Fox Run Management L.L.C. Purchases 3,305 Shares of Constellation Brands, Inc. (NYSE:STZ)

Fox Run Management L.L.C. grew its stake in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 126.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,914 shares of the company's stock after buying an additional 3,305 shares during the quarter. Fox Run Management L.L.C.'s holdings in Constellation Brands were worth $1,307,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Thrivent Financial for Lutherans lifted its position in Constellation Brands by 13.0% in the third quarter. Thrivent Financial for Lutherans now owns 7,341 shares of the company's stock worth $1,892,000 after purchasing an additional 845 shares during the period. Pathstone Holdings LLC boosted its stake in Constellation Brands by 7.2% during the third quarter. Pathstone Holdings LLC now owns 24,933 shares of the company's stock valued at $6,425,000 after buying an additional 1,681 shares in the last quarter. Prospera Financial Services Inc boosted its stake in Constellation Brands by 42.5% during the third quarter. Prospera Financial Services Inc now owns 3,919 shares of the company's stock valued at $1,010,000 after buying an additional 1,168 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Constellation Brands during the third quarter worth about $815,000. Finally, King Luther Capital Management Corp raised its position in Constellation Brands by 12.4% in the third quarter. King Luther Capital Management Corp now owns 1,411 shares of the company's stock worth $364,000 after acquiring an additional 156 shares in the last quarter. 77.34% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on STZ shares. Needham & Company LLC restated a "buy" rating and set a $240.00 price objective on shares of Constellation Brands in a research report on Monday, January 27th. Jefferies Financial Group restated a "hold" rating and issued a $201.00 price target (down previously from $310.00) on shares of Constellation Brands in a research report on Monday, January 13th. TD Cowen cut their price objective on Constellation Brands from $270.00 to $260.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. Evercore ISI decreased their target price on Constellation Brands from $300.00 to $250.00 and set an "outperform" rating on the stock in a report on Monday, January 13th. Finally, StockNews.com lowered Constellation Brands from a "hold" rating to a "sell" rating in a research report on Friday, March 14th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, Constellation Brands currently has an average rating of "Hold" and an average price target of $250.41.

Insider Activity

In other Constellation Brands news, Director William T. Giles acquired 1,000 shares of the firm's stock in a transaction that occurred on Friday, January 17th. The stock was purchased at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the completion of the acquisition, the director now owns 1,463 shares of the company's stock, valued at approximately $272,688.57. This trade represents a 215.98 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 12.19% of the stock is owned by insiders.

Constellation Brands Stock Down 0.5 %

Shares of NYSE:STZ traded down $0.92 during midday trading on Tuesday, hitting $179.37. 390,309 shares of the stock were exchanged, compared to its average volume of 1,572,162. The business's fifty day simple moving average is $177.22 and its two-hundred day simple moving average is $216.39. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. Constellation Brands, Inc. has a 52-week low of $160.46 and a 52-week high of $274.87. The company has a market capitalization of $32.42 billion, a PE ratio of 48.22, a P/E/G ratio of 1.52 and a beta of 0.90.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its quarterly earnings results on Friday, January 10th. The company reported $3.25 earnings per share (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 firm had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.53 billion. During the same quarter in the prior year, the firm earned $3.19 earnings per share. The firm's quarterly revenue was down .3% compared to the same quarter last year. As a group, research analysts predict that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders 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 dividend yield of 2.25%. Constellation Brands's dividend payout ratio (DPR) is 108.60%.

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.