Tower Research Capital LLC TRC Boosts Stake in Constellation Brands, Inc. (NYSE:STZ)

Tower Research Capital LLC TRC lifted its stake in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 96.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 10,366 shares of the company's stock after acquiring an additional 5,092 shares during the period. Tower Research Capital LLC TRC's holdings in Constellation Brands were worth $2,291,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Mainstream Capital Management LLC bought a new stake in Constellation Brands during the fourth quarter worth about $25,000. SBI Securities Co. Ltd. bought a new stake in Constellation Brands in the 4th quarter worth approximately $26,000. Compagnie Lombard Odier SCmA purchased a new stake in Constellation Brands in the fourth quarter worth approximately $27,000. Union Bancaire Privee UBP SA bought a new position in Constellation Brands during the fourth quarter valued at approximately $28,000. Finally, Versant Capital Management Inc raised its stake in shares of Constellation Brands by 887.5% during the fourth quarter. Versant Capital Management Inc now owns 158 shares of the company's stock worth $35,000 after acquiring an additional 142 shares in the last quarter. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on STZ shares. Roth Mkm reduced their target price on shares of Constellation Brands from $284.00 to $256.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Needham & Company LLC reaffirmed a "buy" rating and set a $215.00 price objective on shares of Constellation Brands in a research note on Thursday, April 10th. UBS Group lowered their target price on Constellation Brands from $265.00 to $223.00 and set a "buy" rating for the company in a research note on Friday, January 17th. StockNews.com lowered Constellation Brands from a "hold" rating to a "sell" rating in a research report on Thursday, April 17th. Finally, Wells Fargo & Company lowered their price objective on Constellation Brands from $230.00 to $210.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. One equities research 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $224.42.

Constellation Brands Trading Down 0.1 %

STZ opened at $187.00 on Wednesday. The stock has a market cap of $33.80 billion, a PE ratio of 50.27, a PEG ratio of 1.52 and a beta of 1.75. The business has a 50 day moving average of $179.57 and a 200-day moving average of $205.74. Constellation Brands, Inc. has a 52 week low of $160.46 and a 52 week high of $265.70. 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 announced its earnings results on Wednesday, April 9th. The company reported $2.63 EPS for the quarter, beating analysts' consensus estimates of $2.28 by $0.35. The firm had revenue of $2.13 billion for the quarter, compared to analysts' expectations of $2.14 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The company's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.26 EPS. Equities research analysts predict that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Tuesday, April 29th will be paid a $1.02 dividend. The ex-dividend date is Tuesday, April 29th. This represents a $4.08 annualized dividend and a dividend yield of 2.18%. This is an increase from Constellation Brands's previous quarterly dividend of $1.01. Constellation Brands's dividend payout ratio is presently -800.00%.

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.

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