Constellation Brands, Inc. (NYSE:STZ) Shares Bought by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC boosted its stake in Constellation Brands, Inc. (NYSE:STZ - Free Report) by 75.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 72,133 shares of the company's stock after purchasing an additional 31,036 shares during the period. Bryn Mawr Capital Management LLC's holdings in Constellation Brands were worth $15,941,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in STZ. Compagnie Lombard Odier SCmA acquired a new stake in Constellation Brands in the 4th quarter valued at approximately $27,000. Union Bancaire Privee UBP SA acquired a new stake in Constellation Brands in the 4th quarter valued at approximately $28,000. Versant Capital Management Inc increased its holdings in Constellation Brands by 887.5% in the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company's stock valued at $35,000 after purchasing an additional 142 shares during the last quarter. Eastern Bank acquired a new stake in Constellation Brands in the 3rd quarter valued at approximately $39,000. Finally, FSA Wealth Management LLC acquired a new stake in Constellation Brands in the 3rd quarter valued at approximately $42,000. Institutional investors and hedge funds own 77.34% of the company's stock.

Insider Activity

In other Constellation Brands news, Director William T. Giles bought 1,000 shares of Constellation Brands stock in a transaction dated Friday, January 17th. The stock was acquired at an average cost of $186.39 per share, with a total value of $186,390.00. Following the completion of the acquisition, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 12.19% of the company's stock.

Constellation Brands Stock Performance

STZ traded up $3.53 on Friday, reaching $175.86. The company had a trading volume of 2,181,645 shares, compared to its average volume of 2,873,569. Constellation Brands, Inc. has a 1 year low of $160.46 and a 1 year high of $274.87. The stock has a market capitalization of $31.78 billion, a PE ratio of 47.26, a P/E/G ratio of 1.52 and a beta of 0.90. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. The stock has a 50-day moving average price of $195.56 and a 200-day moving average price of $226.30.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its quarterly earnings results on Friday, January 10th. The company reported $3.25 earnings per share 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 company had revenue of $2.46 billion during the quarter, compared to analysts' expectations of $2.53 billion. During the same period last year, the firm earned $3.19 earnings per share. Constellation Brands's revenue was down .3% on a year-over-year basis. As a group, research analysts forecast that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued a $1.01 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.30%. Constellation Brands's payout ratio is 108.60%.

Wall Street Analyst Weigh In

Several equities analysts have commented on STZ shares. JPMorgan Chase & Co. restated a "neutral" rating and issued a $203.00 price target (down previously from $262.00) on shares of Constellation Brands in a research note on Monday, January 13th. Morgan Stanley dropped their price target on shares of Constellation Brands from $280.00 to $220.00 and set an "overweight" rating for the company in a research note on Monday, January 13th. Argus downgraded shares of Constellation Brands from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Evercore ISI dropped their price target on shares of Constellation Brands from $300.00 to $250.00 and set an "outperform" rating for the company in a research note on Monday, January 13th. Finally, Needham & Company LLC restated a "buy" rating and issued a $240.00 price target on shares of Constellation Brands in a research note on Monday, January 27th. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $254.29.

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 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.