Constellation Brands, Inc. (NYSE:STZ) Shares Bought by Obermeyer Wood Investment Counsel Lllp

Obermeyer Wood Investment Counsel Lllp grew its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 8.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,812 shares of the company’s stock after purchasing an additional 135 shares during the quarter. Obermeyer Wood Investment Counsel Lllp’s holdings in Constellation Brands were worth $438,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Calamos Advisors LLC increased its position in shares of Constellation Brands by 0.3% during the 4th quarter. Calamos Advisors LLC now owns 158,203 shares of the company’s stock valued at $38,246,000 after purchasing an additional 531 shares during the period. Tufton Capital Management increased its position in shares of Constellation Brands by 3.7% during the 4th quarter. Tufton Capital Management now owns 1,783 shares of the company’s stock valued at $431,000 after purchasing an additional 63 shares during the period. Roman Butler Fullerton & Co. bought a new stake in shares of Constellation Brands during the 4th quarter worth $208,000. Waterfront Wealth Inc. boosted its stake in shares of Constellation Brands by 2.4% during the 4th quarter. Waterfront Wealth Inc. now owns 4,753 shares of the company’s stock worth $1,149,000 after acquiring an additional 111 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Constellation Brands by 111.0% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 249 shares of the company’s stock valued at $60,000 after buying an additional 131 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Constellation Brands Trading Up 0.5 %

Constellation Brands stock traded up $1.37 during mid-day trading on Thursday, hitting $258.68. 1,160,760 shares of the company’s stock were exchanged, compared to its average volume of 1,274,331. The firm has a market capitalization of $47.29 billion, a P/E ratio of 27.62, a PEG ratio of 1.74 and a beta of 0.97. Constellation Brands, Inc. has a fifty-two week low of $221.81 and a fifty-two week high of $274.87. The company has a quick ratio of 0.53, a current ratio of 1.19 and a debt-to-equity ratio of 1.06. The company’s 50 day simple moving average is $257.51 and its 200-day simple moving average is $247.13.

Constellation Brands (NYSE:STZ) last released its earnings results on Thursday, April 11th. The company reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.16. The firm had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Constellation Brands had a return on equity of 23.06% and a net margin of 16.13%. The company’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.98 EPS. On average, equities analysts anticipate that Constellation Brands, Inc. will post 13.51 earnings per share for the current year.

Constellation Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be issued a $1.01 dividend. This is a boost from Constellation Brands’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $4.04 annualized dividend and a dividend yield of 1.56%. Constellation Brands’s dividend payout ratio (DPR) is presently 37.95%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Barclays boosted their target price on Constellation Brands from $294.00 to $295.00 and gave the company an “overweight” rating in a research note on Monday. Evercore ISI boosted their target price on Constellation Brands from $300.00 to $310.00 and gave the company an “outperform” rating in a research note on Friday, April 12th. JPMorgan Chase & Co. lowered their target price on Constellation Brands from $309.00 to $301.00 and set an “overweight” rating on the stock in a research note on Thursday, December 21st. UBS Group boosted their price target on Constellation Brands from $312.00 to $320.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Finally, Royal Bank of Canada boosted their price target on Constellation Brands from $295.00 to $308.00 and gave the stock an “outperform” rating in a research report on Friday, April 12th. Three analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $298.55.

Insider Activity

In other Constellation Brands news, EVP James A. Jr. Sabia sold 15,781 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $263.63, for a total transaction of $4,160,345.03. Following the completion of the sale, the executive vice president now directly owns 20,910 shares in the company, valued at $5,512,503.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 16.19% of the stock is owned by corporate insiders.

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 Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Victoria, Vicky Chamoy, and Pacifico brands.