Constellation Brands, Inc. (NYSE:STZ) Shares Bought by Fayez Sarofim & Co

Fayez Sarofim & Co boosted its holdings in Constellation Brands, Inc. (NYSE:STZ - Free Report) by 22.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,390 shares of the company's stock after purchasing an additional 2,850 shares during the quarter. Fayez Sarofim & Co's holdings in Constellation Brands were worth $3,401,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of STZ. Vanguard Group Inc. increased its position in Constellation Brands by 13.3% in the 4th quarter. Vanguard Group Inc. now owns 15,534,787 shares of the company's stock valued at $3,433,188,000 after acquiring an additional 1,821,969 shares during the period. Capital World Investors increased its holdings in shares of Constellation Brands by 3.4% in the fourth quarter. Capital World Investors now owns 9,755,602 shares of the company's stock valued at $2,155,946,000 after purchasing an additional 324,690 shares during the period. Geode Capital Management LLC raised its stake in shares of Constellation Brands by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 3,204,003 shares of the company's stock worth $705,844,000 after purchasing an additional 63,323 shares during the last quarter. Capital Research Global Investors raised its stake in shares of Constellation Brands by 0.6% during the fourth quarter. Capital Research Global Investors now owns 2,901,975 shares of the company's stock worth $641,336,000 after purchasing an additional 18,557 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in shares of Constellation Brands by 42.9% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 2,454,258 shares of the company's stock worth $542,391,000 after purchasing an additional 736,780 shares during the period. Institutional investors and hedge funds own 77.34% of the company's stock.

Analyst Upgrades and Downgrades

STZ has been the topic of a number of recent analyst reports. UBS Group dropped their price target on shares of Constellation Brands from $265.00 to $223.00 and set a "buy" rating on the stock in a research note on Friday, January 17th. TD Cowen dropped their target price on Constellation Brands from $270.00 to $260.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. JPMorgan Chase & Co. reduced their price target on Constellation Brands from $203.00 to $194.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Wells Fargo & Company dropped their price objective on Constellation Brands from $230.00 to $210.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Finally, Roth Mkm reduced their target price on Constellation Brands from $284.00 to $256.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $224.42.

Constellation Brands Price Performance

Shares of NYSE:STZ traded down $2.14 on Friday, hitting $185.36. The company had a trading volume of 1,054,280 shares, compared to its average volume of 1,707,775. The company has a market cap of $33.50 billion, a PE ratio of 49.83, a PEG ratio of 1.52 and a beta of 1.75. The business has a 50 day moving average of $180.88 and a 200 day moving average of $204.85. Constellation Brands, Inc. has a 52-week low of $160.46 and a 52-week high of $265.70. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26.

Constellation Brands (NYSE:STZ - Get Free Report) last released its earnings results on Wednesday, April 9th. The company reported $2.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.28 by $0.35. The company had revenue of $2.13 billion for 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%. The firm's quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.26 EPS. As a group, equities analysts anticipate that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 29th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Tuesday, April 29th. This represents a $4.08 dividend on an annualized basis and a yield of 2.20%. This is an increase from Constellation Brands's previous quarterly dividend of $1.01. Constellation Brands's dividend payout ratio (DPR) is currently -800.00%.

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.