Cullen Frost Bankers Inc. Buys 1,123 Shares of Constellation Brands, Inc. (NYSE:STZ)

Cullen Frost Bankers Inc. increased its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,769 shares of the company’s stock after acquiring an additional 1,123 shares during the period. Cullen Frost Bankers Inc.’s holdings in Constellation Brands were worth $13,724,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in STZ. Robeco Institutional Asset Management B.V. boosted its holdings in Constellation Brands by 18.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 10,291 shares of the company’s stock worth $2,586,000 after purchasing an additional 1,629 shares during the last quarter. Brown Advisory Inc. boosted its position in Constellation Brands by 5.7% during the third quarter. Brown Advisory Inc. now owns 5,437 shares of the company’s stock valued at $1,367,000 after purchasing an additional 294 shares during the last quarter. Strs Ohio boosted its holdings in shares of Constellation Brands by 1.5% in the 3rd quarter. Strs Ohio now owns 89,960 shares of the company’s stock valued at $22,609,000 after buying an additional 1,366 shares during the last quarter. IFM Investors Pty Ltd increased its stake in shares of Constellation Brands by 1.5% during the 3rd quarter. IFM Investors Pty Ltd now owns 33,156 shares of the company’s stock worth $8,333,000 after purchasing an additional 500 shares during the last quarter. Finally, Waldron Private Wealth LLC lifted its stake in Constellation Brands by 8.7% in the 3rd quarter. Waldron Private Wealth LLC now owns 971 shares of the company’s stock valued at $244,000 after purchasing an additional 78 shares during the last quarter. 77.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on STZ. Barclays boosted their target price on Constellation Brands from $294.00 to $295.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Evercore ISI upped their price target on shares of Constellation Brands from $300.00 to $310.00 and gave the company an “outperform” rating in a research note on Friday, April 12th. Royal Bank of Canada boosted their price objective on Constellation Brands from $295.00 to $308.00 and gave the stock an “outperform” rating in a report on Friday, April 12th. Wedbush restated an “outperform” rating and issued a $300.00 price target on shares of Constellation Brands in a research note on Wednesday, April 10th. Finally, Argus upgraded Constellation Brands from a “hold” rating to a “buy” rating and set a $306.00 price objective on the stock in a research report on Monday, April 15th. Three analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $298.55.

Insider Buying and Selling

In other Constellation Brands news, EVP James A. Jr. Sabia sold 15,781 shares of the 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 owns 20,910 shares of the company’s stock, valued at approximately $5,512,503.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP James A. Jr. Sabia sold 15,781 shares of the company’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $263.63, for a total value of $4,160,345.03. Following the sale, the executive vice president now directly owns 20,910 shares of the company’s stock, valued at approximately $5,512,503.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Michael Mcgrew sold 3,237 shares of Constellation Brands stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $255.50, for a total transaction of $827,053.50. Following the transaction, the executive vice president now directly owns 1,731 shares of the company’s stock, valued at approximately $442,270.50. The disclosure for this sale can be found here. Insiders have sold a total of 23,031 shares of company stock valued at $6,043,821 over the last ninety days. 16.19% of the stock is owned by company insiders.

Constellation Brands Trading Down 0.1 %

NYSE STZ traded down $0.13 during trading hours on Wednesday, reaching $258.36. The company’s stock had a trading volume of 404,746 shares, compared to its average volume of 1,216,033. The firm has a fifty day simple moving average of $261.27 and a 200-day simple moving average of $249.24. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.19 and a quick ratio of 0.53. Constellation Brands, Inc. has a 52 week low of $223.01 and a 52 week high of $274.87. The stock has a market cap of $47.27 billion, a P/E ratio of 27.54, a P/E/G ratio of 1.73 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Thursday, April 11th. The company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.16. The firm had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.09 billion. Constellation Brands had a net margin of 16.13% and a return on equity of 23.06%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.98 earnings per share. Equities analysts forecast that Constellation Brands, Inc. will post 13.51 earnings per share for the current fiscal 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 given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.56%. This is an increase from Constellation Brands’s previous quarterly dividend of $0.89. The ex-dividend date is Thursday, May 2nd. Constellation Brands’s dividend payout ratio (DPR) is 43.07%.

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.