Bahl & Gaynor Inc. cut its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 87.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,308 shares of the company’s stock after selling 106,531 shares during the quarter. Bahl & Gaynor Inc.’s holdings in Constellation Brands were worth $2,195,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. RMR Wealth Builders bought a new position in Constellation Brands during the fourth quarter valued at approximately $36,000. Citizens Financial Group Inc RI raised its position in Constellation Brands by 121.1% during the first quarter. Citizens Financial Group Inc RI now owns 210 shares of the company’s stock valued at $30,000 after acquiring an additional 115 shares in the last quarter. Verus Capital Partners LLC bought a new position in Constellation Brands during the fourth quarter valued at approximately $43,000. PSI Advisors LLC bought a new position in Constellation Brands during the fourth quarter valued at approximately $67,000. Finally, EPG Wealth Management LLC raised its position in Constellation Brands by 243.3% during the first quarter. EPG Wealth Management LLC now owns 357 shares of the company’s stock valued at $51,000 after acquiring an additional 253 shares in the last quarter. 71.84% of the stock is owned by institutional investors.

NYSE:STZ traded down $1.64 on Friday, hitting $171.69. The company’s stock had a trading volume of 7,249 shares, compared to its average volume of 1,312,244. The company has a current ratio of 1.51, a quick ratio of 0.91 and a debt-to-equity ratio of 0.90. The stock has a fifty day moving average of $172.62 and a two-hundred day moving average of $173.86. The firm has a market capitalization of $33.42 billion, a P/E ratio of -962.89, a price-to-earnings-growth ratio of 13.50 and a beta of 0.92. Constellation Brands, Inc. has a one year low of $104.28 and a one year high of $212.00.

Constellation Brands (NYSE:STZ) last announced its earnings results on Friday, April 3rd. The company reported $2.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.42. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.84 billion. Constellation Brands had a positive return on equity of 14.61% and a negative net margin of 0.13%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.84 earnings per share. As a group, sell-side analysts anticipate that Constellation Brands, Inc. will post 8.36 EPS for the current year.

Several equities analysts have commented on the company. SunTrust Banks reiterated a “buy” rating and set a $200.00 price target on shares of Constellation Brands in a report on Monday, April 6th. Royal Bank of Canada reissued a “buy” rating and issued a $216.00 target price on shares of Constellation Brands in a research note on Thursday, June 4th. Goldman Sachs Group reissued a “buy” rating and issued a $165.00 target price on shares of Constellation Brands in a research note on Wednesday, April 1st. ValuEngine raised shares of Constellation Brands from a “sell” rating to a “hold” rating in a research note on Monday, March 9th. Finally, Guggenheim increased their price target on shares of Constellation Brands from $149.00 to $159.00 and gave the company a “neutral” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the company. Constellation Brands currently has a consensus rating of “Buy” and an average target price of $192.14.

Constellation Brands 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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