Tufton Capital Management Raises Stake in Constellation Brands, Inc. (NYSE:STZ)

Tufton Capital Management increased its stake in Constellation Brands, Inc. (NYSE:STZGet Rating) by 3.5% during the first quarter, according to its most recent filing with the SEC. The fund owned 2,380 shares of the company’s stock after buying an additional 80 shares during the quarter. Tufton Capital Management’s holdings in Constellation Brands were worth $548,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of STZ. Crossmark Global Holdings Inc. boosted its holdings in shares of Constellation Brands by 2.6% in the 4th quarter. Crossmark Global Holdings Inc. now owns 5,081 shares of the company’s stock worth $1,275,000 after buying an additional 130 shares during the last quarter. Stratos Wealth Partners LTD. lifted its holdings in Constellation Brands by 22.3% during the fourth quarter. Stratos Wealth Partners LTD. now owns 10,859 shares of the company’s stock valued at $2,725,000 after purchasing an additional 1,979 shares during the last quarter. Stratos Wealth Advisors LLC lifted its holdings in Constellation Brands by 5.4% during the fourth quarter. Stratos Wealth Advisors LLC now owns 2,352 shares of the company’s stock valued at $590,000 after purchasing an additional 120 shares during the last quarter. Gateway Investment Advisers LLC lifted its holdings in Constellation Brands by 54.8% during the fourth quarter. Gateway Investment Advisers LLC now owns 1,814 shares of the company’s stock valued at $455,000 after purchasing an additional 642 shares during the last quarter. Finally, BKD Wealth Advisors LLC lifted its holdings in Constellation Brands by 8.2% during the fourth quarter. BKD Wealth Advisors LLC now owns 5,471 shares of the company’s stock valued at $1,373,000 after purchasing an additional 416 shares during the last quarter. 74.99% of the stock is currently owned by institutional investors.

STZ stock opened at $236.71 on Wednesday. Constellation Brands, Inc. has a 1-year low of $207.35 and a 1-year high of $261.52. The company has a current ratio of 1.40, a quick ratio of 0.70 and a debt-to-equity ratio of 0.89. The company’s 50 day moving average is $241.90 and its 200 day moving average is $237.68. The stock has a market cap of $44.55 billion, a price-to-earnings ratio of 35.76, a price-to-earnings-growth ratio of 2.00 and a beta of 1.04.

Constellation Brands (NYSE:STZGet Rating) last issued its quarterly earnings results on Thursday, June 30th. The company reported $2.66 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.14. Constellation Brands had a net margin of 12.72% and a return on equity of 17.19%. The business had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same period last year, the business earned $2.33 earnings per share. The business’s quarterly revenue was up 16.6% on a year-over-year basis. As a group, sell-side analysts forecast that Constellation Brands, Inc. will post 10.9 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 24th. Shareholders of record on Wednesday, August 10th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date is Tuesday, August 9th. Constellation Brands’s payout ratio is currently 48.34%.

STZ has been the topic of several recent research reports. UBS Group dropped their price objective on shares of Constellation Brands from $285.00 to $270.00 and set a “buy” rating on the stock in a report on Tuesday, June 21st. Barclays upped their price objective on shares of Constellation Brands from $272.00 to $281.00 and gave the company an “overweight” rating in a report on Tuesday. Truist Financial upped their price target on Constellation Brands from $213.00 to $245.00 and gave the company a “hold” rating in a research report on Friday, April 8th. Deutsche Bank Aktiengesellschaft decreased their price target on Constellation Brands from $248.00 to $240.00 and set a “hold” rating on the stock in a research report on Friday, July 1st. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $275.00 price target on shares of Constellation Brands in a research report on Wednesday, June 29th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $271.00.

In related news, EVP James O. Bourdeau sold 12,860 shares of the firm’s stock in a transaction on Friday, April 22nd. The stock was sold at an average price of $254.24, for a total value of $3,269,526.40. Following the completion of the sale, the executive vice president now owns 1,628 shares of the company’s stock, valued at $413,902.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeremy S. G. Fowden sold 7,574 shares of the firm’s stock in a transaction on Friday, April 8th. The stock was sold at an average price of $240.38, for a total value of $1,820,638.12. Following the completion of the sale, the director now directly owns 18,501 shares of the company’s stock, valued at approximately $4,447,270.38. The disclosure for this sale can be found here. Insiders have sold 25,822 shares of company stock worth $6,451,256 over the last quarter. Company insiders own 16.19% of the company’s stock.

Constellation Brands Company Profile (Get Rating)

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. It provides beer primarily under the Corona Extra, Corona Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands.

Read More

Institutional Ownership by Quarter for Constellation Brands (NYSE:STZ)

Receive News & Ratings for Constellation Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Constellation Brands and related companies with MarketBeat.com's FREE daily email newsletter.