12,365 Shares in Constellation Brands, Inc. (STZ) Purchased by Cypress Capital Management LLC

Cypress Capital Management LLC bought a new position in shares of Constellation Brands, Inc. (NYSE:STZ) during the first quarter, Holdings Channel reports. The fund bought 12,365 shares of the company’s stock, valued at approximately $2,168,000.

A number of other hedge funds have also recently modified their holdings of the business. Cipher Capital LP raised its stake in shares of Constellation Brands by 205.6% in the 4th quarter. Cipher Capital LP now owns 50,775 shares of the company’s stock valued at $8,165,000 after acquiring an additional 34,159 shares during the period. California State Teachers Retirement System raised its stake in shares of Constellation Brands by 1.7% in the 4th quarter. California State Teachers Retirement System now owns 258,400 shares of the company’s stock valued at $41,556,000 after acquiring an additional 4,443 shares during the period. Convergence Investment Partners LLC purchased a new stake in shares of Constellation Brands in the 4th quarter valued at approximately $1,239,000. BOKF NA raised its stake in shares of Constellation Brands by 197.8% in the 4th quarter. BOKF NA now owns 8,970 shares of the company’s stock valued at $1,443,000 after acquiring an additional 5,958 shares during the period. Finally, Oak Grove Capital LLC raised its stake in shares of Constellation Brands by 308.3% in the 4th quarter. Oak Grove Capital LLC now owns 7,350 shares of the company’s stock valued at $1,182,000 after acquiring an additional 5,550 shares during the period. 74.05% of the stock is currently owned by institutional investors.

Shares of STZ stock traded up $0.90 during trading on Wednesday, reaching $206.23. The company’s stock had a trading volume of 5,427 shares, compared to its average volume of 1,476,332. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.49 and a current ratio of 1.16. The stock has a market capitalization of $39.40 billion, a P/E ratio of 22.26, a price-to-earnings-growth ratio of 2.75 and a beta of 0.54. Constellation Brands, Inc. has a 1-year low of $150.37 and a 1-year high of $234.26.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Thursday, April 4th. The company reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.12. Constellation Brands had a net margin of 38.67% and a return on equity of 15.63%. The firm had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter in the previous year, the business posted $1.90 earnings per share. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, research analysts forecast that Constellation Brands, Inc. will post 8.51 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Thursday, May 9th. This is a boost from Constellation Brands’s previous quarterly dividend of $0.74. Constellation Brands’s payout ratio is 32.33%.

In other Constellation Brands news, Director Barry A. Fromberg sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $174.72, for a total transaction of $262,080.00. Following the completion of the transaction, the director now owns 18,240 shares in the company, valued at approximately $3,186,892.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP David Eric Klein sold 25,980 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $198.66, for a total transaction of $5,161,186.80. Following the transaction, the executive vice president now owns 69,852 shares of the company’s stock, valued at approximately $13,876,798.32. The disclosure for this sale can be found here. Insiders have sold a total of 30,551 shares of company stock valued at $6,007,002 in the last quarter. 15.80% of the stock is currently owned by company insiders.

A number of research firms have recently issued reports on STZ. Morgan Stanley raised shares of Constellation Brands to a “hold” rating in a research note on Friday, April 5th. Barclays set a $226.00 price target on shares of Constellation Brands and gave the company a “buy” rating in a research note on Friday, April 5th. Zacks Investment Research downgraded shares of Constellation Brands from a “hold” rating to a “sell” rating in a research note on Tuesday, April 9th. ValuEngine raised shares of Constellation Brands from a “sell” rating to a “hold” rating in a research note on Thursday, April 4th. Finally, Jefferies Financial Group boosted their price target on shares of Constellation Brands from $267.00 to $275.00 and gave the company a “top pick” rating in a research note on Monday, April 22nd. Eleven equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $223.13.

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About Constellation Brands

Constellation Brands, Inc, together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. It provides beer primarily under the Corona Extra, Corona Light, Corona Premier, Corona Familiar Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Four Corners, and Ballast Point brands.

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

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