Constellation Brands, Inc. (NYSE:STZ) Position Raised by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC boosted its position in Constellation Brands, Inc. (NYSE:STZ) by 75.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 72,133 shares of the company’s stock after purchasing an additional 31,036 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Constellation Brands were worth $15,941,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in STZ. ICICI Prudential Asset Management Co Ltd bought a new position in shares of Constellation Brands during the 4th quarter valued at about $4,420,000. Callahan Advisors LLC raised its holdings in shares of Constellation Brands by 77.5% in the 4th quarter. Callahan Advisors LLC now owns 1,438 shares of the company’s stock worth $318,000 after purchasing an additional 628 shares in the last quarter. Mcdonald Partners LLC lifted its stake in Constellation Brands by 7.4% during the fourth quarter. Mcdonald Partners LLC now owns 6,135 shares of the company’s stock valued at $1,356,000 after purchasing an additional 423 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund boosted its holdings in Constellation Brands by 27.2% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,900 shares of the company’s stock worth $1,304,000 after buying an additional 1,261 shares in the last quarter. Finally, D.A. Davidson & CO. grew its position in Constellation Brands by 1.0% in the fourth quarter. D.A. Davidson & CO. now owns 57,659 shares of the company’s stock worth $12,743,000 after buying an additional 572 shares during the last quarter. 77.34% of the stock is owned by institutional investors.

Constellation Brands Price Performance

NYSE STZ opened at $172.47 on Thursday. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $31.17 billion, a PE ratio of 46.36, a price-to-earnings-growth ratio of 1.44 and a beta of 0.90. Constellation Brands, Inc. has a 12-month low of $160.46 and a 12-month high of $274.87. The company has a 50 day moving average price of $196.90 and a two-hundred day moving average price of $226.68.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Friday, January 10th. The company reported $3.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.33 by ($0.08). The business had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.53 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The firm’s revenue for the quarter was down .3% on a year-over-year basis. During the same period in the previous year, the firm posted $3.19 EPS. As a group, equities analysts predict that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Friday, February 7th. Constellation Brands’s dividend payout ratio is 108.60%.

Wall Street Analysts Forecast Growth

STZ has been the subject of a number of recent research reports. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $203.00 price objective (down previously from $262.00) on shares of Constellation Brands in a research report on Monday, January 13th. Evercore ISI reduced their target price on Constellation Brands from $300.00 to $250.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Argus cut Constellation Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $293.00 price objective on shares of Constellation Brands in a research note on Monday, February 3rd. Finally, Wells Fargo & Company decreased their target price on shares of Constellation Brands from $295.00 to $275.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $254.29.

Insider Activity at Constellation Brands

In related news, Director William T. Giles bought 1,000 shares of the firm’s stock in a transaction on Friday, January 17th. The stock was purchased at an average price of $186.39 per share, with a total value of $186,390.00. Following the completion of the transaction, the director now directly owns 1,463 shares of the company’s stock, valued at $272,688.57. This trade represents a 215.98 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 12.19% of the stock is owned by company insiders.

Constellation Brands Company 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.