Kayne Anderson Rudnick Investment Management LLC Has $3.17 Million Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

Kayne Anderson Rudnick Investment Management LLC decreased its position in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 17.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,341 shares of the company's stock after selling 3,075 shares during the period. Kayne Anderson Rudnick Investment Management LLC's holdings in Constellation Brands were worth $3,170,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Mainstream Capital Management LLC acquired a new stake in Constellation Brands during the 4th quarter valued at $25,000. SBI Securities Co. Ltd. bought a new stake in shares of Constellation Brands during the fourth quarter worth $26,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Constellation Brands in the fourth quarter valued at $27,000. Union Bancaire Privee UBP SA bought a new position in shares of Constellation Brands in the fourth quarter valued at about $28,000. Finally, Versant Capital Management Inc lifted its position in Constellation Brands by 887.5% during the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company's stock worth $35,000 after buying an additional 142 shares in the last quarter. Institutional investors own 77.34% of the company's stock.

Constellation Brands Stock Up 0.1 %

Shares of Constellation Brands stock traded up $0.28 on Thursday, hitting $187.56. The company had a trading volume of 1,586,896 shares, compared to its average volume of 1,706,587. The stock has a 50-day moving average of $180.56 and a 200-day moving average of $205.23. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. Constellation Brands, Inc. has a twelve month low of $160.46 and a twelve month high of $265.70. The firm has a market capitalization of $33.90 billion, a P/E ratio of 50.42, a P/E/G ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its earnings results on Wednesday, April 9th. The company reported $2.63 earnings per share for the quarter, topping analysts' consensus estimates of $2.28 by $0.35. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same period in the prior year, the business earned $2.26 EPS. The company's revenue for the quarter was up 1.2% compared to the same quarter last year. Research 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 announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Tuesday, April 29th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend is Tuesday, April 29th. This is a positive change from Constellation Brands's previous quarterly dividend of $1.01. Constellation Brands's dividend payout ratio (DPR) is currently -800.00%.

Wall Street Analyst Weigh In

Several analysts have recently commented on STZ shares. Wells Fargo & Company decreased 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. Morgan Stanley lowered their target price 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. UBS Group cut their price target on Constellation Brands from $265.00 to $223.00 and set a "buy" rating on the stock in a research note on Friday, January 17th. Argus cut shares of Constellation Brands from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Finally, Jefferies Financial Group reiterated a "hold" rating and set a $201.00 target price (down previously from $310.00) on shares of Constellation Brands in a research report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $224.42.

Constellation Brands 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.