AllSquare Wealth Management LLC bought a new stake in Constellation Brands, Inc. (NYSE:STZ) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm bought 276 shares of the company’s stock, valued at approximately $48,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Bank Hapoalim BM increased its holdings in Constellation Brands by 98.8% in the 1st quarter. Bank Hapoalim BM now owns 6,412 shares of the company’s stock valued at $1,124,000 after buying an additional 3,187 shares during the period. Sumitomo Mitsui Asset Management Company LTD grew its holdings in shares of Constellation Brands by 5.4% during the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 11,822 shares of the company’s stock valued at $2,072,000 after purchasing an additional 607 shares during the last quarter. Alethea Capital Management LLC bought a new stake in shares of Constellation Brands during the 1st quarter valued at approximately $430,000. Raymond James & Associates grew its holdings in shares of Constellation Brands by 105.3% during the 1st quarter. Raymond James & Associates now owns 165,188 shares of the company’s stock valued at $28,964,000 after purchasing an additional 84,711 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in shares of Constellation Brands by 31.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 75,745 shares of the company’s stock valued at $13,292,000 after purchasing an additional 18,174 shares during the last quarter. 74.05% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages recently issued reports on STZ. Zacks Investment Research raised shares of Constellation Brands from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. ValuEngine raised shares of Constellation Brands from a “sell” rating to a “hold” rating in a report on Thursday, April 4th. Macquarie set a $183.00 price target on shares of Constellation Brands and gave the company a “hold” rating in a report on Friday, April 5th. Deutsche Bank lowered shares of Constellation Brands from a “buy” rating to a “hold” rating and lifted their price target for the company from $191.00 to $194.00 in a report on Friday, April 5th. Finally, Morgan Stanley raised shares of Constellation Brands to a “hold” rating in a report on Friday, April 5th. Eleven equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus 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 shares were sold at an average price of $174.72, for a total transaction of $262,080.00. Following the sale, the director now directly owns 18,240 shares in the company, valued at approximately $3,186,892.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP David Eric Klein sold 25,980 shares of Constellation Brands stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $198.66, for a total transaction of $5,161,186.80. Following the sale, the executive vice president now owns 69,852 shares in the company, 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 worth $6,007,002. 15.80% of the stock is owned by corporate insiders.

NYSE:STZ opened at $204.99 on Thursday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.49 and a current ratio of 1.16. Constellation Brands, Inc. has a one year low of $150.37 and a one year high of $234.26. The company has a market cap of $39.40 billion, a P/E ratio of 22.09, a price-to-earnings-growth ratio of 2.75 and a beta of 0.54.

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

The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, May 9th. This is an increase from Constellation Brands’s previous quarterly dividend of $0.74. This represents a $3.00 annualized dividend and a yield of 1.46%. 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. 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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