Constellation Brands, Inc. (NYSE:STZ) Stake Raised by Fmr LLC

FMR LLC grew its stake in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 18.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,641,087 shares of the company's stock after buying an additional 253,740 shares during the period. FMR LLC owned 0.91% of Constellation Brands worth $362,680,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ilmarinen Mutual Pension Insurance Co grew its position in Constellation Brands by 12.5% during the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 13,500 shares of the company's stock valued at $2,984,000 after acquiring an additional 1,500 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of Constellation Brands by 2.3% during the 4th quarter. Russell Investments Group Ltd. now owns 69,016 shares of the company's stock worth $15,244,000 after purchasing an additional 1,520 shares during the period. Grantham Mayo Van Otterloo & Co. LLC increased its position in 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 purchasing an additional 736,780 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its holdings in Constellation Brands by 59.1% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 12,494 shares of the company's stock valued at $2,761,000 after buying an additional 4,642 shares during the period. Finally, KCM Investment Advisors LLC lifted its position in Constellation Brands by 4.8% during the fourth quarter. KCM Investment Advisors LLC now owns 3,544 shares of the company's stock valued at $783,000 after buying an additional 162 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors and hedge funds.

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Constellation Brands Stock Up 0.4 %

NYSE STZ traded up $0.73 on Wednesday, hitting $184.59. 274,399 shares of the stock traded hands, compared to its average volume of 2,843,444. 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 50-day moving average of $177.41 and a 200 day moving average of $208.04. Constellation Brands, Inc. has a twelve month low of $160.46 and a twelve month high of $265.70. The company has a market capitalization of $33.36 billion, a P/E ratio of 49.62, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75.

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

Constellation Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Tuesday, April 29th will be paid a dividend of $1.02 per share. This is a positive change from Constellation Brands's previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Tuesday, April 29th. This represents a $4.08 annualized dividend and a yield of 2.21%. Constellation Brands's dividend payout ratio is -800.00%.

Insiders Place Their Bets

In related news, Director William T. Giles bought 1,000 shares of the company's stock in a transaction on Friday, January 17th. The shares were purchased at an average cost of $186.39 per share, with a total value of $186,390.00. Following the completion of the transaction, the director now directly owns 1,463 shares of the company's stock, valued at approximately $272,688.57. This represents a 215.98 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 12.19% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

STZ has been the topic of a number of research reports. Jefferies Financial Group reissued a "hold" rating and issued a $201.00 target price (down previously from $310.00) on shares of Constellation Brands in a research note on Monday, January 13th. JPMorgan Chase & Co. reduced their price objective on Constellation Brands from $203.00 to $194.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Roth Mkm decreased their target price on Constellation Brands from $284.00 to $256.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Citigroup dropped their target price on Constellation Brands from $200.00 to $190.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Finally, Wells Fargo & Company lowered their price objective on shares of Constellation Brands from $230.00 to $210.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. Eleven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $224.42.

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.