Scholtz & Company LLC Has $434,000 Position in Constellation Brands, Inc. (NYSE:STZ)

Scholtz & Company LLC lessened its holdings in Constellation Brands, Inc. (NYSE:STZ) by 3.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,688 shares of the company’s stock after selling 55 shares during the quarter. Scholtz & Company LLC’s holdings in Constellation Brands were worth $434,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in STZ. New Millennium Group LLC acquired a new position in shares of Constellation Brands in the 2nd quarter worth approximately $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Constellation Brands during the second quarter worth $29,000. Horizon Bancorp Inc. IN bought a new position in shares of Constellation Brands during the second quarter valued at $32,000. YHB Investment Advisors Inc. acquired a new stake in shares of Constellation Brands in the 1st quarter valued at $35,000. Finally, First Financial Corp IN acquired a new stake in shares of Constellation Brands in the 1st quarter valued at $35,000. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Trading Up 1.2 %

STZ opened at $251.71 on Friday. The firm has a 50 day simple moving average of $246.04 and a 200 day simple moving average of $253.77. Constellation Brands, Inc. has a fifty-two week low of $227.50 and a fifty-two week high of $274.87. The company has a market cap of $45.87 billion, a price-to-earnings ratio of 18.76, a price-to-earnings-growth ratio of 1.69 and a beta of 0.88. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.19 and a quick ratio of 0.53.

Constellation Brands (NYSE:STZ) last issued its earnings results on Wednesday, July 3rd. The company reported $3.57 EPS for the quarter, beating the consensus estimate of $3.46 by $0.11. Constellation Brands had a net margin of 22.70% and a return on equity of 23.72%. The company had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.67 billion. During the same quarter in the previous year, the company posted $2.91 EPS. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Constellation Brands, Inc. will post 13.53 earnings per share for the current year.

Constellation Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Wednesday, August 14th were issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date was Wednesday, August 14th. Constellation Brands’s dividend payout ratio (DPR) is currently 30.10%.

Insider Transactions at Constellation Brands

In related news, EVP Kaneenat Kristann Carey sold 977 shares of the stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $261.00, for a total value of $254,997.00. Following the sale, the executive vice president now directly owns 2,706 shares in the company, valued at approximately $706,266. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Constellation Brands news, EVP Kaneenat Kristann Carey sold 977 shares of the business’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $261.00, for a total value of $254,997.00. Following the completion of the transaction, the executive vice president now directly owns 2,706 shares of the company’s stock, valued at $706,266. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Daniel J. Mccarthy sold 1,854 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $252.43, for a total value of $468,005.22. Following the completion of the sale, the director now owns 3,232 shares of the company’s stock, valued at $815,853.76. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,414 shares of company stock worth $3,982,922. 12.19% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on STZ shares. BMO Capital Markets reissued an “outperform” rating and set a $315.00 price target on shares of Constellation Brands in a report on Friday, July 5th. JPMorgan Chase & Co. cut their target price on shares of Constellation Brands from $320.00 to $307.00 and set an “overweight” rating for the company in a research note on Tuesday, September 3rd. Jefferies Financial Group boosted their target price on Constellation Brands from $310.00 to $311.00 and gave the stock a “buy” rating in a report on Friday, July 5th. Morgan Stanley dropped their price target on Constellation Brands from $305.00 to $280.00 and set an “overweight” rating for the company in a report on Monday, August 26th. Finally, Barclays boosted their price objective on Constellation Brands from $287.00 to $295.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, Constellation Brands presently has a consensus rating of “Moderate Buy” and an average price target of $296.78.

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.