Constellation Brands, Inc. (NYSE:STZ) Shares Sold by Focus Financial Network Inc.

Focus Financial Network Inc. cut its holdings in Constellation Brands, Inc. (NYSE:STZ) by 11.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,468 shares of the company’s stock after selling 190 shares during the quarter. Focus Financial Network Inc.’s holdings in Constellation Brands were worth $269,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of STZ. Mainstream Capital Management LLC acquired a new stake in shares of Constellation Brands in the fourth quarter valued at approximately $25,000. SBI Securities Co. Ltd. acquired a new stake in Constellation Brands during the fourth quarter worth approximately $26,000. Compagnie Lombard Odier SCmA acquired a new stake in Constellation Brands during the fourth quarter worth approximately $27,000. Union Bancaire Privee UBP SA acquired a new stake in Constellation Brands during the fourth quarter worth approximately $28,000. Finally, Minot DeBlois Advisors LLC acquired a new stake in Constellation Brands during the fourth quarter worth approximately $29,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Constellation Brands Stock Performance

STZ stock opened at $164.69 on Friday. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $29.32 billion, a price-to-earnings ratio of 44.27, a P/E/G ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a 12 month low of $160.46 and a 12 month high of $265.70. The firm has a 50 day moving average of $183.21 and a two-hundred day moving average of $191.30.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Wednesday, April 9th. The company reported $2.63 earnings per share for the quarter, topping analysts’ consensus estimates of $2.28 by $0.35. The business had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. Constellation Brands’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.26 earnings per share. As a group, equities analysts anticipate that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Tuesday, April 29th were issued a $1.02 dividend. This is a positive change from Constellation Brands’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Tuesday, April 29th. This represents a $4.08 annualized dividend and a dividend yield of 2.48%. Constellation Brands’s dividend payout ratio is presently -800.00%.

Insider Transactions at Constellation Brands

In other Constellation Brands news, EVP Samuel J. Glaetzer sold 3,150 shares of the company’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $188.54, for a total transaction of $593,901.00. Following the transaction, the executive vice president now directly owns 3,126 shares in the company, valued at approximately $589,376.04. This represents a 50.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 12.19% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

STZ has been the topic of a number of recent analyst reports. Roth Capital cut their price target on shares of Constellation Brands from $256.00 to $239.00 and set a “buy” rating on the stock in a research note on Tuesday, May 20th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Constellation Brands from $191.00 to $185.00 and set a “hold” rating on the stock in a research note on Thursday, June 5th. BMO Capital Markets cut their target price on shares of Constellation Brands from $260.00 to $215.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. Jefferies Financial Group cut their target price on shares of Constellation Brands from $201.00 to $196.00 in a research note on Friday, April 11th. Finally, Morgan Stanley cut their target price on shares of Constellation Brands from $202.00 to $195.00 and set an “equal weight” rating on the stock in a research note on Friday, April 11th. Eleven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Constellation Brands presently has a consensus rating of “Moderate Buy” and a consensus price target of $220.00.

About Constellation Brands

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.