Tufton Capital Management Has $431,000 Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

Tufton Capital Management boosted its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 3.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,783 shares of the company’s stock after buying an additional 63 shares during the quarter. Tufton Capital Management’s holdings in Constellation Brands were worth $431,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Impact Partnership Wealth LLC raised its stake in Constellation Brands by 1,175.0% in the third quarter. Impact Partnership Wealth LLC now owns 102 shares of the company’s stock valued at $26,000 after buying an additional 94 shares during the period. BKM Wealth Management LLC bought a new stake in Constellation Brands in the fourth quarter valued at approximately $28,000. Asset Dedication LLC increased its stake in shares of Constellation Brands by 3,833.3% during the third quarter. Asset Dedication LLC now owns 118 shares of the company’s stock worth $30,000 after purchasing an additional 115 shares during the period. Resurgent Financial Advisors LLC bought a new position in shares of Constellation Brands during the fourth quarter worth approximately $34,000. Finally, Turtle Creek Wealth Advisors LLC bought a new position in shares of Constellation Brands during the fourth quarter worth approximately $37,000. 77.34% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Constellation Brands

In other news, 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 approximately $5,512,503.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 16.19% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on STZ. BMO Capital Markets increased their target price on Constellation Brands from $290.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, April 12th. JPMorgan Chase & Co. lowered their target price on Constellation Brands from $309.00 to $301.00 and set an “overweight” rating on the stock in a research note on Thursday, December 21st. Piper Sandler began coverage on Constellation Brands in a research report on Friday, March 22nd. They set an “overweight” rating and a $300.00 price target on the stock. Argus raised 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. Finally, Barclays increased their price target on Constellation Brands from $294.00 to $295.00 and gave the stock an “overweight” rating in a research report on Monday. Three research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, Constellation Brands has an average rating of “Moderate Buy” and an average target price of $298.55.

Constellation Brands Trading Up 0.6 %

NYSE:STZ traded up $1.58 during trading hours on Thursday, hitting $258.89. 348,987 shares of the company were exchanged, compared to its average volume of 1,262,932. The stock has a market capitalization of $47.33 billion, a price-to-earnings ratio of 27.43, a price-to-earnings-growth ratio of 1.74 and a beta of 0.97. The company has a current ratio of 1.19, a quick ratio of 0.53 and a debt-to-equity ratio of 1.06. Constellation Brands, Inc. has a one year low of $221.81 and a one year high of $274.87. The company has a fifty day simple moving average of $257.51 and a 200 day simple moving average of $247.13.

Constellation Brands (NYSE:STZ) last announced its earnings results on Thursday, April 11th. The company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.16. The business had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.09 billion. Constellation Brands had a return on equity of 23.06% and a net margin of 16.13%. Constellation Brands’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the company earned $1.98 EPS. Sell-side analysts expect that Constellation Brands, Inc. will post 13.51 EPS for the current fiscal year.

Constellation Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be given a $1.01 dividend. The ex-dividend date is Thursday, May 2nd. This is a positive change from Constellation Brands’s previous quarterly dividend of $0.89. This represents a $4.04 annualized dividend and a dividend yield of 1.56%. Constellation Brands’s dividend payout ratio (DPR) is 37.95%.

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