Allianz SE Purchases Shares of 6,696 Constellation Brands, Inc. (NYSE:STZ)

Allianz SE acquired a new position in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,696 shares of the company's stock, valued at approximately $1,471,000.

Several other institutional investors have also made changes to their positions in STZ. Mainstream Capital Management LLC bought a new position in Constellation Brands during the fourth quarter worth about $25,000. SBI Securities Co. Ltd. bought a new position in shares of Constellation Brands during the 4th quarter worth approximately $26,000. Compagnie Lombard Odier SCmA acquired a new stake in Constellation Brands in the 4th quarter valued at $27,000. Union Bancaire Privee UBP SA acquired a new stake in Constellation Brands in the 4th quarter valued at $28,000. Finally, Versant Capital Management Inc grew its position in Constellation Brands by 887.5% in the fourth quarter. Versant Capital Management Inc now owns 158 shares of the company's stock valued at $35,000 after acquiring an additional 142 shares during the period. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

STZ has been the topic of several recent analyst reports. Royal Bank of Canada reduced their target price on shares of Constellation Brands from $293.00 to $289.00 and set an "outperform" rating on the stock in a research note on Friday, March 7th. UBS Group decreased their price objective on shares of Constellation Brands from $265.00 to $223.00 and set a "buy" rating on the stock in a research note on Friday, January 17th. TD Cowen dropped their price objective on shares of Constellation Brands from $270.00 to $260.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. Roth Capital reduced their target price on Constellation Brands from $298.00 to $284.00 and set a "buy" rating on the stock in a report on Friday, January 17th. 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 report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $249.18.

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Constellation Brands Trading Up 0.8 %

Shares of Constellation Brands stock traded up $1.46 during trading on Tuesday, reaching $184.98. 1,422,917 shares of the company were exchanged, compared to its average volume of 1,627,940. The business has a 50-day moving average price of $177.18 and a 200-day moving average price of $214.02. The firm has a market capitalization of $33.43 billion, a price-to-earnings ratio of 49.73, a P/E/G ratio of 1.52 and a beta of 1.75. 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 twelve month low of $160.46 and a twelve month high of $274.87.

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

Constellation Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a dividend of $1.01 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.18%. Constellation Brands's dividend payout ratio is 108.60%.

Insider Activity

In other Constellation Brands news, Director William T. Giles acquired 1,000 shares of the company's stock in a transaction that occurred on Friday, January 17th. The shares were acquired at an average price of $186.39 per share, with a total value of $186,390.00. Following the purchase, the director now owns 1,463 shares of the company's stock, valued at $272,688.57. This represents a 215.98 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 12.19% of the stock is owned by company insiders.

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.