GAMMA Investing LLC Has $1.37 Million Stake in Constellation Brands, Inc. (NYSE:STZ)

GAMMA Investing LLC lifted its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 30.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,339 shares of the company’s stock after buying an additional 1,235 shares during the quarter. GAMMA Investing LLC’s holdings in Constellation Brands were worth $1,374,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. YHB Investment Advisors Inc. bought a new position in shares of Constellation Brands in the 1st quarter worth $35,000. First Financial Corp IN bought a new position in shares of Constellation Brands in the 1st quarter worth $35,000. LRI Investments LLC bought a new position in shares of Constellation Brands in the 1st quarter worth $37,000. Kapitalo Investimentos Ltda bought a new position in shares of Constellation Brands in the 4th quarter worth $35,000. Finally, Turtle Creek Wealth Advisors LLC bought a new position in shares of Constellation Brands in the 4th quarter worth $37,000. 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 25,000 shares of Constellation Brands stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $261.54, for a total transaction of $6,538,500.00. Following the completion of the transaction, the chief executive officer now owns 14,700 shares of the company’s stock, valued at approximately $3,844,638. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Kaneenat Kristann Carey sold 977 shares of the business’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $261.00, for a total transaction of $254,997.00. Following the completion of the transaction, the executive vice president now owns 2,706 shares of the company’s stock, valued at $706,266. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 stock was sold at an average price of $261.54, for a total value of $6,538,500.00. Following the transaction, the chief executive officer now directly owns 14,700 shares of the company’s stock, valued at approximately $3,844,638. The disclosure for this sale can be found here. Insiders sold 27,831 shares of company stock valued at $7,261,502 in the last quarter. 12.19% of the stock is currently owned by corporate insiders.

Constellation Brands Stock Performance

STZ traded up $1.57 during trading hours on Friday, hitting $246.94. The stock had a trading volume of 1,409,592 shares, compared to its average volume of 1,198,954. The company’s fifty day simple moving average is $252.51 and its 200 day simple moving average is $254.70. Constellation Brands, Inc. has a 1 year low of $227.50 and a 1 year high of $274.87. The stock has a market cap of $45.00 billion, a PE ratio of 18.40, a price-to-earnings-growth ratio of 1.62 and a beta of 0.87. The company has a quick ratio of 0.53, a current ratio of 1.19 and a debt-to-equity ratio of 1.06.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Wednesday, July 3rd. The company reported $3.57 earnings per share for the quarter, topping the consensus estimate of $3.46 by $0.11. Constellation Brands had a return on equity of 23.72% and a net margin of 22.70%. The company had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same quarter last year, the firm posted $2.91 EPS. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. Equities analysts anticipate that Constellation Brands, Inc. will post 13.57 earnings per share for the current year.

Constellation Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Wednesday, August 14th will be issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Wednesday, August 14th. Constellation Brands’s payout ratio is presently 30.10%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on STZ. Argus upgraded Constellation Brands from a “hold” rating to a “buy” rating and set a $306.00 target price on the stock in a report on Monday, April 15th. Roth Mkm dropped their price objective on Constellation Brands from $305.00 to $303.00 and set a “buy” rating on the stock in a research note on Friday, July 5th. Jefferies Financial Group raised their price objective on Constellation Brands from $310.00 to $311.00 and gave the company a “buy” rating in a research note on Friday, July 5th. Barclays raised their price objective on Constellation Brands from $287.00 to $295.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Finally, BMO Capital Markets restated an “outperform” rating and set a $315.00 price objective on shares of Constellation Brands in a research note on Friday, July 5th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $300.28.

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.