Wedbush Securities Inc. boosted its position in shares of Constellation Brands Inc (NYSE:STZ) by 49.3% during the second quarter, Holdings Channel reports. The institutional investor owned 2,817 shares of the company’s stock after buying an additional 930 shares during the period. Wedbush Securities Inc.’s holdings in Constellation Brands were worth $546,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Tompkins Financial Corp raised its stake in Constellation Brands by 29.4% in the first quarter. Tompkins Financial Corp now owns 770 shares of the company’s stock valued at $116,000 after buying an additional 175 shares in the last quarter. Harbour Capital Advisors LLC bought a new stake in Constellation Brands during the first quarter valued at approximately $117,000. Hanson McClain Inc. raised its stake in Constellation Brands by 0.3% in the first quarter. Hanson McClain Inc. now owns 769 shares of the company’s stock valued at $125,000 after buying an additional 2 shares in the last quarter. Barometer Capital Management Inc. bought a new stake in Constellation Brands during the first quarter valued at approximately $130,000. Finally, Coconut Grove Bank raised its stake in Constellation Brands by 106.8% in the first quarter. Coconut Grove Bank now owns 887 shares of the company’s stock valued at $144,000 after buying an additional 458 shares in the last quarter. Hedge funds and other institutional investors own 74.99% of the company’s stock.

Constellation Brands Inc (NYSE:STZ) opened at 198.70 on Wednesday. The stock’s 50 day moving average price is $194.44 and its 200-day moving average price is $175.47. The stock has a market cap of $38.81 billion, a price-to-earnings ratio of 24.92 and a beta of 0.06. Constellation Brands Inc has a 12 month low of $144.00 and a 12 month high of $199.89.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings results on Thursday, June 29th. The company reported $2.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.98 by $0.36. Constellation Brands had a return on equity of 21.57% and a net margin of 19.94%. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the previous year, the business earned $1.54 earnings per share. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. Equities research analysts predict that Constellation Brands Inc will post $8.17 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Monday, August 7th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.05%. Constellation Brands’s dividend payout ratio (DPR) is presently 26.03%.

ILLEGAL ACTIVITY NOTICE: “Wedbush Securities Inc. Purchases 930 Shares of Constellation Brands Inc (STZ)” was first reported by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of United States and international copyright and trademark legislation. The correct version of this piece of content can be accessed at https://www.watchlistnews.com/wedbush-securities-inc-purchases-930-shares-of-constellation-brands-inc-stz/1494300.html.

Several equities research analysts have commented on the company. Cowen and Company restated a “buy” rating and issued a $230.00 price objective on shares of Constellation Brands in a research report on Thursday, August 3rd. Royal Bank Of Canada restated a “buy” rating and issued a $220.00 price objective on shares of Constellation Brands in a research report on Wednesday, August 2nd. BidaskClub lowered Constellation Brands from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Goldman Sachs Group, Inc. (The) lowered Constellation Brands from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $212.00 to $210.00 in a research report on Monday, July 24th. Finally, Wells Fargo & Company restated an “outperform” rating and issued a $216.00 price objective (up previously from $215.00) on shares of Constellation Brands in a research report on Saturday, July 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $200.53.

In related news, VP Thomas J. Mullin sold 54,834 shares of Constellation Brands stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $194.50, for a total value of $10,665,213.00. Following the sale, the vice president now directly owns 86,005 shares in the company, valued at $16,727,972.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Thomas Michael Kane sold 4,940 shares of Constellation Brands stock in a transaction that occurred on Friday, July 7th. The shares were sold at an average price of $193.28, for a total value of $954,803.20. Following the completion of the sale, the vice president now owns 8,914 shares in the company, valued at $1,722,897.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 95,601 shares of company stock worth $18,586,986. Company insiders own 15.59% of the company’s stock.

Constellation Brands Company Profile

Constellation Brands, Inc is an international beverage alcohol company. The Company is a producer and marketer of beer, wine and spirits with operations in the United States, Canada, Mexico, New Zealand and Italy. Its segments include Beer, Wine and Spirits, and Corporate Operations and Other. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States.

Want to see what other hedge funds are holding STZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Constellation Brands Inc (NYSE:STZ).

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

Receive News & Ratings for Constellation Brands Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Constellation Brands Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.