Advisor Group Inc. boosted its stake in Constellation Brands, Inc. (NYSE:STZ) by 8.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,882 shares of the company’s stock after acquiring an additional 1,383 shares during the period. Advisor Group Inc.’s holdings in Constellation Brands were worth $4,088,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in STZ. Bessemer Group Inc. raised its position in Constellation Brands by 153.1% in the fourth quarter. Bessemer Group Inc. now owns 529 shares of the company’s stock worth $121,000 after acquiring an additional 320 shares during the period. Cerebellum GP LLC bought a new stake in Constellation Brands in the fourth quarter worth about $134,000. Trustcore Financial Services LLC bought a new stake in Constellation Brands in the fourth quarter worth about $142,000. Valeo Financial Advisors LLC bought a new stake in Constellation Brands in the third quarter worth about $153,000. Finally, Calton & Associates Inc. bought a new stake in Constellation Brands in the fourth quarter worth about $153,000. 74.55% of the stock is currently owned by institutional investors and hedge funds.
STZ has been the subject of several recent research reports. Zacks Investment Research downgraded shares of Constellation Brands from a “buy” rating to a “hold” rating in a research note on Monday, December 11th. Deutsche Bank initiated coverage on shares of Constellation Brands in a research note on Wednesday, December 13th. They issued a “buy” rating and a $244.00 target price for the company. Susquehanna Bancshares set a $207.00 target price on shares of Constellation Brands and gave the stock a “hold” rating in a research note on Monday, January 1st. Macquarie lifted their target price on shares of Constellation Brands from $246.00 to $250.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 3rd. Finally, Wells Fargo & Co lifted their target price on shares of Constellation Brands from $235.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, January 4th. Six investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. Constellation Brands currently has a consensus rating of “Buy” and a consensus price target of $237.77.
Constellation Brands, Inc. (NYSE:STZ) opened at $230.15 on Tuesday. The company has a market cap of $44,600.00, a P/E ratio of 27.96, a P/E/G ratio of 1.24 and a beta of 0.14. Constellation Brands, Inc. has a 12 month low of $156.16 and a 12 month high of $231.83. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.54 and a current ratio of 1.40.
Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Friday, January 5th. The company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.87 by $0.13. The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Constellation Brands had a net margin of 22.55% and a return on equity of 22.04%. During the same quarter in the previous year, the company earned $1.96 earnings per share. equities analysts forecast that Constellation Brands, Inc. will post 8.53 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were paid a dividend of $0.52 per share. The ex-dividend date was Thursday, February 8th. This represents a $2.08 annualized dividend and a yield of 0.90%. Constellation Brands’s dividend payout ratio is currently 11.30%.
Constellation Brands declared that its Board of Directors has approved a stock repurchase plan on Friday, January 5th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.
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About Constellation Brands
Constellation Brands, Inc is an international beverage alcohol company. The Company is a producer and marketer of beer, wine and spirits with operations in the United States, Canada, Mexico, New Zealand and Italy. Its segments include Beer, Wine and Spirits, and Corporate Operations and Other. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States.
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