Tectonic Advisors LLC Has $812,000 Stock Holdings in Constellation Brands Inc (NYSE:STZ)

Tectonic Advisors LLC lifted its holdings in shares of Constellation Brands Inc (NYSE:STZ) by 16.6% in the first quarter, HoldingsChannel reports. The institutional investor owned 4,422 shares of the company’s stock after buying an additional 631 shares during the period. Tectonic Advisors LLC’s holdings in Constellation Brands were worth $812,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of STZ. Minot DeBlois Advisors LLC acquired a new position in shares of Constellation Brands during the 4th quarter worth about $29,000. Optiver Holding B.V. acquired a new stake in Constellation Brands in the 4th quarter valued at about $31,000. Laurel Wealth Advisors LLC acquired a new stake in Constellation Brands in the 1st quarter valued at about $32,000. Rakuten Securities Inc. lifted its stake in Constellation Brands by 805.0% in the 1st quarter. Rakuten Securities Inc. now owns 181 shares of the company’s stock valued at $33,000 after purchasing an additional 161 shares during the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new stake in Constellation Brands in the 4th quarter valued at about $44,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Constellation Brands

In other news, EVP Samuel J. Glaetzer sold 3,150 shares of the firm’s stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $188.54, for a total transaction of $593,901.00. Following the transaction, the executive vice president directly owned 3,126 shares of the company’s stock, valued at approximately $589,376.04. This trade represents a 50.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 12.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on STZ shares. Barclays set a $202.00 target price on shares of Constellation Brands and gave the company an “overweight” rating in a research note on Thursday, June 26th. JPMorgan Chase & Co. raised their target price on shares of Constellation Brands from $170.00 to $182.00 and gave the company a “neutral” rating in a research note on Thursday, July 3rd. Wells Fargo & Company cut their target price on shares of Constellation Brands from $210.00 to $196.00 and set an “overweight” rating for the company in a research note on Wednesday, June 25th. Bank of America raised their target price on shares of Constellation Brands from $180.00 to $182.00 and gave the company a “neutral” rating in a research note on Thursday, July 3rd. Finally, Royal Bank Of Canada cut their target price on shares of Constellation Brands from $289.00 to $233.00 and set an “outperform” rating for the company in a research note on Monday, April 14th. Eleven analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Constellation Brands currently has a consensus rating of “Moderate Buy” and an average target price of $213.74.

Constellation Brands Stock Up 0.9%

Shares of STZ opened at $166.09 on Wednesday. Constellation Brands Inc has a 12 month low of $159.35 and a 12 month high of $261.06. The firm’s 50 day moving average is $174.68 and its 200-day moving average is $180.59. The stock has a market capitalization of $29.28 billion, a PE ratio of -69.49, a P/E/G ratio of 9.96 and a beta of 0.67. The company has a current ratio of 1.07, a quick ratio of 0.68 and a debt-to-equity ratio of 1.30.

Constellation Brands (NYSE:STZ) last announced its earnings results on Tuesday, July 1st. The company reported $3.22 EPS for the quarter, missing the consensus estimate of $3.45 by ($0.23). Constellation Brands had a positive return on equity of 31.41% and a negative net margin of 4.11%. The business had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the prior year, the business posted $3.57 earnings per share. The firm’s revenue for the quarter was down 5.5% compared to the same quarter last year. Equities research analysts forecast that Constellation Brands Inc will post 13.5 EPS for the current year.

Constellation Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Wednesday, July 30th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Wednesday, July 30th. This represents a $4.08 annualized dividend and a dividend yield of 2.46%. Constellation Brands’s dividend payout ratio is presently -170.71%.

About Constellation Brands

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.