Wright Investors Service Inc. raised its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 91.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,959 shares of the company’s stock after acquiring an additional 4,277 shares during the period. Wright Investors Service Inc.’s holdings in Constellation Brands were worth $1,764,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of STZ. Wisconsin Capital Management LLC raised its stake in shares of Constellation Brands by 0.3% during the 1st quarter. Wisconsin Capital Management LLC now owns 15,044 shares of the company’s stock worth $2,638,000 after buying an additional 50 shares in the last quarter. Trustcore Financial Services LLC raised its stake in shares of Constellation Brands by 6.7% during the 1st quarter. Trustcore Financial Services LLC now owns 814 shares of the company’s stock worth $143,000 after buying an additional 51 shares in the last quarter. HCR Wealth Advisors raised its stake in shares of Constellation Brands by 0.8% during the 1st quarter. HCR Wealth Advisors now owns 6,187 shares of the company’s stock worth $993,000 after buying an additional 52 shares in the last quarter. Berman Capital Advisors LLC raised its stake in shares of Constellation Brands by 31.9% during the 2nd quarter. Berman Capital Advisors LLC now owns 219 shares of the company’s stock worth $43,000 after buying an additional 53 shares in the last quarter. Finally, Sky Investment Group LLC raised its stake in shares of Constellation Brands by 0.6% during the 2nd quarter. Sky Investment Group LLC now owns 9,618 shares of the company’s stock worth $1,894,000 after buying an additional 55 shares in the last quarter. 71.37% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently weighed in on STZ shares. SunTrust Banks upped their price target on Constellation Brands from $180.00 to $190.00 and gave the stock a “hold” rating in a report on Monday, July 1st. Macquarie set a $220.00 price target on Constellation Brands and gave the stock a “hold” rating in a report on Wednesday, June 5th. Zacks Investment Research upgraded Constellation Brands from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. UBS Group upped their price target on Constellation Brands from $195.00 to $212.00 and gave the stock a “neutral” rating in a report on Tuesday, July 2nd. Finally, Citigroup set a $210.00 price target on Constellation Brands and gave the stock a “hold” rating in a report on Monday, July 1st. Ten research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $223.83.

NYSE:STZ traded up $0.61 during trading hours on Thursday, reaching $193.97. 17,184 shares of the company traded hands, compared to its average volume of 944,738. The firm’s 50-day simple moving average is $197.04. The stock has a market capitalization of $36.99 billion, a PE ratio of 20.89, a P/E/G ratio of 2.89 and a beta of 0.71. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.71 and a current ratio of 1.22. Constellation Brands, Inc. has a 1-year low of $150.37 and a 1-year high of $228.91.

Constellation Brands (NYSE:STZ) last announced its earnings results on Friday, June 28th. The company reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.15. The firm had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.07 billion. Constellation Brands had a return on equity of 14.98% and a net margin of 27.38%. Constellation Brands’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.20 EPS. As a group, sell-side analysts predict that Constellation Brands, Inc. will post 8.36 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 13th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Monday, August 12th. Constellation Brands’s dividend payout ratio (DPR) is presently 32.33%.

In other Constellation Brands news, Director Jeremy S. G. Fowden sold 10,213 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $197.35, for a total transaction of $2,015,535.55. Following the sale, the director now owns 27,630 shares in the company, valued at approximately $5,452,780.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CMO James A. Jr. Sabia sold 4,275 shares of the stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $194.70, for a total value of $832,342.50. Following the sale, the chief marketing officer now owns 43,494 shares in the company, valued at approximately $8,468,281.80. The disclosure for this sale can be found here. 15.86% of the stock is currently owned by corporate insiders.

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. It provides beer primarily under the Corona Extra, Corona Light, Corona Premier, Corona Familiar Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Four Corners, and Ballast Point brands.

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

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