Constellation Brands, Inc. (NYSE:STZ) Shares Purchased by Mizuho Securities USA LLC

Mizuho Securities USA LLC grew its holdings in Constellation Brands, Inc. (NYSE:STZ - Free Report) by 45.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,797 shares of the company's stock after purchasing an additional 4,637 shares during the period. Mizuho Securities USA LLC's holdings in Constellation Brands were worth $3,270,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Van ECK Associates Corp raised its holdings in shares of Constellation Brands by 1,844.7% during the fourth quarter. Van ECK Associates Corp now owns 924,274 shares of the company's stock valued at $204,265,000 after purchasing an additional 876,745 shares during the last quarter. Raymond James Financial Inc. bought a new position in Constellation Brands in the fourth quarter valued at about $105,766,000. State Street Corp boosted its position in Constellation Brands by 6.0% in the third quarter. State Street Corp now owns 7,144,428 shares of the company's stock worth $1,841,048,000 after purchasing an additional 402,211 shares during the last quarter. Amundi grew its position in Constellation Brands by 54.9% during the fourth quarter. Amundi now owns 453,180 shares of the company's stock valued at $99,373,000 after buying an additional 160,563 shares during the period. Finally, OFI Invest Asset Management bought a new stake in shares of Constellation Brands during the 4th quarter valued at $31,656,000. Hedge funds and other institutional investors own 77.34% of the company's stock.

Insider Buying and Selling

In other Constellation Brands news, Director William T. Giles acquired 1,000 shares of the business's stock in a transaction dated Friday, January 17th. The shares were purchased at an average price of $186.39 per share, for a total transaction 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. The trade was a 215.98 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 12.19% of the company's stock.

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Constellation Brands Stock Down 1.0 %

Shares of Constellation Brands stock traded down $1.74 during trading on Tuesday, reaching $178.54. The company's stock had a trading volume of 566,993 shares, compared to its average volume of 1,572,162. The company has a 50-day simple moving average of $177.22 and a two-hundred day simple moving average of $216.39. Constellation Brands, Inc. has a 1-year low of $160.46 and a 1-year high of $274.87. The company has a market cap of $32.27 billion, a price-to-earnings ratio of 48.01, a P/E/G ratio of 1.52 and a beta of 0.90. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its quarterly earnings results on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing analysts' consensus estimates of $3.33 by ($0.08). The business had revenue of $2.46 billion for the quarter, compared to analysts' expectations of $2.53 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. Constellation Brands's revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.19 EPS. As a group, equities analysts forecast that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $1.01 per share. The ex-dividend date was Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a yield of 2.26%. Constellation Brands's dividend payout ratio is currently 108.60%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. 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. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $203.00 price target (down previously from $262.00) on shares of Constellation Brands in a report on Monday, January 13th. Royal Bank of Canada decreased their price target on Constellation Brands from $293.00 to $289.00 and set an "outperform" rating on the stock in a report on Friday, March 7th. Argus lowered Constellation Brands from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Finally, Citigroup downgraded Constellation Brands from a "buy" rating to a "neutral" rating and decreased their target price for the company from $260.00 to $200.00 in a research note on Thursday, March 20th. One research 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. According to data from MarketBeat, Constellation Brands presently has an average rating of "Hold" and a consensus price target of $250.41.

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.