Adage Capital Partners GP L.L.C. Has $32.24 Million Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

Adage Capital Partners GP L.L.C. grew its stake in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 14.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 145,867 shares of the company's stock after purchasing an additional 18,000 shares during the quarter. Adage Capital Partners GP L.L.C. owned approximately 0.08% of Constellation Brands worth $32,237,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank acquired a new stake in Constellation Brands in the fourth quarter worth $445,883,000. Vanguard Group Inc. increased its holdings in shares of Constellation Brands by 13.3% in the 4th quarter. Vanguard Group Inc. now owns 15,534,787 shares of the company's stock worth $3,433,188,000 after acquiring an additional 1,821,969 shares during the period. Van ECK Associates Corp lifted its position in Constellation Brands by 1,844.7% in the 4th quarter. Van ECK Associates Corp now owns 924,274 shares of the company's stock valued at $204,265,000 after purchasing an additional 876,745 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC boosted its stake in Constellation Brands by 42.9% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 2,454,258 shares of the company's stock valued at $542,391,000 after purchasing an additional 736,780 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Constellation Brands in the 4th quarter worth about $105,766,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Constellation Brands Stock Performance

NYSE STZ traded up $0.52 on Monday, reaching $185.87. The stock had a trading volume of 1,518,965 shares, compared to its average volume of 1,711,052. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. The company has a market cap of $33.59 billion, a P/E ratio of 49.97, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. The firm has a fifty day moving average of $180.88 and a two-hundred day moving average of $204.36. Constellation Brands, Inc. has a 1-year low of $160.46 and a 1-year high of $265.70.

Constellation Brands (NYSE:STZ - Get Free Report) last released its quarterly earnings results on Wednesday, April 9th. The company reported $2.63 earnings per share for the quarter, beating analysts' consensus estimates of $2.28 by $0.35. The company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.14 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The firm's quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.26 earnings per share. On average, equities research analysts anticipate that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 29th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Tuesday, April 29th. This represents a $4.08 dividend on an annualized basis and a yield of 2.20%. This is a boost from Constellation Brands's previous quarterly dividend of $1.01. Constellation Brands's dividend payout ratio is -800.00%.

Analyst Upgrades and Downgrades

Several research firms recently commented on STZ. Evercore ISI lowered their target price on Constellation Brands from $300.00 to $250.00 and set an "outperform" rating on the stock in a research report on Monday, January 13th. BMO Capital Markets reduced their target price on shares of Constellation Brands from $260.00 to $215.00 and set an "outperform" rating for the company in a report on Friday, April 11th. UBS Group cut their price objective on Constellation Brands from $265.00 to $223.00 and set a "buy" rating on the stock in a report on Friday, January 17th. Barclays raised their target price on Constellation Brands from $203.00 to $207.00 and gave the stock an "overweight" rating in a research report on Monday, April 14th. Finally, Morgan Stanley dropped their price objective on shares of Constellation Brands from $202.00 to $195.00 and set an "equal weight" rating on the stock in a research note on Friday, April 11th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $224.42.

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.