Poehling Capital Management INC. Boosts Stock Holdings in Constellation Brands Inc $STZ

Poehling Capital Management INC. boosted its position in shares of Constellation Brands Inc (NYSE:STZ) by 48.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 30,281 shares of the company’s stock after buying an additional 9,908 shares during the period. Poehling Capital Management INC.’s holdings in Constellation Brands were worth $4,178,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of STZ. Brighton Jones LLC increased its stake in Constellation Brands by 23.0% during the 4th quarter. Brighton Jones LLC now owns 1,001 shares of the company’s stock worth $221,000 after buying an additional 187 shares in the last quarter. Woodline Partners LP purchased a new stake in Constellation Brands during the 1st quarter worth approximately $2,409,000. Cary Street Partners Financial LLC increased its stake in Constellation Brands by 69.9% during the 2nd quarter. Cary Street Partners Financial LLC now owns 1,026 shares of the company’s stock worth $167,000 after buying an additional 422 shares in the last quarter. Bank of Nova Scotia increased its stake in Constellation Brands by 3.6% during the 2nd quarter. Bank of Nova Scotia now owns 17,347 shares of the company’s stock worth $2,822,000 after buying an additional 599 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Constellation Brands by 5.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 23,732 shares of the company’s stock worth $3,861,000 after purchasing an additional 1,127 shares during the last quarter. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on STZ shares. Roth Mkm restated a “buy” rating on shares of Constellation Brands in a report on Thursday, April 9th. Wells Fargo & Company boosted their target price on Constellation Brands from $180.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, April 10th. UBS Group boosted their target price on Constellation Brands from $176.00 to $186.00 and gave the stock a “buy” rating in a report on Friday, April 10th. Bank of America boosted their target price on Constellation Brands from $142.00 to $154.00 and gave the stock an “underperform” rating in a report on Friday, April 10th. Finally, Citigroup reiterated a “buy” rating on shares of Constellation Brands in a report on Monday. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Constellation Brands currently has a consensus rating of “Moderate Buy” and a consensus target price of $175.37.

Constellation Brands Trading Down 0.9%

STZ opened at $146.22 on Wednesday. Constellation Brands Inc has a one year low of $126.45 and a one year high of $193.50. The stock has a market capitalization of $25.18 billion, a PE ratio of 15.25, a P/E/G ratio of 3.24 and a beta of 0.43. The business’s 50 day moving average price is $152.68 and its 200 day moving average price is $148.31. 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 announced its 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. The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.84 billion. Constellation Brands had a return on equity of 26.18% and a net margin of 17.29%.The firm’s quarterly revenue was down 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.63 earnings per share. As a group, equities research analysts expect that Constellation Brands Inc will post 11.9 EPS for the current year.

Constellation Brands Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Wednesday, April 29th were given a $1.03 dividend. The ex-dividend date of this dividend was Wednesday, April 29th. This is a positive change from Constellation Brands’s previous quarterly dividend of $1.02. This represents a $4.12 dividend on an annualized basis and a yield of 2.8%. Constellation Brands’s dividend payout ratio is presently 42.96%.

Insider Transactions at Constellation Brands

In other Constellation Brands news, EVP James O. Bourdeau sold 4,407 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $143.24, for a total value of $631,258.68. Following the sale, the executive vice president owned 9,109 shares of the company’s stock, valued at $1,304,773.16. The trade was a 32.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 12.45% of the stock is currently owned by insiders.

About Constellation Brands

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.