Harbor Investment Advisory LLC Acquires 1,678 Shares of Constellation Brands, Inc. (NYSE:STZ)

Harbor Investment Advisory LLC boosted its holdings in Constellation Brands, Inc. (NYSE:STZ) by 85.9% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,631 shares of the company’s stock after acquiring an additional 1,678 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Constellation Brands were worth $987,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Burns Matteson Capital Management LLC increased its stake in Constellation Brands by 1.7% in the 4th quarter. Burns Matteson Capital Management LLC now owns 2,499 shares of the company’s stock worth $604,000 after acquiring an additional 42 shares during the last quarter. 1620 Investment Advisors Inc. increased its position in shares of Constellation Brands by 1.8% during the 4th quarter. 1620 Investment Advisors Inc. now owns 2,352 shares of the company’s stock valued at $569,000 after purchasing an additional 42 shares during the last quarter. FAS Wealth Partners Inc. increased its position in shares of Constellation Brands by 3.5% during the 4th quarter. FAS Wealth Partners Inc. now owns 1,277 shares of the company’s stock valued at $309,000 after purchasing an additional 43 shares during the last quarter. Smithfield Trust Co increased its position in shares of Constellation Brands by 5.3% during the 4th quarter. Smithfield Trust Co now owns 854 shares of the company’s stock valued at $207,000 after purchasing an additional 43 shares during the last quarter. Finally, Copperwynd Financial LLC increased its position in shares of Constellation Brands by 1.6% during the 4th quarter. Copperwynd Financial LLC now owns 2,779 shares of the company’s stock valued at $672,000 after purchasing an additional 43 shares during the last quarter. 77.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on STZ shares. Evercore ISI increased their price objective on Constellation Brands from $300.00 to $310.00 and gave the company an “outperform” rating in a research report on Friday, April 12th. Bank of America raised their price target on Constellation Brands from $290.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Royal Bank of Canada restated an “outperform” rating and set a $308.00 price target on shares of Constellation Brands in a research report on Tuesday, May 28th. Argus upgraded Constellation Brands from a “hold” rating to a “buy” rating and set a $306.00 price target on the stock in a research report on Monday, April 15th. Finally, Barclays reduced their price target on Constellation Brands from $295.00 to $288.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 29th. Three analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat.com, Constellation Brands presently has an average rating of “Moderate Buy” and an average price target of $298.37.

Insider Buying and Selling at Constellation Brands

In other Constellation Brands news, CEO William A. Newlands sold 4,013 shares of Constellation Brands stock in a transaction on Friday, April 19th. The stock was sold at an average price of $263.25, for a total transaction of $1,056,422.25. Following the completion of the transaction, the chief executive officer now owns 5,395 shares in the company, valued at $1,420,233.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Constellation Brands news, CEO William A. Newlands sold 25,000 shares of Constellation Brands stock in a transaction on Friday, May 10th. The stock was sold at an average price of $261.54, for a total value of $6,538,500.00. Following the completion of the sale, the chief executive officer now owns 14,700 shares of the company’s stock, valued at approximately $3,844,638. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO William A. Newlands sold 4,013 shares of Constellation Brands stock in a transaction on Friday, April 19th. The stock was sold at an average price of $263.25, for a total value of $1,056,422.25. Following the completion of the sale, the chief executive officer now directly owns 5,395 shares of the company’s stock, valued at approximately $1,420,233.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 48,031 shares of company stock worth $12,582,321. 12.19% of the stock is owned by insiders.

Constellation Brands Trading Up 0.6 %

STZ opened at $265.13 on Tuesday. The stock has a market cap of $48.51 billion, a PE ratio of 28.27, a PEG ratio of 1.75 and a beta of 0.89. The company has a quick ratio of 0.53, a current ratio of 1.19 and a debt-to-equity ratio of 1.06. The business has a 50 day moving average of $255.31 and a 200-day moving average of $253.14. Constellation Brands, Inc. has a 52 week low of $227.50 and a 52 week high of $274.87.

Constellation Brands (NYSE:STZ) last released its earnings results on Thursday, April 11th. The company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.16. The company had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Constellation Brands had a return on equity of 23.06% and a net margin of 16.13%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.98 EPS. Equities research analysts predict that Constellation Brands, Inc. will post 13.66 earnings per share for the current fiscal year.

Constellation Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Friday, May 3rd were paid a dividend of $1.01 per share. This is a boost from Constellation Brands’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend was Thursday, May 2nd. This represents a $4.04 dividend on an annualized basis and a yield of 1.52%. Constellation Brands’s payout ratio is presently 43.07%.

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.