Hedeker Wealth LLC Sells 4,208 Shares of Constellation Brands, Inc. (NYSE:STZ)

Hedeker Wealth LLC reduced its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 20.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,352 shares of the company’s stock after selling 4,208 shares during the period. Constellation Brands comprises approximately 1.3% of Hedeker Wealth LLC’s portfolio, making the stock its 29th biggest holding. Hedeker Wealth LLC’s holdings in Constellation Brands were worth $4,444,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of STZ. Norges Bank bought a new position in Constellation Brands during the fourth quarter valued at approximately $443,844,000. Boston Partners bought a new position in shares of Constellation Brands in the fourth quarter worth approximately $156,358,000. International Assets Investment Management LLC grew its holdings in shares of Constellation Brands by 24,922.5% in the fourth quarter. International Assets Investment Management LLC now owns 567,010 shares of the company’s stock worth $137,075,000 after purchasing an additional 564,744 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Constellation Brands by 38.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,403,495 shares of the company’s stock worth $335,402,000 after purchasing an additional 388,390 shares during the last quarter. Finally, Palestra Capital Management LLC bought a new position in shares of Constellation Brands in the fourth quarter worth approximately $83,195,000. 77.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Constellation Brands

In other Constellation Brands news, CEO William A. Newlands sold 4,013 shares of the business’s stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $263.25, for a total transaction of $1,056,422.25. Following the completion of the sale, the chief executive officer now directly owns 5,395 shares in the company, valued at approximately $1,420,233.75. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Constellation Brands news, CEO William A. Newlands sold 4,013 shares of the business’s stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $263.25, for a total transaction of $1,056,422.25. Following the completion of the sale, the chief executive officer now directly owns 5,395 shares in the company, valued at approximately $1,420,233.75. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO William A. Newlands sold 25,000 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $261.54, for a total value of $6,538,500.00. Following the sale, the chief executive officer now owns 14,700 shares of the company’s stock, valued at $3,844,638. The disclosure for this sale can be found here. Insiders sold a total of 48,031 shares of company stock worth $12,582,321 in the last three months. 12.19% of the stock is currently owned by company insiders.

Constellation Brands Stock Up 0.2 %

Shares of NYSE:STZ traded up $0.61 on Wednesday, hitting $259.55. 480,175 shares of the company traded hands, compared to its average volume of 1,187,775. Constellation Brands, Inc. has a 52 week low of $227.50 and a 52 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 stock has a 50 day simple moving average of $255.27 and a 200-day simple moving average of $253.86. The company has a market cap of $47.49 billion, a PE ratio of 27.61, a PEG ratio of 1.71 and a beta of 0.87.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Wednesday, July 3rd. The company reported $3.57 EPS for the quarter, topping the consensus estimate of $3.46 by $0.11. Constellation Brands had a return on equity of 23.06% and a net margin of 16.13%. The company had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.67 billion. During the same period last year, the company earned $2.91 EPS. Constellation Brands’s revenue for the quarter was up 5.8% on a year-over-year basis. As a group, research analysts expect that Constellation Brands, Inc. will post 13.67 earnings per share for the current year.

Constellation Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Wednesday, August 14th will be issued a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 1.56%. Constellation Brands’s payout ratio is 43.07%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on STZ. Jefferies Financial Group raised their target price on shares of Constellation Brands from $292.00 to $314.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Barclays cut their target price on shares of Constellation Brands from $295.00 to $288.00 and set an “overweight” rating on the stock in a report on Wednesday, May 29th. Evercore ISI raised their target price on shares of Constellation Brands from $300.00 to $310.00 and gave the stock an “outperform” rating in a report on Friday, April 12th. Bank of America raised their target price on shares of Constellation Brands from $290.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Finally, UBS Group dropped their price target on Constellation Brands from $320.00 to $315.00 and set a “buy” rating for the company in a research note on Thursday, June 20th. Three equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, Constellation Brands presently has a consensus rating of “Moderate Buy” and an average target price of $298.37.

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.