DekaBank Deutsche Girozentrale Has $7.38 Million Stake in Constellation Brands, Inc. (NYSE:STZ)

DekaBank Deutsche Girozentrale boosted its holdings in Constellation Brands, Inc. (NYSE:STZ) by 1.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,385 shares of the company’s stock after purchasing an additional 301 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Constellation Brands were worth $7,383,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of STZ. YHB Investment Advisors Inc. bought a new position in Constellation Brands in the 1st quarter valued at about $35,000. Kapitalo Investimentos Ltda bought a new stake in shares of Constellation Brands during the 4th quarter valued at approximately $35,000. First Financial Corp IN bought a new stake in shares of Constellation Brands during the 1st quarter valued at approximately $35,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Constellation Brands during the 4th quarter valued at approximately $37,000. Finally, LRI Investments LLC bought a new stake in shares of Constellation Brands during the 1st quarter valued at approximately $37,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Stock Up 0.6 %

Shares of Constellation Brands stock traded up $1.57 during trading on Friday, reaching $246.94. 1,409,592 shares of the company traded hands, compared to its average volume of 1,198,954. 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 1-year low of $227.50 and a 1-year high of $274.87. The company has a 50 day moving average price of $252.51 and a 200-day moving average price of $254.69. The firm has a market capitalization of $45.00 billion, a PE ratio of 18.40, a P/E/G ratio of 1.62 and a beta of 0.87.

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 analysts’ consensus estimates of $3.46 by $0.11. The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.67 billion. Constellation Brands had a net margin of 22.70% and a return on equity of 23.72%. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the firm earned $2.91 earnings per share. As a group, equities research analysts expect that Constellation Brands, Inc. will post 13.57 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Wednesday, August 14th will be issued a $1.01 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.64%. Constellation Brands’s dividend payout ratio is presently 30.10%.

Insider Buying and Selling

In related news, Director Daniel J. Mccarthy sold 1,854 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $252.43, for a total value of $468,005.22. Following the sale, the director now owns 3,232 shares in the company, valued at approximately $815,853.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Constellation Brands news, CEO William A. Newlands sold 25,000 shares of the 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 completion of the sale, the chief executive officer now owns 14,700 shares in the company, valued at approximately $3,844,638. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Daniel J. Mccarthy sold 1,854 shares of the stock in a transaction dated 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 owns 3,232 shares of the company’s stock, valued at approximately $815,853.76. The disclosure for this sale can be found here. Insiders have sold 27,831 shares of company stock worth $7,261,502 in the last quarter. Insiders own 12.19% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on STZ. Roth Mkm decreased their price target on shares of Constellation Brands from $305.00 to $303.00 and set a “buy” rating on the stock in a report on Friday, July 5th. JPMorgan Chase & Co. lifted their price target on shares of Constellation Brands from $291.00 to $320.00 and gave the company an “overweight” rating in a report on Friday, July 5th. Royal Bank of Canada reiterated an “outperform” rating and set a $308.00 target price on shares of Constellation Brands in a research report on Wednesday. Wedbush reiterated an “outperform” rating and set a $300.00 target price on shares of Constellation Brands in a research report on Wednesday, April 10th. Finally, Argus upgraded shares of Constellation Brands from a “hold” rating to a “buy” rating and set a $306.00 target price on the stock in a research report on Monday, April 15th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $300.28.

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.