5,287 Shares in Constellation Brands Inc $STZ Acquired by MidFirst Bank

MidFirst Bank bought a new position in shares of Constellation Brands Inc (NYSE:STZ) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,287 shares of the company’s stock, valued at approximately $729,000.

Several other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in shares of Constellation Brands by 23.0% during the 4th quarter. Brighton Jones LLC now owns 1,001 shares of the company’s stock valued at $221,000 after buying an additional 187 shares in the last quarter. Woodline Partners LP purchased a new stake in Constellation Brands in the 1st quarter worth $2,409,000. Cary Street Partners Financial LLC raised its holdings in Constellation Brands by 69.9% during the second quarter. Cary Street Partners Financial LLC now owns 1,026 shares of the company’s stock valued at $167,000 after acquiring an additional 422 shares during the period. Bank of Nova Scotia lifted its position in shares of Constellation Brands by 3.6% in the second quarter. Bank of Nova Scotia now owns 17,347 shares of the company’s stock valued at $2,822,000 after acquiring an additional 599 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in shares of Constellation Brands by 5.0% in the second quarter. Daiwa Securities Group Inc. now owns 23,732 shares of the company’s stock valued at $3,861,000 after acquiring an additional 1,127 shares in the last quarter. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Insider Activity

In related news, EVP James O. Bourdeau sold 4,407 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $143.24, for a total value of $631,258.68. Following the completion of the transaction, the executive vice president owned 9,109 shares of the company’s stock, valued at approximately $1,304,773.16. This trade represents a 32.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 12.20% of the company’s stock.

Constellation Brands Stock Up 0.0%

NYSE STZ opened at $141.25 on Friday. The stock has a 50 day moving average price of $148.95 and a 200-day moving average price of $150.12. Constellation Brands Inc has a one year low of $126.45 and a one year high of $178.13. The company has a market capitalization of $24.32 billion, a P/E ratio of 14.73, a P/E/G ratio of 3.32 and a beta of 0.39. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.55 and a current ratio of 1.08.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Wednesday, April 8th. The company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.19. Constellation Brands had a net margin of 17.29% and a return on equity of 26.18%. The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the prior year, the firm earned $2.63 earnings per share. Constellation Brands’s revenue was down 11.3% on a year-over-year basis. As a group, equities analysts predict that Constellation Brands Inc will post 11.84 EPS for the current fiscal year.

Constellation Brands Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Wednesday, April 29th were given a dividend of $1.03 per share. The ex-dividend date was Wednesday, April 29th. This represents a $4.12 annualized dividend and a dividend yield of 2.9%. This is a positive change from Constellation Brands’s previous quarterly dividend of $1.02. Constellation Brands’s dividend payout ratio is currently 42.96%.

Analysts Set New Price Targets

Several brokerages recently issued reports on STZ. Weiss Ratings reissued a “hold (c-)” rating on shares of Constellation Brands in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Constellation Brands from $154.00 to $155.00 and gave the company a “hold” rating in a report on Friday, April 10th. Barclays boosted their target price on shares of Constellation Brands from $151.00 to $170.00 and gave the stock an “equal weight” rating in a report on Friday, April 10th. Morgan Stanley upped their target price on shares of Constellation Brands from $160.00 to $183.00 and gave the stock an “equal weight” rating in a research report on Friday, April 10th. Finally, Evercore set a $175.00 price target on shares of Constellation Brands and gave the company an “outperform” rating in a report on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Constellation Brands presently has an average rating of “Moderate Buy” and an average price target of $174.68.

Constellation Brands Profile

Constellation Brands, Inc is a leading producer and marketer of beer, wine and spirits, with operations spanning production, importation, marketing and distribution. The company’s beverage portfolio includes a range of premium and mainstream wines and spirits alongside major imported beer brands; in the U.S. market Constellation is widely known for its role in bringing Mexican imports such as Corona and Modelo to American consumers. Constellation supplies retail, on‑premise and foodservice channels and supports its brands with national sales and marketing platforms and supply‑chain capabilities.

The company traces its roots to the Canandaigua Wine Company, founded by Marvin Sands in 1945, and evolved through organic growth and acquisition into a diversified beverage company.