Allspring Global Investments Holdings LLC Buys 3,660 Shares of Constellation Brands, Inc. (NYSE:STZ)

Allspring Global Investments Holdings LLC lifted its position in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 29.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,021 shares of the company's stock after acquiring an additional 3,660 shares during the period. Allspring Global Investments Holdings LLC's holdings in Constellation Brands were worth $3,566,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in shares of Constellation Brands by 181.3% in the third quarter. Blue Trust Inc. now owns 1,021 shares of the company's stock worth $263,000 after purchasing an additional 658 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in Constellation Brands by 13.1% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 4,961 shares of the company's stock worth $1,278,000 after buying an additional 573 shares in the last quarter. Eastern Bank purchased a new position in Constellation Brands in the 3rd quarter worth about $39,000. Courier Capital LLC raised its position in Constellation Brands by 7.1% in the 3rd quarter. Courier Capital LLC now owns 894 shares of the company's stock worth $230,000 after buying an additional 59 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in Constellation Brands by 23,184.7% during the 3rd quarter. International Assets Investment Management LLC now owns 499,689 shares of the company's stock valued at $128,765,000 after acquiring an additional 497,543 shares during the period. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Constellation Brands news, Director William T. Giles purchased 1,000 shares of Constellation Brands stock in a transaction that occurred on Friday, January 17th. The shares were bought at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the completion of the transaction, the director now owns 1,463 shares of the company's stock, valued at approximately $272,688.57. This trade represents a 215.98 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 12.19% of the stock is owned by company insiders.

Constellation Brands Price Performance

STZ traded up $3.67 during trading on Friday, reaching $176.00. 3,974,076 shares of the company traded hands, compared to its average volume of 2,930,950. The company has a market cap of $31.81 billion, a P/E ratio of 47.31, a PEG ratio of 1.52 and a beta of 0.90. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. Constellation Brands, Inc. has a 12-month low of $160.46 and a 12-month high of $274.87. The firm has a fifty day simple moving average of $195.56 and a 200 day simple moving average of $226.30.

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

Constellation Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a $1.01 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.30%. Constellation Brands's dividend payout ratio is currently 108.60%.

Analysts Set New Price Targets

A number of brokerages have recently commented on STZ. StockNews.com upgraded shares of Constellation Brands from a "sell" rating to a "hold" rating in a research note on Thursday, February 13th. Needham & Company LLC reaffirmed a "buy" rating and issued a $240.00 target price on shares of Constellation Brands in a research report on Monday, January 27th. UBS Group lowered their price target on Constellation Brands from $265.00 to $223.00 and set a "buy" rating on the stock in a report on Friday, January 17th. Evercore ISI dropped their price target on Constellation Brands from $300.00 to $250.00 and set an "outperform" rating on the stock in a research note on Monday, January 13th. Finally, BNP Paribas began coverage on Constellation Brands in a research report on Monday, November 25th. They set a "neutral" rating and a $261.00 price objective for the company. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $254.29.

Constellation Brands 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.