Constellation Brands, Inc. (NYSE:STZ) Shares Bought by City Holding Co.

City Holding Co. boosted its holdings in Constellation Brands, Inc. (NYSE:STZ) by 3,297.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,455 shares of the company’s stock after purchasing an additional 6,265 shares during the quarter. City Holding Co.’s holdings in Constellation Brands were worth $1,132,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of STZ. Empire Life Investments Inc. boosted its position in shares of Constellation Brands by 35.2% during the 1st quarter. Empire Life Investments Inc. now owns 99,759 shares of the company’s stock valued at $17,491,000 after acquiring an additional 25,972 shares during the last quarter. Kistler Tiffany Companies LLC increased its stake in Constellation Brands by 113.5% in the first quarter. Kistler Tiffany Companies LLC now owns 2,267 shares of the company’s stock worth $397,000 after purchasing an additional 1,205 shares during the period. Prime Capital Investment Advisors LLC increased its stake in Constellation Brands by 25.6% in the first quarter. Prime Capital Investment Advisors LLC now owns 22,599 shares of the company’s stock worth $3,962,000 after purchasing an additional 4,603 shares during the period. Massey Quick Simon & CO. LLC increased its stake in Constellation Brands by 21.3% in the first quarter. Massey Quick Simon & CO. LLC now owns 1,161 shares of the company’s stock worth $204,000 after purchasing an additional 204 shares during the period. Finally, Allred Capital Management LLC increased its stake in Constellation Brands by 2.9% in the first quarter. Allred Capital Management LLC now owns 3,831 shares of the company’s stock worth $677,000 after purchasing an additional 108 shares during the period. Institutional investors and hedge funds own 74.22% of the company’s stock.

A number of research firms have weighed in on STZ. Morgan Stanley upgraded Constellation Brands to a “hold” rating in a research note on Friday, April 5th. Barclays set a $226.00 price target on Constellation Brands and gave the company a “buy” rating in a research note on Friday, April 5th. Zacks Investment Research lowered Constellation Brands from a “hold” rating to a “sell” rating in a research note on Tuesday, April 9th. Cowen restated a “top pick” rating on shares of Constellation Brands in a research note on Thursday, January 10th. Finally, Citigroup cut their price target on Constellation Brands to $168.00 and set a “neutral” rating on the stock in a research note on Thursday, January 10th. Eleven investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $223.13.

In related news, Director Barry A. Fromberg sold 1,500 shares of Constellation Brands stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $174.72, for a total transaction of $262,080.00. Following the completion of the transaction, the director now directly owns 18,240 shares in the company, valued at $3,186,892.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP David Eric Klein sold 25,980 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $198.66, for a total value of $5,161,186.80. Following the completion of the sale, the executive vice president now owns 69,852 shares of the company’s stock, valued at $13,876,798.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,551 shares of company stock valued at $6,007,002. 15.80% of the stock is owned by company insiders.

Constellation Brands stock opened at $201.89 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.16 and a quick ratio of 0.49. The stock has a market cap of $39.65 billion, a P/E ratio of 21.76, a PEG ratio of 2.89 and a beta of 0.54. Constellation Brands, Inc. has a 52 week low of $150.37 and a 52 week high of $234.26.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Thursday, April 4th. The company reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.12. The company had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.73 billion. Constellation Brands had a return on equity of 15.63% and a net margin of 38.67%. Constellation Brands’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the business earned $1.90 earnings per share. On average, equities analysts anticipate that Constellation Brands, Inc. will post 8.51 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be given a dividend of $0.75 per share. This is a boost from Constellation Brands’s previous quarterly dividend of $0.74. This represents a $3.00 annualized dividend and a yield of 1.49%. The ex-dividend date is Thursday, May 9th. Constellation Brands’s dividend payout ratio (DPR) is currently 10.02%.

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Constellation Brands Company Profile

Constellation Brands, Inc, together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company sells wine across various categories, including table wine, sparkling wine, and dessert wine. It provides beer primarily under the Corona Extra, Corona Light, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Obregon Brewery, and Ballast Point brands.

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

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