DnB Asset Management AS Acquires 2,968 Shares of Constellation Brands, Inc. (NYSE:STZ)

DnB Asset Management AS raised its position in Constellation Brands, Inc. (NYSE:STZ - Free Report) by 8.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,173 shares of the company's stock after acquiring an additional 2,968 shares during the quarter. DnB Asset Management AS's holdings in Constellation Brands were worth $7,994,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mainstream Capital Management LLC bought a new position in shares of Constellation Brands in the 4th quarter worth approximately $25,000. SBI Securities Co. Ltd. purchased a new stake in Constellation Brands during the fourth quarter valued at approximately $26,000. Compagnie Lombard Odier SCmA bought a new position in Constellation Brands in the fourth quarter worth approximately $27,000. Union Bancaire Privee UBP SA purchased a new position in shares of Constellation Brands during the 4th quarter worth $28,000. Finally, Versant Capital Management Inc grew its position in shares of Constellation Brands by 887.5% during the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company's stock valued at $35,000 after acquiring an additional 142 shares during the period. 77.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Constellation Brands

In other news, Director William T. Giles acquired 1,000 shares of the company's stock in a transaction on Friday, January 17th. The stock was bought at an average cost of $186.39 per share, with a total value of $186,390.00. Following the completion of the purchase, the director now directly owns 1,463 shares of the company's stock, valued at $272,688.57. This represents a 215.98 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 12.19% of the company's stock.

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Constellation Brands Price Performance

Shares of NYSE STZ traded up $1.46 during midday trading on Tuesday, reaching $184.98. 1,422,917 shares of the stock traded hands, compared to its average volume of 1,627,940. The company's 50 day moving average is $177.18 and its 200 day moving average is $214.02. Constellation Brands, Inc. has a one year low of $160.46 and a one year high of $274.87. 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 stock has a market capitalization of $33.43 billion, a PE ratio of 49.73, a P/E/G ratio of 1.52 and a beta of 1.75.

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

Constellation Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a dividend of $1.01 per share. The ex-dividend date was Friday, February 7th. This represents a $4.04 annualized dividend and a yield of 2.18%. Constellation Brands's payout ratio is currently 108.60%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on STZ shares. Roth Capital decreased 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. Wells Fargo & Company lowered 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 shares of Constellation Brands from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Jefferies Financial Group restated a "hold" rating and set a $201.00 target price (down previously from $310.00) on shares of Constellation Brands in a research note on Monday, January 13th. Finally, Needham & Company LLC dropped their price target on shares of Constellation Brands from $240.00 to $215.00 and set a "buy" rating for the company in a research report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, Constellation Brands has an average rating of "Hold" and a consensus target price of $249.18.

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.