Constellation Brands, Inc. (NYSE:STZ) Shares Bought by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. increased its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 17.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 101,552 shares of the company’s stock after buying an additional 14,876 shares during the period. Stock Yards Bank & Trust Co. owned about 0.06% of Constellation Brands worth $18,637,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in STZ. Vanguard Group Inc. grew its holdings in Constellation Brands by 13.3% during the 4th quarter. Vanguard Group Inc. now owns 15,534,787 shares of the company’s stock worth $3,433,188,000 after acquiring an additional 1,821,969 shares in the last quarter. Capital World Investors grew its holdings in Constellation Brands by 3.4% during the 4th quarter. Capital World Investors now owns 9,755,602 shares of the company’s stock worth $2,155,946,000 after acquiring an additional 324,690 shares in the last quarter. Berkshire Hathaway Inc acquired a new position in Constellation Brands during the 4th quarter worth approximately $1,242,976,000. Geode Capital Management LLC grew its holdings in Constellation Brands by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 3,204,003 shares of the company’s stock worth $705,844,000 after acquiring an additional 63,323 shares in the last quarter. Finally, Capital Research Global Investors grew its holdings in Constellation Brands by 0.6% during the 4th quarter. Capital Research Global Investors now owns 2,901,975 shares of the company’s stock worth $641,336,000 after acquiring an additional 18,557 shares in the last quarter. 77.34% of the stock is owned by hedge funds and other institutional investors.

Constellation Brands Price Performance

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

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

Constellation Brands Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Tuesday, April 29th were given a dividend of $1.02 per share. The ex-dividend date was Tuesday, April 29th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.48%. This is an increase from Constellation Brands’s previous quarterly dividend of $1.01. Constellation Brands’s dividend payout ratio (DPR) is presently -800.00%.

Insider Transactions at Constellation Brands

In related news, EVP Samuel J. Glaetzer sold 3,150 shares of Constellation Brands 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 sale, the executive vice president now directly owns 3,126 shares in the company, valued at $589,376.04. The trade was a 50.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 12.19% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. DA Davidson lowered their price target on shares of Constellation Brands from $272.00 to $241.00 in a report on Friday, April 11th. BMO Capital Markets lowered their target price on shares of Constellation Brands from $260.00 to $215.00 and set an “outperform” rating for the company in a report on Friday, April 11th. Wells Fargo & Company lowered their target price on shares of Constellation Brands from $230.00 to $210.00 and set an “overweight” rating for the company in a report on Wednesday, April 2nd. JPMorgan Chase & Co. lowered their target price on shares of Constellation Brands from $203.00 to $194.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Finally, The Goldman Sachs Group lowered their target price on shares of Constellation Brands from $260.00 to $225.00 and set a “buy” rating for the company in a report on Friday, April 11th. Eleven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $220.00.

Constellation Brands Profile

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.