Ameriprise Financial Inc. Has $86.08 Million Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

Ameriprise Financial Inc. decreased its position in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 389,645 shares of the company's stock after selling 4,880 shares during the period. Ameriprise Financial Inc. owned 0.22% of Constellation Brands worth $86,080,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Van ECK Associates Corp grew its stake in shares of Constellation Brands by 1,844.7% in the 4th quarter. Van ECK Associates Corp now owns 924,274 shares of the company's stock valued at $204,265,000 after buying an additional 876,745 shares in the last quarter. Copperleaf Capital LLC bought a new stake in Constellation Brands in the fourth quarter worth approximately $343,000. Grimes & Company Inc. acquired a new position in shares of Constellation Brands during the 4th quarter worth $6,099,000. Empowered Funds LLC raised its holdings in shares of Constellation Brands by 62.8% during the 4th quarter. Empowered Funds LLC now owns 16,575 shares of the company's stock valued at $3,663,000 after purchasing an additional 6,391 shares in the last quarter. Finally, Southern Style Financial Inc. acquired a new stake in shares of Constellation Brands in the 4th quarter valued at $3,074,000. Hedge funds and other institutional investors own 77.34% of the company's stock.

Constellation Brands Price Performance

Shares of Constellation Brands stock traded down $1.37 during trading on Friday, hitting $190.02. 1,272,477 shares of the company's stock traded hands, compared to its average volume of 1,735,000. The company has a market cap of $33.83 billion, a PE ratio of 51.08, a PEG ratio of 1.52 and a beta of 1.75. The firm's fifty day moving average price is $183.37 and its 200 day moving average price is $200.85. Constellation Brands, Inc. has a twelve month low of $160.46 and a twelve month high of $265.70. 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 released its quarterly earnings data on Wednesday, April 9th. The company reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.28 by $0.35. The company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.14 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The company's revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.26 EPS. Analysts forecast that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Tuesday, April 29th will be issued a dividend of $1.02 per share. This is an increase from Constellation Brands's previous quarterly dividend of $1.01. This represents a $4.08 annualized dividend and a yield of 2.15%. The ex-dividend date is Tuesday, April 29th. Constellation Brands's dividend payout ratio (DPR) is currently -800.00%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Needham & Company LLC restated a "buy" rating and set a $215.00 target price on shares of Constellation Brands in a report on Thursday, April 10th. Roth Capital reduced their target price on Constellation Brands from $298.00 to $284.00 and set a "buy" rating for the company in a report on Friday, January 17th. Jefferies Financial Group reiterated a "hold" rating and set a $201.00 price target (down previously from $310.00) on shares of Constellation Brands in a report on Monday, January 13th. Evercore ISI reduced their price objective on shares of Constellation Brands from $300.00 to $250.00 and set an "outperform" rating for the company in a research note on Monday, January 13th. Finally, Wells Fargo & Company lowered their target price on shares of Constellation Brands from $230.00 to $210.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Constellation Brands has an average rating of "Moderate Buy" and an average target price of $225.74.

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.