Thompson Siegel & Walmsley LLC Increases Stock Position in Constellation Brands Inc $STZ

Thompson Siegel & Walmsley LLC grew its holdings in Constellation Brands Inc (NYSE:STZ) by 12.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 362,808 shares of the company’s stock after purchasing an additional 38,959 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Constellation Brands were worth $50,053,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Stance Capital LLC acquired a new position in shares of Constellation Brands during the 3rd quarter worth approximately $26,000. GoalVest Advisory LLC acquired a new stake in Constellation Brands during the 4th quarter valued at $28,000. Elyxium Wealth LLC purchased a new position in Constellation Brands during the fourth quarter worth $33,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in Constellation Brands during the fourth quarter worth $39,000. Finally, Accredited Wealth Management LLC raised its holdings in shares of Constellation Brands by 572.3% in the third quarter. Accredited Wealth Management LLC now owns 316 shares of the company’s stock worth $43,000 after acquiring an additional 269 shares during the last quarter. 77.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP James O. Bourdeau sold 4,407 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $143.24, for a total transaction of $631,258.68. Following the completion of the transaction, the executive vice president owned 9,109 shares of the company’s stock, valued at approximately $1,304,773.16. This represents a 32.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 12.45% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Roth Mkm restated a “buy” rating on shares of Constellation Brands in a research report on Thursday, April 9th. Wells Fargo & Company boosted their target price on shares of Constellation Brands from $180.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, April 10th. JPMorgan Chase & Co. upped their target price on shares of Constellation Brands from $155.00 to $163.00 and gave the company a “neutral” rating in a report on Wednesday, April 1st. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $185.00 price target on shares of Constellation Brands in a research note on Friday, April 10th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Constellation Brands from $154.00 to $155.00 and gave the stock a “hold” rating in a report on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $175.26.

Constellation Brands Price Performance

Shares of NYSE:STZ opened at $138.78 on Monday. The company has a market cap of $23.90 billion, a P/E ratio of 14.47, a P/E/G ratio of 3.21 and a beta of 0.39. The business has a fifty day simple moving average of $152.10 and a 200-day simple moving average of $149.28. Constellation Brands Inc has a 52 week low of $126.45 and a 52 week high of $180.41. The company has a quick ratio of 0.55, a current ratio of 1.08 and a debt-to-equity ratio of 1.16.

Constellation Brands (NYSE:STZ) last released its earnings results on Wednesday, April 8th. The company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.19. Constellation Brands had a return on equity of 26.18% and a net margin of 17.29%.The firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the prior year, the business posted $2.63 earnings per share. The firm’s revenue for the quarter was down 11.3% compared to the same quarter last year. Equities research analysts forecast that Constellation Brands Inc will post 11.9 EPS for the current year.

Constellation Brands Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Wednesday, April 29th were issued a $1.03 dividend. The ex-dividend date was Wednesday, April 29th. This is a positive change from Constellation Brands’s previous quarterly dividend of $1.02. This represents a $4.12 dividend on an annualized basis and a yield of 3.0%. Constellation Brands’s payout ratio is presently 42.96%.

About Constellation Brands

Constellation Brands, Inc is a leading producer and marketer of beer, wine and spirits, with operations spanning production, importation, marketing and distribution. The company’s beverage portfolio includes a range of premium and mainstream wines and spirits alongside major imported beer brands; in the U.S. market Constellation is widely known for its role in bringing Mexican imports such as Corona and Modelo to American consumers. Constellation supplies retail, on?premise and foodservice channels and supports its brands with national sales and marketing platforms and supply?chain capabilities.

The company traces its roots to the Canandaigua Wine Company, founded by Marvin Sands in 1945, and evolved through organic growth and acquisition into a diversified beverage company.