Gibraltar Capital Management Inc. Buys 609 Shares of Constellation Brands, Inc. (NYSE:STZ)

Gibraltar Capital Management Inc. lifted its stake in Constellation Brands, Inc. (NYSE:STZ) by 2.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,299 shares of the company’s stock after acquiring an additional 609 shares during the quarter. Constellation Brands makes up approximately 2.6% of Gibraltar Capital Management Inc.’s investment portfolio, making the stock its 23rd largest position. Gibraltar Capital Management Inc.’s holdings in Constellation Brands were worth $5,812,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Compagnie Lombard Odier SCmA bought a new position in Constellation Brands during the fourth quarter worth about $27,000. Union Bancaire Privee UBP SA bought a new position in shares of Constellation Brands during the 4th quarter worth approximately $28,000. Versant Capital Management Inc increased its holdings in shares of Constellation Brands by 887.5% during the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock worth $35,000 after acquiring an additional 142 shares during the last quarter. Centricity Wealth Management LLC bought a new stake in Constellation Brands in the 4th quarter valued at $35,000. Finally, FSA Wealth Management LLC acquired a new stake in Constellation Brands during the 3rd quarter valued at $42,000. Institutional investors own 77.34% of the company’s stock.

Insider Buying and Selling at Constellation Brands

In other Constellation Brands news, Director William T. Giles acquired 1,000 shares of the company’s stock in a transaction on Friday, January 17th. The shares were purchased at an average cost of $186.39 per share, with a total value of $186,390.00. Following the completion of the purchase, the director now owns 1,463 shares of the company’s stock, valued at approximately $272,688.57. This represents a 215.98 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 12.19% of the company’s stock.

Constellation Brands Stock Down 0.4 %

Shares of NYSE STZ opened at $178.27 on Wednesday. The company’s 50 day moving average price is $192.11 and its 200-day moving average price is $224.84. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. Constellation Brands, Inc. has a 52-week low of $160.46 and a 52-week high of $274.87. The company has a market capitalization of $32.22 billion, a P/E ratio of 47.92, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Friday, January 10th. The company reported $3.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The business had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.53 billion. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.19 earnings per share. Equities analysts forecast that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a dividend of $1.01 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.27%. Constellation Brands’s dividend payout ratio (DPR) is presently 108.60%.

Wall Street Analysts Forecast Growth

STZ has been the topic of several research reports. BNP Paribas began coverage on shares of Constellation Brands in a research report on Monday, November 25th. They issued a “neutral” rating and a $261.00 price objective on the stock. Evercore ISI lowered their price target on shares of Constellation Brands from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Needham & Company LLC restated a “buy” rating and set a $240.00 price objective on shares of Constellation Brands in a report on Monday, January 27th. Argus lowered Constellation Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, StockNews.com raised Constellation Brands from a “sell” rating to a “hold” rating in a report on Thursday, February 13th. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $254.29.

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.