 2nd quarter. Gradient Investments LLC now owns 179 shares of the company’s stock valued at $35,000 after purchasing an additional 130 shares in the last quarter. Next Capital Management LLC acquired a new stake in Constellation Brands during the 2nd quarter valued at $35,000. Finally, Bay Harbor Wealth Management LLC acquired a new stake in Constellation Brands during the 1st quarter valued at $33,000. 71.37% of the stock is owned by hedge funds and other institutional investors.

In other news, CMO James A. Jr. Sabia sold 4,275 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $194.70, for a total value of $832,342.50. Following the transaction, the chief marketing officer now directly owns 43,494 shares in the company, valued at approximately $8,468,281.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeremy S. G. Fowden sold 10,213 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $197.35, for a total value of $2,015,535.55. Following the completion of the transaction, the director now owns 27,630 shares in the company, valued at $5,452,780.50. The disclosure for this sale can be found here. 15.86% of the stock is owned by company insiders.

Shares of NYSE:STZ traded up $4.39 during midday trading on Friday, hitting $198.79. The company had a trading volume of 955,600 shares, compared to its average volume of 973,876. Constellation Brands, Inc. has a 12 month low of $150.37 and a 12 month high of $228.91. The company has a current ratio of 1.22, a quick ratio of 0.71 and a debt-to-equity ratio of 0.94. The stock has a market cap of $37.24 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 2.91 and a beta of 0.71. The firm has a fifty day simple moving average of $197.45 and a 200 day simple moving average of $188.44.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings results on Friday, June 28th. The company reported $2.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.06 by $0.15. Constellation Brands had a return on equity of 14.98% and a net margin of 27.38%. The business had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same period last year, the company earned $2.20 EPS. The firm’s revenue was up 11.5% on a year-over-year basis. Equities analysts forecast that Constellation Brands, Inc. will post 8.36 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th will be given a $0.75 dividend. The ex-dividend date of this dividend is Monday, August 12th. This represents a $3.00 annualized dividend and a dividend yield of 1.51%. Constellation Brands’s dividend payout ratio is currently 32.33%.

Several research firms have recently commented on STZ. SunTrust Banks lifted their target price on Constellation Brands from $180.00 to $190.00 and gave the company a “hold” rating in a research note on Monday, July 1st. Morgan Stanley lifted their target price on Constellation Brands from $207.00 to $217.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 2nd. Zacks Investment Research raised Constellation Brands from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Barclays reissued a “buy” rating and issued a $238.00 target price on shares of Constellation Brands in a research note on Tuesday, July 2nd. Finally, Bank of America set a $221.00 target price on Constellation Brands and gave the company a “buy” rating in a research note on Monday, July 1st. Ten equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $223.73.

Constellation Brands 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. It provides beer primarily under the Corona Extra, Corona Light, Corona Premier, Corona Familiar Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Four Corners, and Ballast Point brands.

Further Reading: Equity Income

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

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