American National Bank & Trust Co. VA Makes New $5.14 Million Investment in Constellation Brands, Inc. (NYSE:STZ)

American National Bank & Trust Co. VA purchased a new position in shares of Constellation Brands, Inc. (NYSE:STZ) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 18,910 shares of the company’s stock, valued at approximately $5,139,000.

A number of other large investors have also recently bought and sold shares of the company. BKM Wealth Management LLC acquired a new stake in shares of Constellation Brands in the 4th quarter valued at approximately $28,000. First Financial Corp IN acquired a new stake in shares of Constellation Brands in the 1st quarter valued at approximately $35,000. Kapitalo Investimentos Ltda acquired a new stake in Constellation Brands during the 4th quarter valued at $35,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Constellation Brands during the 4th quarter valued at $37,000. Finally, Northwest Investment Counselors LLC acquired a new stake in Constellation Brands during the 1st quarter valued at $46,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Price Performance

NYSE:STZ traded down $8.57 during trading hours on Thursday, hitting $250.37. The company’s stock had a trading volume of 2,670,323 shares, compared to its average volume of 1,100,250. The stock has a fifty day simple moving average of $254.99 and a 200-day simple moving average of $254.00. The company has a market capitalization of $45.81 billion, a P/E ratio of 26.69, a PEG ratio of 1.72 and a beta of 0.87. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.19 and a quick ratio of 0.53. Constellation Brands, Inc. has a twelve month low of $227.50 and a twelve month high of $274.87.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Wednesday, July 3rd. The company reported $3.57 earnings per share for the quarter, beating the consensus estimate of $3.46 by $0.11. The business had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.67 billion. Constellation Brands had a return on equity of 23.06% and a net margin of 16.13%. Constellation Brands’s revenue was up 5.8% compared to the same quarter last year. During the same period last year, the firm posted $2.91 earnings per share. On average, analysts anticipate that Constellation Brands, Inc. will post 13.67 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Wednesday, August 14th will be paid a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 1.61%. Constellation Brands’s dividend payout ratio (DPR) is presently 43.07%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on STZ. Royal Bank of Canada reaffirmed an “outperform” rating and set a $308.00 price target on shares of Constellation Brands in a report on Tuesday, May 28th. BMO Capital Markets increased their price objective on Constellation Brands from $290.00 to $315.00 and gave the stock an “outperform” rating in a research report on Friday, April 12th. Evercore ISI increased their price objective on Constellation Brands from $300.00 to $310.00 and gave the stock an “outperform” rating in a research report on Friday, April 12th. Bank of America increased their price objective on Constellation Brands from $290.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Finally, JPMorgan Chase & Co. lowered their price objective on Constellation Brands from $296.00 to $291.00 and set an “overweight” rating on the stock in a research report on Thursday, June 20th. Three research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $298.63.

Insider Activity at Constellation Brands

In other news, CEO William A. Newlands sold 25,000 shares of Constellation Brands stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $261.54, for a total transaction of $6,538,500.00. Following the sale, the chief executive officer now directly owns 14,700 shares of the company’s stock, valued at $3,844,638. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO William A. Newlands sold 4,013 shares of Constellation Brands stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $263.25, for a total transaction of $1,056,422.25. Following the sale, the chief executive officer now directly owns 5,395 shares of the company’s stock, valued at $1,420,233.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William A. Newlands sold 25,000 shares of Constellation Brands stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $261.54, for a total value of $6,538,500.00. Following the sale, the chief executive officer now directly owns 14,700 shares in the company, valued at $3,844,638. The disclosure for this sale can be found here. Insiders have sold 48,031 shares of company stock valued at $12,582,321 over the last ninety days. 12.19% of the stock is owned by corporate insiders.

Constellation Brands Profile

Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company provides beer primarily under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands.