Royal London Asset Management Ltd. Acquires 1,854 Shares of Constellation Brands, Inc. (NYSE:STZ)

Royal London Asset Management Ltd. boosted its position in Constellation Brands, Inc. (NYSE:STZ - Free Report) by 2.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,954 shares of the company's stock after purchasing an additional 1,854 shares during the quarter. Royal London Asset Management Ltd.'s holdings in Constellation Brands were worth $15,681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Allworth Financial LP increased its holdings in shares of Constellation Brands by 0.8% in the fourth quarter. Allworth Financial LP now owns 7,357 shares of the company's stock worth $1,626,000 after purchasing an additional 59 shares during the period. BSW Wealth Partners increased its stake in Constellation Brands by 4.2% in the 4th quarter. BSW Wealth Partners now owns 1,563 shares of the company's stock worth $345,000 after acquiring an additional 63 shares during the last quarter. Philip James Wealth Mangement LLC raised its holdings in shares of Constellation Brands by 8.0% in the 4th quarter. Philip James Wealth Mangement LLC now owns 923 shares of the company's stock valued at $204,000 after acquiring an additional 68 shares in the last quarter. Oak Asset Management LLC boosted its position in shares of Constellation Brands by 0.4% during the 4th quarter. Oak Asset Management LLC now owns 17,611 shares of the company's stock valued at $3,892,000 after acquiring an additional 71 shares during the last quarter. Finally, Hartford Funds Management Co LLC grew its holdings in shares of Constellation Brands by 4.2% during the third quarter. Hartford Funds Management Co LLC now owns 1,797 shares of the company's stock worth $463,000 after purchasing an additional 72 shares in the last quarter. 77.34% of the stock is owned by institutional investors.

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Constellation Brands Trading Down 0.2 %

STZ traded down $0.43 during midday trading on Tuesday, reaching $179.85. 249,552 shares of the company's stock traded hands, compared to its average volume of 1,572,162. The stock has a market capitalization of $32.50 billion, a price-to-earnings ratio of 48.35, a P/E/G ratio of 1.52 and a beta of 0.90. Constellation Brands, Inc. has a 52 week low of $160.46 and a 52 week high of $274.87. The firm has a fifty day moving average of $177.22 and a two-hundred day moving average of $216.39. 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 (NYSE:STZ - Get Free Report) last announced its quarterly earnings results on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing analysts' consensus estimates of $3.33 by ($0.08). The business had revenue of $2.46 billion during 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%. The business's revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the business earned $3.19 EPS. On average, equities analysts anticipate that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 2.25%. The ex-dividend date was Friday, February 7th. Constellation Brands's dividend payout ratio is currently 108.60%.

Insider Buying and Selling

In other news, Director William T. Giles bought 1,000 shares of Constellation Brands stock in a transaction on 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 acquisition, the director now owns 1,463 shares of the company's stock, valued at approximately $272,688.57. The trade was a 215.98 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 12.19% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a "buy" rating and issued a $240.00 target price on shares of Constellation Brands in a research note on Monday, January 27th. UBS Group lowered their price target on Constellation Brands from $265.00 to $223.00 and set a "buy" rating on the stock in a research report on Friday, January 17th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $203.00 price objective (down from $262.00) on shares of Constellation Brands in a report on Monday, January 13th. Evercore ISI reduced their price objective on Constellation Brands from $300.00 to $250.00 and set an "outperform" rating on the stock in a research report on Monday, January 13th. Finally, StockNews.com downgraded 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 issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price 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.