1,180 Shares in Constellation Brands, Inc. Class A (STZ) Acquired by Hilton Capital Management LLC

Hilton Capital Management LLC bought a new position in Constellation Brands, Inc. Class A (NYSE:STZ) in the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 1,180 shares of the company’s stock, valued at approximately $269,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Jacobi Capital Management LLC boosted its holdings in shares of Constellation Brands, Inc. Class A by 103.6% during the first quarter. Jacobi Capital Management LLC now owns 507 shares of the company’s stock worth $116,000 after purchasing an additional 258 shares during the period. Bessemer Group Inc. boosted its holdings in shares of Constellation Brands, Inc. Class A by 153.1% during the fourth quarter. Bessemer Group Inc. now owns 529 shares of the company’s stock worth $121,000 after purchasing an additional 320 shares during the period. Signaturefd LLC acquired a new stake in shares of Constellation Brands, Inc. Class A during the first quarter worth approximately $137,000. Trustcore Financial Services LLC acquired a new stake in shares of Constellation Brands, Inc. Class A during the fourth quarter worth approximately $142,000. Finally, Optimum Investment Advisors acquired a new stake in shares of Constellation Brands, Inc. Class A during the first quarter worth approximately $157,000. Institutional investors own 72.92% of the company’s stock.

Several research firms recently commented on STZ. Stifel Nicolaus raised their price target on shares of Constellation Brands, Inc. Class A from $228.00 to $230.00 and gave the stock a “hold” rating in a report on Thursday, May 31st. ValuEngine cut shares of Constellation Brands, Inc. Class A from a “buy” rating to a “hold” rating in a report on Friday, May 18th. Argus raised their price target on shares of Constellation Brands, Inc. Class A to $260.00 and gave the stock a “buy” rating in a report on Tuesday, April 3rd. Morgan Stanley raised their price target on shares of Constellation Brands, Inc. Class A from $250.00 to $262.00 and gave the stock an “overweight” rating in a report on Tuesday, April 3rd. Finally, Royal Bank of Canada restated a “buy” rating and set a $280.00 price target on shares of Constellation Brands, Inc. Class A in a report on Monday, April 2nd. Eight equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $245.86.

In related news, Director James A. Locke III sold 6,398 shares of Constellation Brands, Inc. Class A stock in a transaction dated Tuesday, April 17th. The stock was sold at an average price of $230.50, for a total value of $1,474,739.00. Following the completion of the transaction, the director now directly owns 44,954 shares of the company’s stock, valued at $10,361,897. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Christopher Stenzel sold 7,971 shares of Constellation Brands, Inc. Class A stock in a transaction dated Wednesday, April 25th. The shares were sold at an average price of $225.50, for a total value of $1,797,460.50. The disclosure for this sale can be found here. Insiders sold 35,269 shares of company stock valued at $8,048,757 over the last ninety days. 15.80% of the stock is currently owned by company insiders.

Constellation Brands, Inc. Class A stock opened at $229.23 on Thursday. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.79 and a quick ratio of 0.71. Constellation Brands, Inc. Class A has a 12-month low of $178.57 and a 12-month high of $236.62. The stock has a market capitalization of $43.27 billion, a P/E ratio of 26.29, a price-to-earnings-growth ratio of 1.27 and a beta of 0.06.

Constellation Brands, Inc. Class A (NYSE:STZ) last released its quarterly earnings results on Thursday, March 29th. The company reported $1.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.74 by $0.16. Constellation Brands, Inc. Class A had a return on equity of 22.28% and a net margin of 27.85%. The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.76 billion. During the same period in the previous year, the business posted $1.48 earnings per share. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. sell-side analysts predict that Constellation Brands, Inc. Class A will post 9.67 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 24th. Investors of record on Thursday, May 10th were issued a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.29%. This is a boost from Constellation Brands, Inc. Class A’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Wednesday, May 9th. Constellation Brands, Inc. Class A’s payout ratio is currently 10.67%.

Constellation Brands, Inc. Class A Company Profile

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. The company sells wine across various categories, including table wine, sparkling wine, and dessert wine. It offers beer primarily under the Corona Extra, Corona Light, Modelo Especial, Modelo Negra, and Pacifico brands; wine under the Black Box, Clos du Bois, Estancia, Franciscan Estate, Inniskillin, Kim Crawford, Mark West, Meiomi, Mount Veeder, Nobilo, Robert Mondavi, Ruffino, Saved, Simi, The Dreaming Tree, The Prisoner, Charles Smith, and Wild Horse brands; and sprits under the SVEDKA vodka, Black Velvet Canadian whisky, Casa Noble tequila, High West craft whisky brands.

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Institutional Ownership by Quarter for Constellation Brands, Inc. Class A (NYSE:STZ)

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