Madison Investment Advisors LLC Invests $9.59 Million in Constellation Brands, Inc. (NYSE:STZ)

Madison Investment Advisors LLC bought a new stake in Constellation Brands, Inc. (NYSE:STZ - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 43,400 shares of the company's stock, valued at approximately $9,591,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tredje AP fonden lifted its stake in shares of Constellation Brands by 51.7% during the 4th quarter. Tredje AP fonden now owns 134,376 shares of the company's stock worth $29,697,000 after purchasing an additional 45,800 shares during the period. EverSource Wealth Advisors LLC lifted its position in Constellation Brands by 8.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,216 shares of the company's stock worth $490,000 after buying an additional 169 shares during the period. Sequoia Financial Advisors LLC lifted its position in Constellation Brands by 13.2% during the fourth quarter. Sequoia Financial Advisors LLC now owns 5,615 shares of the company's stock worth $1,241,000 after buying an additional 654 shares during the period. PFG Advisors boosted its stake in Constellation Brands by 12.4% in the 4th quarter. PFG Advisors now owns 1,882 shares of the company's stock worth $416,000 after buying an additional 208 shares during the last quarter. Finally, Wealthfront Advisers LLC grew its holdings in Constellation Brands by 547.1% in the 4th quarter. Wealthfront Advisers LLC now owns 20,080 shares of the company's stock valued at $4,438,000 after buying an additional 16,977 shares during the period. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling at Constellation Brands

In related news, Director William T. Giles bought 1,000 shares of the stock in a transaction dated Friday, January 17th. The stock was bought 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 $272,688.57. This trade represents a 215.98 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.19% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on STZ. UBS Group cut their price objective on shares of Constellation Brands from $265.00 to $223.00 and set a "buy" rating on the stock in a report on Friday, January 17th. Jefferies Financial Group reiterated a "hold" rating and issued a $201.00 price target (down previously from $310.00) on shares of Constellation Brands in a report on Monday, January 13th. Needham & Company LLC restated a "buy" rating and set a $240.00 price objective on shares of Constellation Brands in a report on Monday, January 27th. TD Cowen reduced their target price on Constellation Brands from $270.00 to $260.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and set a $203.00 price target (down from $262.00) on shares of Constellation Brands in a research note on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Constellation Brands currently has a consensus rating of "Hold" and a consensus target price of $250.41.

Constellation Brands Stock Down 0.3 %

Shares of Constellation Brands stock traded down $0.52 on Tuesday, hitting $179.76. 190,572 shares of the company's stock traded hands, compared to its average volume of 1,572,162. The stock has a market cap of $32.49 billion, a P/E ratio of 48.31, a PEG 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. Constellation Brands, Inc. has a 52-week low of $160.46 and a 52-week high of $274.87. The firm's 50-day moving average is $177.22 and its 200 day moving average is $216.39.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its quarterly earnings data on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing the consensus estimate of $3.33 by ($0.08). Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The firm had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.53 billion. During the same period in the prior year, the firm earned $3.19 earnings per share. The firm's quarterly revenue was down .3% compared to the same quarter last year. Equities analysts anticipate that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend was Friday, February 7th. Constellation Brands's dividend payout ratio is presently 108.60%.

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 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.