First American Bank increased its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 15.7% during the first quarter, HoldingsChannel reports. The institutional investor owned 28,218 shares of the company’s stock after buying an additional 3,839 shares during the quarter. First American Bank’s holdings in Constellation Brands were worth $6,434,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Eudaimonia Partners LLC purchased a new position in Constellation Brands during the 3rd quarter worth approximately $27,000. Safeguard Investment Advisory Group LLC purchased a new position in shares of Constellation Brands in the 4th quarter valued at approximately $33,000. Greenhouse Wealth Management LLC purchased a new position in shares of Constellation Brands in the 4th quarter valued at approximately $35,000. Paces Ferry Wealth Advisors LLC purchased a new position in shares of Constellation Brands in the 3rd quarter valued at approximately $32,000. Finally, Capital Asset Advisory Services LLC purchased a new position in shares of Constellation Brands in the 4th quarter valued at approximately $43,000. Hedge funds and other institutional investors own 71.90% of the company’s stock.
Constellation Brands stock traded down $3.71 during mid-day trading on Friday, hitting $220.50. 106,707 shares of the company were exchanged, compared to its average volume of 1,203,108. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.69 and a quick ratio of 1.01. The business’s 50 day simple moving average is $226.65 and its two-hundred day simple moving average is $210.39. The company has a market capitalization of $42.76 billion, a P/E ratio of 21.44, a PEG ratio of 3.15 and a beta of 1.12. Constellation Brands, Inc. has a 12-month low of $151.25 and a 12-month high of $242.62.
Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Wednesday, April 7th. The company reported $1.82 EPS for the quarter, beating the Zacks’ consensus estimate of $1.55 by $0.27. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.87 billion. Constellation Brands had a return on equity of 16.09% and a net margin of 21.63%. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.18 earnings per share. Equities research analysts predict that Constellation Brands, Inc. will post 9.66 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 18th. Shareholders of record on Tuesday, May 4th will be given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 1.38%. This is an increase from Constellation Brands’s previous quarterly dividend of $0.75. Constellation Brands’s payout ratio is 10.20%.
Several research analysts have weighed in on STZ shares. Deutsche Bank Aktiengesellschaft lifted their target price on Constellation Brands from $219.00 to $223.00 and gave the company a “hold” rating in a research note on Wednesday, March 31st. Smith Barney Citigroup lifted their target price on Constellation Brands from $220.00 to $244.00 in a research note on Friday, January 8th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their target price on Constellation Brands from $220.00 to $244.00 in a research note on Friday, January 8th. Argus lifted their target price on Constellation Brands from $230.00 to $272.00 and gave the company a “buy” rating in a research note on Friday, January 8th. Finally, Zacks Investment Research cut Constellation Brands from a “buy” rating to a “hold” rating and set a $242.00 price target for the company. in a report on Monday, January 11th. Nine research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Constellation Brands has a consensus rating of “Buy” and an average target price of $237.60.
Constellation Brands Company Profile
Constellation Brands, Inc engages in the production, marketing and distribution of beer, wine and spirits. It operates through the following segments: Beer, Wine and Spirits, and Corporate Operations and Other and Canopy. The Beer segment includes imported and craft beer brands. The Wine and Spirits segment sells wine brands across all categories-table wine, sparkling wine and dessert wine-and across all price points.
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