Coldstream Capital Management Inc. Purchases 331 Shares of Constellation Brands, Inc. (NYSE:STZ)

Coldstream Capital Management Inc. increased its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 2.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 16,606 shares of the company’s stock after buying an additional 331 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Constellation Brands were worth $4,272,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Stifel Financial Corp increased its holdings in Constellation Brands by 3.2% during the fourth quarter. Stifel Financial Corp now owns 192,585 shares of the company’s stock worth $46,570,000 after buying an additional 5,951 shares during the last quarter. KBC Group NV increased its stake in shares of Constellation Brands by 100.4% in the fourth quarter. KBC Group NV now owns 250,945 shares of the company’s stock worth $60,666,000 after purchasing an additional 125,730 shares in the last quarter. Manning & Napier Advisors LLC purchased a new position in shares of Constellation Brands in the second quarter worth about $119,394,000. Vanguard Group Inc. increased its stake in shares of Constellation Brands by 3.5% in the first quarter. Vanguard Group Inc. now owns 13,705,793 shares of the company’s stock worth $3,724,686,000 after purchasing an additional 462,891 shares in the last quarter. Finally, Howland Capital Management LLC increased its stake in shares of Constellation Brands by 3.0% in the first quarter. Howland Capital Management LLC now owns 141,314 shares of the company’s stock worth $38,403,000 after purchasing an additional 4,051 shares in the last quarter. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on STZ. JPMorgan Chase & Co. reduced their target price on shares of Constellation Brands from $320.00 to $307.00 and set an “overweight” rating for the company in a research note on Tuesday, September 3rd. Morgan Stanley reduced their target price on shares of Constellation Brands from $305.00 to $280.00 and set an “overweight” rating for the company in a research note on Monday, August 26th. BMO Capital Markets reiterated an “outperform” rating and issued a $315.00 target price on shares of Constellation Brands in a research note on Friday, July 5th. Royal Bank of Canada reiterated an “outperform” rating and issued a $308.00 target price on shares of Constellation Brands in a research note on Tuesday, September 3rd. Finally, Truist Financial restated a “hold” rating and issued a $265.00 price objective on shares of Constellation Brands in a research report on Wednesday, July 3rd. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $296.78.

Constellation Brands Trading Up 0.8 %

Shares of STZ opened at $250.89 on Tuesday. The firm has a market cap of $45.72 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 1.67 and a beta of 0.88. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.53 and a current ratio of 1.19. Constellation Brands, Inc. has a fifty-two week low of $227.50 and a fifty-two week high of $274.87. The firm has a 50 day moving average price of $246.24 and a 200-day moving average price of $253.80.

Constellation Brands (NYSE:STZ) last issued its earnings results on Wednesday, July 3rd. The company reported $3.57 EPS for the quarter, topping the consensus estimate of $3.46 by $0.11. Constellation Brands had a net margin of 22.70% and a return on equity of 23.72%. The company had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.67 billion. During the same period in the previous year, the firm earned $2.91 earnings per share. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. As a group, equities research analysts forecast that Constellation Brands, Inc. will post 13.7 earnings per share for the current year.

Constellation Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Wednesday, August 14th were paid a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 1.61%. The ex-dividend date was Wednesday, August 14th. Constellation Brands’s payout ratio is 30.10%.

Insider Buying and Selling

In other Constellation Brands news, CFO Garth Hankinson sold 13,583 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $240.00, for a total transaction of $3,259,920.00. Following the transaction, the chief financial officer now directly owns 11,702 shares of the company’s stock, valued at approximately $2,808,480. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Constellation Brands news, EVP Kaneenat Kristann Carey sold 977 shares of the business’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 transaction, the executive vice president now directly owns 2,706 shares of the company’s stock, valued at approximately $706,266. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Garth Hankinson sold 13,583 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $240.00, for a total transaction of $3,259,920.00. Following the completion of the sale, the chief financial officer now directly owns 11,702 shares in the company, valued at $2,808,480. The disclosure for this sale can be found here. Insiders have sold a total of 16,414 shares of company stock valued at $3,982,922 over the last three months. 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.