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

Coldstream Capital Management Inc. lifted its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 2.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,606 shares of the company’s stock after acquiring an additional 331 shares during the period. Coldstream Capital Management Inc.’s holdings in Constellation Brands were worth $4,272,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. New Millennium Group LLC bought a new stake in shares of Constellation Brands during the 2nd quarter worth approximately $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Constellation Brands during the 2nd quarter worth approximately $29,000. Horizon Bancorp Inc. IN bought a new stake in shares of Constellation Brands during the 2nd quarter worth approximately $32,000. YHB Investment Advisors Inc. bought a new stake in shares of Constellation Brands during the 1st quarter worth approximately $35,000. Finally, First Financial Corp IN bought a new stake in shares of Constellation Brands during the 1st quarter worth approximately $35,000. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Stock Up 0.8 %

Shares of NYSE STZ opened at $250.89 on Tuesday. The firm has a market cap of $45.72 billion, a PE ratio of 18.70, a P/E/G ratio of 1.67 and a beta of 0.88. Constellation Brands, Inc. has a 12-month low of $227.50 and a 12-month high of $274.87. The company’s fifty day simple moving average is $246.24 and its 200 day simple moving average is $253.80. The company has a quick ratio of 0.53, a current ratio of 1.19 and a debt-to-equity ratio of 1.06.

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

Constellation Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Wednesday, August 14th were paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Wednesday, August 14th. Constellation Brands’s dividend payout ratio (DPR) is 30.10%.

Insider Buying and Selling at Constellation Brands

In other Constellation Brands 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 value of $254,997.00. Following the transaction, the executive vice president now directly owns 2,706 shares of the company’s stock, valued at $706,266. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Garth Hankinson sold 13,583 shares of the firm’s stock in a transaction dated 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 $2,808,480. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kaneenat Kristann Carey sold 977 shares of the firm’s stock in a transaction dated 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 in the company, valued at $706,266. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,414 shares of company stock valued at $3,982,922. Corporate insiders own 12.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on STZ. Jefferies Financial Group upped their price objective on shares of Constellation Brands from $310.00 to $311.00 and gave the stock a “buy” rating in a research report on Friday, July 5th. Morgan Stanley lowered their price objective on shares of Constellation Brands from $305.00 to $280.00 and set an “overweight” rating for the company in a research report on Monday, August 26th. Royal Bank of Canada reiterated an “outperform” rating and set a $308.00 price objective on shares of Constellation Brands in a research report on Tuesday, September 3rd. JPMorgan Chase & Co. lowered their price objective on shares of Constellation Brands from $320.00 to $307.00 and set an “overweight” rating for the company in a research report on Tuesday, September 3rd. Finally, Truist Financial reiterated a “hold” rating and set 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 stock. According to data from MarketBeat, Constellation Brands presently has a consensus rating of “Moderate Buy” and an average target price of $296.78.

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.