Commerce Bank Has $33.44 Million Stake in Constellation Brands, Inc. (NYSE:STZ)

Commerce Bank cut its position in Constellation Brands, Inc. (NYSE:STZ - Free Report) by 8.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 151,310 shares of the company's stock after selling 14,140 shares during the period. Commerce Bank owned about 0.08% of Constellation Brands worth $33,440,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Constellation Brands by 13.3% during the fourth quarter. Vanguard Group Inc. now owns 15,534,787 shares of the company's stock worth $3,433,188,000 after buying an additional 1,821,969 shares during the period. Geode Capital Management LLC boosted its position in Constellation Brands by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 3,204,003 shares of the company's stock worth $705,844,000 after acquiring an additional 63,323 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC grew its stake in shares of Constellation Brands by 42.9% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 2,454,258 shares of the company's stock worth $542,391,000 after acquiring an additional 736,780 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Constellation Brands by 13.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,176,095 shares of the company's stock valued at $482,919,000 after purchasing an additional 253,445 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Constellation Brands in the fourth quarter worth $445,883,000. 77.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on STZ shares. Wells Fargo & Company lowered their price target on shares of Constellation Brands from $230.00 to $210.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. UBS Group dropped their target price on Constellation Brands from $265.00 to $223.00 and set a "buy" rating on the stock in a report on Friday, January 17th. Morgan Stanley decreased their price target on Constellation Brands from $202.00 to $195.00 and set an "equal weight" rating for the company in a research note on Friday, April 11th. Citigroup dropped their price objective on Constellation Brands from $200.00 to $190.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Finally, Roth Mkm decreased their target price on shares of Constellation Brands from $284.00 to $256.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $224.42.

Constellation Brands Stock Performance

Constellation Brands stock traded down $0.89 during midday trading on Thursday, hitting $186.39. The company's stock had a trading volume of 769,346 shares, compared to its average volume of 2,781,291. The company has a market cap of $33.69 billion, a price-to-earnings ratio of 50.11, a PEG ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a 1-year low of $160.46 and a 1-year high of $265.70. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. The company has a 50-day moving average price of $180.06 and a two-hundred day moving average price of $205.62.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its quarterly earnings results on Wednesday, April 9th. The company reported $2.63 EPS for the quarter, topping analysts' consensus estimates of $2.28 by $0.35. The company 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%. Constellation Brands's revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the business earned $2.26 earnings per share. As a group, sell-side analysts predict that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 29th will be given a dividend of $1.02 per share. This is an increase from Constellation Brands's previous quarterly dividend of $1.01. This represents a $4.08 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Tuesday, April 29th. Constellation Brands's payout ratio 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.