Capital Analysts LLC Acquires 1,876 Shares of Constellation Brands, Inc. (NYSE:STZ)

Capital Analysts LLC lifted its holdings in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 15.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 13,752 shares of the company's stock after purchasing an additional 1,876 shares during the period. Capital Analysts LLC's holdings in Constellation Brands were worth $3,039,000 as of its most recent filing with the SEC.

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

Constellation Brands Trading Down 1.1 %

NYSE STZ opened at $185.36 on Friday. The stock's fifty day moving average price is $180.88 and its 200-day moving average price is $204.60. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. The stock has a market cap of $33.50 billion, a P/E ratio of 49.83, a P/E/G ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a 12 month low of $160.46 and a 12 month high of $265.70.

Constellation Brands (NYSE:STZ - Get Free Report) last released its quarterly earnings data 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 business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.14 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. Constellation Brands's revenue was up 1.2% compared to the same quarter last year. During the same period last year, the business earned $2.26 EPS. As a group, equities analysts forecast that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Increases Dividend

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

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Argus downgraded shares of Constellation Brands from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Needham & Company LLC reaffirmed a "buy" rating and set a $215.00 price objective on shares of Constellation Brands in a research note on Thursday, April 10th. Royal Bank of Canada cut their target price on Constellation Brands from $289.00 to $233.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Evercore ISI lowered their price target on Constellation Brands from $300.00 to $250.00 and set an "outperform" rating for the company in a research report on Monday, January 13th. Finally, The Goldman Sachs Group dropped their price objective on Constellation Brands from $260.00 to $225.00 and set a "buy" rating for the company in a report on Friday, April 11th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, Constellation Brands has an average 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.

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