Cambridge Trust Co. Sells 50 Shares of Constellation Brands, Inc. (NYSE:STZ)

Cambridge Trust Co. trimmed its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 25.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 150 shares of the company’s stock after selling 50 shares during the quarter. Cambridge Trust Co.’s holdings in Constellation Brands were worth $41,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Orion Portfolio Solutions LLC grew its holdings in Constellation Brands by 1.1% during the 1st quarter. Orion Portfolio Solutions LLC now owns 3,676 shares of the company’s stock valued at $999,000 after purchasing an additional 39 shares during the last quarter. Capital Advisors Ltd. LLC raised its holdings in shares of Constellation Brands by 16.5% in the first quarter. Capital Advisors Ltd. LLC now owns 290 shares of the company’s stock worth $79,000 after buying an additional 41 shares during the period. 1620 Investment Advisors Inc. raised its holdings in shares of Constellation Brands by 1.8% in the fourth quarter. 1620 Investment Advisors Inc. now owns 2,352 shares of the company’s stock worth $569,000 after buying an additional 42 shares during the period. Smithfield Trust Co lifted its stake in shares of Constellation Brands by 5.3% during the 4th quarter. Smithfield Trust Co now owns 854 shares of the company’s stock worth $207,000 after acquiring an additional 43 shares during the last quarter. Finally, Copperwynd Financial LLC boosted its holdings in Constellation Brands by 1.6% during the 4th quarter. Copperwynd Financial LLC now owns 2,779 shares of the company’s stock valued at $672,000 after acquiring an additional 43 shares during the period. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Stock Up 0.6 %

Shares of NYSE STZ traded up $1.57 during trading hours on Friday, hitting $246.94. 1,409,592 shares of the stock were exchanged, compared to its average volume of 1,198,954. Constellation Brands, Inc. has a 12 month low of $227.50 and a 12 month high of $274.87. The firm has a fifty day moving average price of $252.51 and a 200-day moving average price of $254.69. 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 company has a market cap of $45.00 billion, a PE ratio of 18.40, a PEG ratio of 1.62 and a beta of 0.87.

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

Constellation Brands Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Argus upgraded Constellation Brands from a “hold” rating to a “buy” rating and set a $306.00 target price for the company in a research report on Monday, April 15th. HSBC boosted their price objective on shares of Constellation Brands from $290.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Barclays raised their target price on shares of Constellation Brands from $287.00 to $295.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Royal Bank of Canada reiterated an “outperform” rating and issued a $308.00 price target on shares of Constellation Brands in a report on Wednesday. Finally, UBS Group raised their price objective on Constellation Brands from $315.00 to $320.00 and gave the stock a “buy” rating in a report 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $300.28.

Insider Activity

In related news, EVP Kaneenat Kristann Carey sold 977 shares of the firm’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $261.00, for a total transaction of $254,997.00. Following the sale, the executive vice president now owns 2,706 shares in the company, valued at $706,266. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Daniel J. Mccarthy sold 1,854 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $252.43, for a total value of $468,005.22. Following the completion of the sale, the director now directly owns 3,232 shares in the company, valued at $815,853.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kaneenat Kristann Carey sold 977 shares of the stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $261.00, for a total value of $254,997.00. Following the transaction, the executive vice president now owns 2,706 shares in the company, valued at approximately $706,266. The disclosure for this sale can be found here. Insiders have sold a total of 27,831 shares of company stock worth $7,261,502 over the last 90 days. 12.19% of the stock is currently owned by corporate insiders.

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.