Umpqua Bank Has $289,000 Stake in Constellation Brands, Inc. (NYSE:STZ)

Umpqua Bank increased its stake in Constellation Brands, Inc. (NYSE:STZ) by 4.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,124 shares of the company’s stock after purchasing an additional 49 shares during the period. Umpqua Bank’s holdings in Constellation Brands were worth $289,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC grew its holdings in shares of Constellation Brands by 3.5% during the fourth quarter. International Assets Investment Management LLC now owns 2,345 shares of the company’s stock worth $567,000 after buying an additional 79 shares in the last quarter. Lincoln National Corp grew its stake in shares of Constellation Brands by 9.2% during the 4th quarter. Lincoln National Corp now owns 2,802 shares of the company’s stock worth $678,000 after acquiring an additional 237 shares in the last quarter. Apollon Wealth Management LLC grew its stake in shares of Constellation Brands by 68.5% during the 4th quarter. Apollon Wealth Management LLC now owns 3,150 shares of the company’s stock worth $762,000 after acquiring an additional 1,281 shares in the last quarter. Principal Securities Inc. acquired a new stake in shares of Constellation Brands in the fourth quarter valued at approximately $414,000. Finally, Calton & Associates Inc. acquired a new position in Constellation Brands during the fourth quarter worth $205,000. Institutional investors own 77.34% of the company’s stock.

Insider Activity

In related news, CFO Garth Hankinson sold 13,583 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $240.00, for a total value of $3,259,920.00. Following the completion of the transaction, the chief financial officer now owns 11,702 shares of the company’s stock, valued at $2,808,480. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO Garth Hankinson sold 13,583 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $240.00, for a total transaction of $3,259,920.00. Following the sale, the chief financial officer now owns 11,702 shares in the company, valued at approximately $2,808,480. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel J. Mccarthy sold 1,854 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $252.43, for a total transaction of $468,005.22. Following the transaction, 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 three months, insiders sold 16,414 shares of company stock worth $3,982,922. 12.19% of the stock is currently owned by company insiders.

Constellation Brands Stock Up 0.3 %

STZ opened at $249.01 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.53 and a current ratio of 1.19. The stock has a fifty day moving average of $246.35 and a 200-day moving average of $253.71. 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 capitalization of $45.56 billion, a P/E ratio of 18.56, a P/E/G ratio of 1.59 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last announced its earnings results on Wednesday, July 3rd. The company reported $3.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.46 by $0.11. Constellation Brands had a net margin of 22.70% and a return on equity of 23.72%. The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same quarter in the prior year, the business posted $2.91 EPS. The business’s revenue was up 5.8% compared to the same quarter last year. On average, equities analysts expect that Constellation Brands, Inc. will post 13.54 EPS for the current year.

Constellation Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Wednesday, August 14th were issued a $1.01 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $4.04 annualized dividend and a yield of 1.62%. Constellation Brands’s dividend payout ratio is presently 30.10%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. lowered their price target on shares of Constellation Brands from $320.00 to $307.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 3rd. Royal Bank of Canada reiterated an “outperform” rating and set a $308.00 target price on shares of Constellation Brands in a report on Tuesday, September 3rd. UBS Group raised their price target on Constellation Brands from $315.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, July 5th. BMO Capital Markets reissued an “outperform” rating and issued a $315.00 price objective on shares of Constellation Brands in a report on Friday, July 5th. Finally, Roth Mkm dropped their price target on shares of Constellation Brands from $303.00 to $298.00 and set a “buy” rating on the stock in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $298.17.

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.