Mitsubishi UFJ Asset Management Co. Ltd. Has $482.92 Million Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Constellation Brands, Inc. (NYSE:STZ - Free Report) by 13.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,176,095 shares of the company's stock after purchasing an additional 253,445 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 1.20% of Constellation Brands worth $482,919,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Thrivent Financial for Lutherans boosted its position in Constellation Brands by 13.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 7,341 shares of the company's stock worth $1,892,000 after acquiring an additional 845 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Constellation Brands by 10.4% in the third quarter. Daiwa Securities Group Inc. now owns 19,678 shares of the company's stock worth $5,071,000 after purchasing an additional 1,854 shares in the last quarter. Truvestments Capital LLC acquired a new position in Constellation Brands during the third quarter worth $60,000. D.A. Davidson & CO. grew its position in Constellation Brands by 11.2% in the third quarter. D.A. Davidson & CO. now owns 57,087 shares of the company's stock valued at $14,711,000 after purchasing an additional 5,747 shares in the last quarter. Finally, Cadence Bank increased its stake in Constellation Brands by 1.0% in the 3rd quarter. Cadence Bank now owns 36,388 shares of the company's stock valued at $9,377,000 after buying an additional 354 shares during the last quarter. 77.34% of the stock is currently owned by institutional investors.

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Insiders Place Their Bets

In related news, Director William T. Giles bought 1,000 shares of Constellation Brands stock in a transaction dated Friday, January 17th. The shares were bought at an average cost of $186.39 per share, with a total value of $186,390.00. Following the acquisition, the director now owns 1,463 shares in the company, valued at $272,688.57. This trade represents a 215.98 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 12.19% of the company's stock.

Constellation Brands Stock Performance

STZ stock traded down $0.00 during trading hours on Monday, hitting $183.74. 355,069 shares of the stock were exchanged, compared to its average volume of 1,623,066. Constellation Brands, Inc. has a 12 month low of $160.46 and a 12 month high of $274.87. 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 firm has a market capitalization of $33.21 billion, a P/E ratio of 49.40, a P/E/G ratio of 1.52 and a beta of 1.75. The company has a 50-day simple moving average of $177.19 and a two-hundred day simple moving average of $214.50.

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

Constellation Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend was Friday, February 7th. Constellation Brands's dividend payout ratio (DPR) is currently 108.60%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Jefferies Financial Group restated a "hold" rating and set a $201.00 price objective (down from $310.00) on shares of Constellation Brands in a research note on Monday, January 13th. StockNews.com downgraded Constellation Brands from a "hold" rating to a "sell" rating in a research note on Friday, March 14th. Roth Capital dropped their price objective on Constellation Brands from $298.00 to $284.00 and set a "buy" rating on the stock in a research note on Friday, January 17th. Needham & Company LLC decreased their target price on shares of Constellation Brands from $240.00 to $215.00 and set a "buy" rating for the company in a research note on Thursday. Finally, JPMorgan Chase & Co. reaffirmed 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 given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $249.18.

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.