WD Rutherford LLC Acquires 295 Shares of Constellation Brands, Inc. (NYSE:STZ)

WD Rutherford LLC increased its stake in Constellation Brands, Inc. (NYSE:STZ) by 2.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,526 shares of the company’s stock after buying an additional 295 shares during the quarter. WD Rutherford LLC’s holdings in Constellation Brands were worth $2,708,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Constellation Brands in the 2nd quarter valued at approximately $29,000. Horizon Bancorp Inc. IN bought a new position in shares of Constellation Brands in the 2nd quarter worth $32,000. YHB Investment Advisors Inc. acquired a new stake in shares of Constellation Brands in the 1st quarter worth about $35,000. First Financial Corp IN bought a new stake in Constellation Brands during the 1st quarter worth approximately $35,000. Finally, LRI Investments LLC bought a new stake in Constellation Brands during the first quarter worth $37,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on STZ shares. Royal Bank of Canada restated an “outperform” rating and issued a $308.00 target price on shares of Constellation Brands in a research note on Wednesday, July 31st. JPMorgan Chase & Co. boosted their price target on shares of Constellation Brands from $291.00 to $320.00 and gave the stock an “overweight” rating in a report on Friday, July 5th. Roth Mkm lowered their price objective on shares of Constellation Brands from $305.00 to $303.00 and set a “buy” rating on the stock in a research report on Friday, July 5th. UBS Group lifted their price target on shares of Constellation Brands from $315.00 to $320.00 and gave the stock a “buy” rating in a report on Friday, July 5th. Finally, Barclays increased their price objective on Constellation Brands from $287.00 to $295.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $300.28.

Insider Activity

In other news, EVP Kaneenat Kristann Carey sold 977 shares of Constellation Brands 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 completion of the sale, the executive vice president now directly owns 2,706 shares in the company, valued at $706,266. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Constellation Brands news, CFO Garth Hankinson sold 13,583 shares of Constellation Brands stock in a transaction that occurred 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 owns 11,702 shares of the company’s stock, valued at $2,808,480. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 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 ninety days. 12.19% of the stock is currently owned by corporate insiders.

Constellation Brands Stock Up 0.6 %

Shares of NYSE:STZ traded up $1.48 during midday trading on Friday, reaching $245.18. The company’s stock had a trading volume of 637,081 shares, compared to its average volume of 1,175,121. The firm has a 50 day moving average of $250.01 and a 200-day moving average of $253.84. Constellation Brands, Inc. has a 12-month low of $227.50 and a 12-month high of $274.87. The firm has a market capitalization of $44.86 billion, a P/E ratio of 18.27, a PEG ratio of 1.62 and a beta of 1.75. 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. Constellation Brands had a net margin of 22.70% and a return on equity of 23.72%. The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter in the prior year, the firm posted $2.91 earnings per share. The business’s revenue was up 5.8% on a year-over-year basis. On average, research analysts anticipate that Constellation Brands, Inc. will post 13.57 earnings per share for the current year.

Constellation Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Wednesday, August 14th were paid a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Wednesday, August 14th. Constellation Brands’s dividend payout ratio is currently 30.10%.

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.