Elo Mutual Pension Insurance Co Boosts Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

Elo Mutual Pension Insurance Co grew its holdings in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 14.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,494 shares of the company's stock after acquiring an additional 2,020 shares during the quarter. Elo Mutual Pension Insurance Co's holdings in Constellation Brands were worth $3,645,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Allworth Financial LP increased its stake in Constellation Brands by 0.8% in the 4th quarter. Allworth Financial LP now owns 7,357 shares of the company's stock worth $1,626,000 after purchasing an additional 59 shares during the period. BSW Wealth Partners grew its holdings in shares of Constellation Brands by 4.2% in the fourth quarter. BSW Wealth Partners now owns 1,563 shares of the company's stock worth $345,000 after purchasing an additional 63 shares during the last quarter. Philip James Wealth Mangement LLC increased its stake in shares of Constellation Brands by 8.0% in the fourth quarter. Philip James Wealth Mangement LLC now owns 923 shares of the company's stock worth $204,000 after buying an additional 68 shares during the period. Oak Asset Management LLC raised its holdings in Constellation Brands by 0.4% during the 4th quarter. Oak Asset Management LLC now owns 17,611 shares of the company's stock valued at $3,892,000 after buying an additional 71 shares during the last quarter. Finally, Barden Capital Management Inc. boosted its position in Constellation Brands by 1.3% during the 4th quarter. Barden Capital Management Inc. now owns 5,574 shares of the company's stock valued at $1,232,000 after buying an additional 72 shares during the period. 77.34% of the stock is currently owned by institutional investors.

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Insider Activity at Constellation Brands

In other Constellation Brands news, Director William T. Giles bought 1,000 shares of the business's stock in a transaction that occurred on Friday, January 17th. The stock was purchased 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 $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 hyperlink. 12.19% of the stock is owned by company insiders.

Constellation Brands Stock Performance

Constellation Brands stock traded up $0.34 during midday trading on Tuesday, reaching $183.86. 668,260 shares of the company traded hands, compared to its average volume of 1,625,077. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. Constellation Brands, Inc. has a 12 month low of $160.46 and a 12 month high of $274.87. The firm has a market capitalization of $33.23 billion, a price-to-earnings ratio of 49.47, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. The business has a 50 day moving average of $177.18 and a two-hundred day moving average of $214.02.

Constellation Brands (NYSE:STZ - Get Free Report) last released its quarterly earnings results on Friday, January 10th. The company reported $3.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.33 by ($0.08). The firm had revenue of $2.46 billion during the quarter, compared to analysts' expectations of $2.53 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The business's quarterly revenue was down .3% on a year-over-year basis. During the same quarter last year, the business earned $3.19 earnings per share. As a group, research analysts predict that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on STZ shares. UBS Group lowered their price objective on shares of Constellation Brands from $265.00 to $223.00 and set a "buy" rating for the company in a research note on Friday, January 17th. Citigroup lowered Constellation Brands from a "buy" rating to a "neutral" rating and lowered their price target for the company from $260.00 to $200.00 in a research report on Thursday, March 20th. Wells Fargo & Company cut their price objective on Constellation Brands from $295.00 to $275.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 7th. Argus lowered Constellation Brands from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Finally, Jefferies Financial Group restated a "hold" rating and issued a $201.00 price objective (down from $310.00) on shares of Constellation Brands in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, Constellation Brands presently has an average rating of "Hold" and a consensus target price of $249.18.

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.