WD Rutherford LLC Has $2.61 Million Holdings in Constellation Brands, Inc. (NYSE:STZ)

WD Rutherford LLC reduced its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 1.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 10,353 shares of the company’s stock after selling 193 shares during the quarter. WD Rutherford LLC’s holdings in Constellation Brands were worth $2,605,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AE Wealth Management LLC raised its position in shares of Constellation Brands by 32.0% in the third quarter. AE Wealth Management LLC now owns 4,288 shares of the company’s stock valued at $1,078,000 after purchasing an additional 1,040 shares during the period. Impact Partnership Wealth LLC boosted its holdings in shares of Constellation Brands by 1,175.0% during the third quarter. Impact Partnership Wealth LLC now owns 102 shares of the company’s stock worth $26,000 after acquiring an additional 94 shares during the period. Strategic Blueprint LLC increased its stake in shares of Constellation Brands by 5.6% during the third quarter. Strategic Blueprint LLC now owns 1,571 shares of the company’s stock worth $395,000 after purchasing an additional 84 shares during the period. Caprock Group LLC lifted its holdings in Constellation Brands by 2.7% during the 3rd quarter. Caprock Group LLC now owns 2,578 shares of the company’s stock worth $648,000 after purchasing an additional 68 shares during the last quarter. Finally, Occidental Asset Management LLC grew its holdings in Constellation Brands by 1.8% in the 3rd quarter. Occidental Asset Management LLC now owns 10,249 shares of the company’s stock valued at $2,576,000 after buying an additional 186 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Constellation Brands

In other news, CEO William A. Newlands sold 4,013 shares of the business’s stock in a transaction that occurred on Friday, April 19th. The shares were sold at an average price of $263.25, for a total value of $1,056,422.25. Following the transaction, the chief executive officer now owns 5,395 shares in the company, valued at approximately $1,420,233.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Constellation Brands news, CEO William A. Newlands sold 4,013 shares of the company’s stock in a transaction on Friday, April 19th. The shares were sold at an average price of $263.25, for a total transaction of $1,056,422.25. Following the sale, the chief executive officer now owns 5,395 shares of the company’s stock, valued at $1,420,233.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP James A. Jr. Sabia sold 15,781 shares of Constellation Brands stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $263.63, for a total value of $4,160,345.03. Following the completion of the transaction, the executive vice president now directly owns 20,910 shares of the company’s stock, valued at $5,512,503.30. The disclosure for this sale can be found here. Insiders own 16.19% of the company’s stock.

Constellation Brands Trading Down 0.6 %

Shares of NYSE STZ opened at $260.04 on Friday. The firm has a 50 day moving average price of $259.80 and a two-hundred day moving average price of $247.94. The stock has a market cap of $47.54 billion, a P/E ratio of 27.72, a price-to-earnings-growth ratio of 1.77 and a beta of 0.97. Constellation Brands, Inc. has a 52-week low of $221.81 and a 52-week high of $274.87. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.53 and a current ratio of 1.19.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Thursday, April 11th. The company reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.16. The business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.09 billion. Constellation Brands had a return on equity of 23.06% and a net margin of 16.13%. Constellation Brands’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.98 earnings per share. As a group, equities analysts forecast that Constellation Brands, Inc. will post 13.51 EPS for the current year.

Constellation Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be paid a $1.01 dividend. This is a positive change from Constellation Brands’s previous quarterly dividend of $0.89. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date is Thursday, May 2nd. Constellation Brands’s payout ratio is currently 37.95%.

Analysts Set New Price Targets

Several research firms recently commented on STZ. Roth Mkm restated a “buy” rating and issued a $305.00 price target on shares of Constellation Brands in a research note on Friday, April 12th. HSBC lifted their price target on shares of Constellation Brands from $290.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, April 12th. TheStreet downgraded Constellation Brands from a “b” rating to a “c+” rating in a research report on Friday, January 5th. Wedbush reiterated an “outperform” rating and set a $300.00 target price on shares of Constellation Brands in a research report on Wednesday, April 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Constellation Brands from $256.00 to $262.00 and gave the company a “hold” rating in a research note on Wednesday, April 10th. Three research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Constellation Brands has a consensus rating of “Moderate Buy” and a consensus target price of $298.55.

About Constellation Brands

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 Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Victoria, Vicky Chamoy, and Pacifico brands.