Constellation Brands, Inc. (NYSE:STZ) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC raised its position in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 3.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,048 shares of the company's stock after buying an additional 4,594 shares during the quarter. Cerity Partners LLC owned about 0.07% of Constellation Brands worth $28,761,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Van ECK Associates Corp grew its holdings in shares of Constellation Brands by 1,844.7% in the fourth 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 in the last quarter. Copperleaf Capital LLC bought a new position in Constellation Brands during the fourth quarter valued at $343,000. Grimes & Company Inc. purchased a new position in shares of Constellation Brands in the 4th quarter worth $6,099,000. Empowered Funds LLC increased its holdings in shares of Constellation Brands by 62.8% in the 4th quarter. Empowered Funds LLC now owns 16,575 shares of the company's stock worth $3,663,000 after buying an additional 6,391 shares during the last quarter. Finally, Southern Style Financial Inc. purchased a new stake in shares of Constellation Brands during the 4th quarter valued at about $3,074,000. Institutional investors own 77.34% of the company's stock.

Analyst Ratings Changes

STZ has been the subject of several recent research reports. The Goldman Sachs Group dropped their price target on Constellation Brands from $260.00 to $225.00 and set a "buy" rating for the company in a research report on Friday. Wells Fargo & Company cut their target price on Constellation Brands from $230.00 to $210.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Needham & Company LLC restated a "buy" rating and issued a $215.00 price target on shares of Constellation Brands in a research report on Thursday. Royal Bank of Canada cut their price objective on shares of Constellation Brands from $289.00 to $233.00 and set an "outperform" rating on the stock in a research report on Monday. Finally, Morgan Stanley lowered their target price on shares of Constellation Brands from $202.00 to $195.00 and set an "equal weight" rating for the company in a report on Friday. Eleven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Constellation Brands currently has an average rating of "Hold" and an average target price of $228.50.

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Insiders Place Their Bets

In other news, Director William T. Giles purchased 1,000 shares of the stock in a transaction dated Friday, January 17th. The shares were acquired 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 of the company's stock, valued at approximately $272,688.57. This represents a 215.98 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.19% of the stock is currently owned by corporate insiders.

Constellation Brands Stock Up 1.2 %

Shares of NYSE STZ traded up $2.28 during midday trading on Monday, reaching $187.91. 426,722 shares of the company's stock traded hands, compared to its average volume of 1,688,366. The company has a market cap of $33.96 billion, a price-to-earnings ratio of 50.51, a P/E/G ratio of 1.52 and a beta of 1.75. The stock's 50 day simple moving average is $176.86 and its 200-day simple moving average is $208.70. 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 one year low of $160.46 and a one year high of $265.70.

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

Constellation Brands Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 29th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.17%. The ex-dividend date is Tuesday, April 29th. This is a positive change from Constellation Brands's previous quarterly dividend of $1.01. Constellation Brands's payout ratio is -792.16%.

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.