Wisconsin Capital Management LLC Raises Stake in Constellation Brands, Inc. (NYSE:STZ)
Wisconsin Capital Management LLC increased its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 0.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,044 shares of the company’s stock after buying an additional 50 shares during the period. Constellation Brands comprises approximately 2.3% of Wisconsin Capital Management LLC’s holdings, making the stock its 23rd biggest holding. Wisconsin Capital Management LLC’s holdings in Constellation Brands were worth $2,638,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in STZ. Versant Capital Management Inc raised its stake in Constellation Brands by 210.9% in the first quarter. Versant Capital Management Inc now owns 143 shares of the company’s stock valued at $25,000 after purchasing an additional 97 shares in the last quarter. Mosaic Family Wealth LLC bought a new stake in shares of Constellation Brands during the first quarter worth about $27,000. Bay Harbor Wealth Management LLC bought a new stake in shares of Constellation Brands during the first quarter worth about $33,000. Global Retirement Partners LLC grew its holdings in shares of Constellation Brands by 74.4% during the first quarter. Global Retirement Partners LLC now owns 211 shares of the company’s stock worth $37,000 after purchasing an additional 90 shares during the last quarter. Finally, Johnson Financial Group Inc. boosted its holdings in Constellation Brands by 62.5% in the fourth quarter. Johnson Financial Group Inc. now owns 260 shares of the company’s stock valued at $42,000 after acquiring an additional 100 shares during the last quarter. 70.84% of the stock is currently owned by hedge funds and other institutional investors.
In related news, VP Thomas Michael Kane sold 3,071 shares of Constellation Brands stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $190.08, for a total value of $583,735.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David Eric Klein sold 25,980 shares of Constellation Brands stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $198.66, for a total value of $5,161,186.80. Following the completion of the sale, the executive vice president now owns 69,852 shares in the company, valued at $13,876,798.32. The disclosure for this sale can be found here. Insiders have sold a total of 80,921 shares of company stock valued at $16,404,441 in the last quarter. Company insiders own 15.86% of the company’s stock.
STZ traded down $1.71 during trading on Friday, hitting $187.63. 724,121 shares of the stock were exchanged, compared to its average volume of 1,909,789. The company has a market capitalization of $35.90 billion, a P/E ratio of 20.22, a PEG ratio of 2.55 and a beta of 0.68. Constellation Brands, Inc. has a 1 year low of $150.37 and a 1 year high of $234.26. The company has a quick ratio of 0.49, a current ratio of 1.16 and a debt-to-equity ratio of 0.92.
Constellation Brands (NYSE:STZ) last announced its earnings results on Thursday, April 4th. The company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.12. The business had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.73 billion. Constellation Brands had a return on equity of 15.63% and a net margin of 38.67%. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.90 EPS. Equities analysts anticipate that Constellation Brands, Inc. will post 8.56 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.60%. This is a positive change from Constellation Brands’s previous quarterly dividend of $0.74. Constellation Brands’s dividend payout ratio (DPR) is presently 32.33%.
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Constellation Brands Profile
Constellation Brands, Inc, together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. It provides beer primarily under the Corona Extra, Corona Light, Corona Premier, Corona Familiar Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Four Corners, and Ballast Point brands.
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