Constellation Brands, Inc. (NYSE:STZ) Shares Purchased by Bank of Montreal Can

Bank of Montreal Can lifted its position in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 0.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 308,956 shares of the company's stock after purchasing an additional 1,797 shares during the quarter. Bank of Montreal Can owned 0.17% of Constellation Brands worth $68,279,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of analysts have recently commented on the company. Morgan Stanley cut their price objective on Constellation Brands from $202.00 to $195.00 and set an "equal weight" rating for the company in a research report on Friday. Jefferies Financial Group reissued 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 reaffirmed a "buy" rating and set a $215.00 price objective on shares of Constellation Brands in a report on Thursday. TD Cowen dropped their target price on shares of Constellation Brands from $270.00 to $260.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. Finally, Evercore ISI reduced their price target on shares of Constellation Brands from $300.00 to $250.00 and set an "outperform" rating for the company in a research report on Monday, January 13th. Eleven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $231.10.

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Constellation Brands Trading Up 0.5 %

Shares of STZ traded up $0.88 during mid-day trading on Friday, reaching $185.63. The stock had a trading volume of 3,758,949 shares, compared to its average volume of 1,692,985. 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 business's fifty day moving average is $176.86 and its 200 day moving average is $209.03. Constellation Brands, Inc. has a 52-week low of $160.46 and a 52-week high of $270.18. The firm has a market cap of $33.55 billion, a price-to-earnings ratio of 49.90, a P/E/G ratio of 1.52 and a beta of 1.75.

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

Constellation Brands Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 29th will be given a $1.02 dividend. 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 an increase from Constellation Brands's previous quarterly dividend of $1.01. Constellation Brands's payout ratio is currently -792.16%.

Insider Activity

In related news, Director William T. Giles acquired 1,000 shares of the firm's stock in a transaction dated Friday, January 17th. The shares were purchased at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the acquisition, the director now owns 1,463 shares in the company, valued at $272,688.57. The trade was a 215.98 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 12.19% of the company's stock.

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.