Voya Investment Management LLC Raises Stock Position in Constellation Brands, Inc. (NYSE:STZ)

Voya Investment Management LLC raised its holdings in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 5.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 400,615 shares of the company's stock after acquiring an additional 19,541 shares during the period. Voya Investment Management LLC owned about 0.22% of Constellation Brands worth $88,471,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

STZ has been the topic of several analyst reports. Jefferies Financial Group reaffirmed a "hold" rating and issued a $201.00 target price (down from $310.00) on shares of Constellation Brands in a research note on Monday, January 13th. The Goldman Sachs Group decreased their price objective on shares of Constellation Brands from $260.00 to $225.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. TD Cowen lowered their price objective on shares of Constellation Brands from $270.00 to $260.00 and set a "hold" rating for the company in a research note on Wednesday, January 8th. Roth Mkm reduced their price target on Constellation Brands from $284.00 to $256.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Finally, StockNews.com cut Constellation Brands from a "hold" rating to a "sell" rating in a report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $224.42.

Constellation Brands Stock Up 0.3 %

Shares of NYSE STZ traded up $0.52 during trading hours on Monday, hitting $185.87. 1,518,965 shares of the stock were exchanged, compared to its average volume of 1,711,052. The company has a market cap of $33.59 billion, a PE ratio of 49.97, a PEG ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a 12 month low of $160.46 and a 12 month 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. The firm has a fifty day moving average price of $180.88 and a 200-day moving average price of $204.36.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its quarterly earnings results on Wednesday, April 9th. The company reported $2.63 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.35. The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.14 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The company's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the company earned $2.26 earnings per share. On average, sell-side analysts expect that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 29th will be given a dividend of $1.02 per share. The ex-dividend date is Tuesday, April 29th. This represents a $4.08 dividend on an annualized basis and a yield of 2.20%. This is a boost from Constellation Brands's previous quarterly dividend of $1.01. Constellation Brands's payout ratio is currently -800.00%.

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.