APG Asset Management N.V. Invests $21.24 Million in Constellation Brands, Inc. (NYSE:STZ)

APG Asset Management N.V. bought a new position in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 99,500 shares of the company's stock, valued at approximately $21,236,000. APG Asset Management N.V. owned 0.06% of Constellation Brands at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Constellation Brands by 13.3% during the fourth quarter. Vanguard Group Inc. now owns 15,534,787 shares of the company's stock valued at $3,433,188,000 after buying an additional 1,821,969 shares during the period. Geode Capital Management LLC lifted its holdings in Constellation Brands by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 3,204,003 shares of the company's stock worth $705,844,000 after buying an additional 63,323 shares during the period. Grantham Mayo Van Otterloo & Co. LLC boosted its position 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 acquiring an additional 736,780 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Constellation Brands by 13.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,176,095 shares of the company's stock worth $482,919,000 after acquiring an additional 253,445 shares during the period. Finally, Norges Bank bought a new position in Constellation Brands in the fourth quarter worth $445,883,000. 77.34% of the stock is owned by institutional investors.

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Constellation Brands Stock Performance

Shares of NYSE STZ traded down $1.61 during trading on Tuesday, hitting $185.66. The company had a trading volume of 629,471 shares, compared to its average volume of 1,690,491. Constellation Brands, Inc. has a 12 month low of $160.46 and a 12 month high of $265.70. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. The firm has a market capitalization of $33.55 billion, a P/E ratio of 49.91, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. The stock has a 50 day simple moving average of $177.15 and a 200 day simple moving average of $208.21.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its quarterly earnings results on Wednesday, April 9th. The company reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.28 by $0.35. The business had revenue of $2.13 billion for 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 company's revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.26 earnings per share. As a group, analysts anticipate that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Tuesday, April 29th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.20%. This is an increase from Constellation Brands's previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Tuesday, April 29th. Constellation Brands's payout ratio is presently -792.16%.

Insider Buying and Selling

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

Analyst Ratings Changes

STZ has been the topic of a number of recent research reports. Argus cut shares of Constellation Brands from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Roth Capital reduced their price objective on Constellation Brands from $298.00 to $284.00 and set a "buy" rating for the company in a research report on Friday, January 17th. JPMorgan Chase & Co. dropped their target price on Constellation Brands from $203.00 to $194.00 and set a "neutral" rating on the stock in a report on Friday. StockNews.com upgraded Constellation Brands from a "sell" rating to a "hold" rating in a report on Wednesday, April 9th. Finally, Morgan Stanley dropped their price target 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. Eleven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $228.50.

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.