Rockefeller Capital Management L.P. Has $21.77 Million Position in Constellation Brands, Inc. (NYSE:STZ)

Rockefeller Capital Management L.P. decreased its holdings in Constellation Brands, Inc. (NYSE:STZ - Free Report) by 5.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 98,498 shares of the company's stock after selling 5,808 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.05% of Constellation Brands worth $21,774,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of STZ. Vanguard Group Inc. boosted its stake in shares of Constellation Brands by 13.3% during the 4th quarter. Vanguard Group Inc. now owns 15,534,787 shares of the company's stock valued at $3,433,188,000 after buying an additional 1,821,969 shares during the last quarter. Geode Capital Management LLC grew its holdings 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 in the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its position in shares of Constellation Brands by 42.9% in 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 purchasing an additional 736,780 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Constellation Brands by 13.2% in the 4th 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 in the last quarter. Finally, Norges Bank acquired a new position in Constellation Brands in the fourth quarter worth about $445,883,000. Institutional investors and hedge funds own 77.34% of the company's stock.

Constellation Brands Price Performance

STZ stock traded up $3.55 on Friday, hitting $186.58. 1,295,276 shares of the company's stock traded hands, compared to its average volume of 1,693,797. The stock has a market cap of $33.72 billion, a price-to-earnings ratio of 50.16, a P/E/G 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 current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. The stock has a fifty day moving average of $178.56 and a 200-day moving average of $206.29.

Constellation Brands (NYSE:STZ - Get Free Report) last released its quarterly earnings data on Wednesday, April 9th. The company reported $2.63 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.35. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.14 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The company's revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company posted $2.26 EPS. On average, analysts forecast that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 29th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.19%. This is a boost from Constellation Brands's previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Tuesday, April 29th. Constellation Brands's dividend payout ratio (DPR) is presently -800.00%.

Analysts Set New Price Targets

A number of research analysts have commented on STZ shares. Roth Capital reduced their target price on Constellation Brands from $298.00 to $284.00 and set a "buy" rating on the stock in a report on Friday, January 17th. Citigroup dropped their target price on shares of Constellation Brands from $200.00 to $190.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Argus downgraded shares of Constellation Brands from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Evercore ISI decreased their target price on Constellation Brands from $300.00 to $250.00 and set an "outperform" rating for the company in a research note on Monday, January 13th. Finally, Wells Fargo & Company cut their price target on Constellation Brands from $230.00 to $210.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Constellation Brands presently has a consensus rating of "Hold" and a consensus price target of $224.42.

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.