Cambridge Trust Co. Cuts Stake in Constellation Brands, Inc. (NYSE:STZ)

Cambridge Trust Co. decreased its position in Constellation Brands, Inc. (NYSE:STZ) by 25.0% during the 1st quarter, Holdings Channel reports. The fund owned 150 shares of the company’s stock after selling 50 shares during the quarter. Cambridge Trust Co.’s holdings in Constellation Brands were worth $41,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. UMB Bank n.a. boosted its position in shares of Constellation Brands by 3.3% during the 4th quarter. UMB Bank n.a. now owns 6,795 shares of the company’s stock worth $1,643,000 after purchasing an additional 219 shares in the last quarter. Trust Point Inc. purchased a new stake in Constellation Brands during the fourth quarter worth about $454,000. China Universal Asset Management Co. Ltd. acquired a new position in Constellation Brands during the fourth quarter worth about $172,000. Private Trust Co. NA increased its holdings in Constellation Brands by 0.6% in the fourth quarter. Private Trust Co. NA now owns 11,169 shares of the company’s stock valued at $2,700,000 after buying an additional 72 shares in the last quarter. Finally, SteelPeak Wealth LLC acquired a new stake in shares of Constellation Brands during the 4th quarter valued at approximately $1,073,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on STZ. HSBC upped their price target on Constellation Brands from $290.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Roth Mkm decreased their price objective on shares of Constellation Brands from $305.00 to $303.00 and set a “buy” rating on the stock in a research report on Friday, July 5th. Wedbush restated an “outperform” rating and set a $300.00 target price on shares of Constellation Brands in a report on Wednesday, April 10th. Barclays upped their price target on shares of Constellation Brands from $287.00 to $295.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $315.00 price objective on shares of Constellation Brands in a research note on Friday, July 5th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, Constellation Brands presently has an average rating of “Moderate Buy” and a consensus target price of $300.28.

Constellation Brands Trading Up 0.6 %

Shares of STZ stock traded up $1.57 during trading hours on Friday, hitting $246.94. 1,409,592 shares of the company were exchanged, compared to its average volume of 1,198,954. Constellation Brands, Inc. has a 1 year low of $227.50 and a 1 year high of $274.87. The firm has a fifty day moving average of $252.51 and a 200 day moving average of $254.69. The firm has a market cap of $45.00 billion, a PE ratio of 18.40, a PEG ratio of 1.62 and a beta of 0.87. The company has a quick ratio of 0.53, a current ratio of 1.19 and a debt-to-equity ratio of 1.06.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Wednesday, July 3rd. The company reported $3.57 earnings per share for the quarter, beating analysts’ consensus estimates of $3.46 by $0.11. Constellation Brands had a net margin of 22.70% and a return on equity of 23.72%. The company had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same quarter last year, the business earned $2.91 EPS. Constellation Brands’s revenue for the quarter was up 5.8% on a year-over-year basis. Analysts expect that Constellation Brands, Inc. will post 13.57 earnings per share for the current year.

Constellation Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Wednesday, August 14th will be given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Wednesday, August 14th. Constellation Brands’s dividend payout ratio (DPR) is presently 30.10%.

Insiders Place Their Bets

In other Constellation Brands news, Director Daniel J. Mccarthy sold 1,854 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $252.43, for a total transaction of $468,005.22. Following the completion of the sale, the director now directly owns 3,232 shares in the company, valued at $815,853.76. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Constellation Brands news, Director Daniel J. Mccarthy sold 1,854 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $252.43, for a total transaction of $468,005.22. Following the transaction, the director now owns 3,232 shares in the company, valued at $815,853.76. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Kaneenat Kristann Carey sold 977 shares of the stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $261.00, for a total value of $254,997.00. Following the completion of the sale, the executive vice president now owns 2,706 shares of the company’s stock, valued at approximately $706,266. The disclosure for this sale can be found here. Insiders sold 27,831 shares of company stock worth $7,261,502 over the last three months. 12.19% of the stock is owned by 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.