Axa S.A. Has $3 Million Holdings in Constellation Brands, Inc. (NYSE:STZ)

Axa S.A. boosted its stake in Constellation Brands, Inc. (NYSE:STZ - Free Report) by 266.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,551 shares of the company's stock after acquiring an additional 9,854 shares during the quarter. Axa S.A.'s holdings in Constellation Brands were worth $2,995,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in STZ. Norges Bank bought a new position in shares of Constellation Brands during the 4th quarter worth approximately $445,883,000. Vanguard Group Inc. grew its stake in Constellation Brands by 13.3% in the fourth quarter. Vanguard Group Inc. now owns 15,534,787 shares of the company's stock valued at $3,433,188,000 after purchasing an additional 1,821,969 shares in the last quarter. D1 Capital Partners L.P. increased its position in shares of Constellation Brands by 186.6% during the 4th quarter. D1 Capital Partners L.P. now owns 1,527,689 shares of the company's stock worth $337,619,000 after purchasing an additional 994,639 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Constellation Brands by 1,844.7% during the 4th quarter. Van ECK Associates Corp now owns 924,274 shares of the company's stock worth $204,265,000 after purchasing an additional 876,745 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in shares of Constellation Brands by 42.9% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 2,454,258 shares of the company's stock valued at $542,391,000 after buying an additional 736,780 shares during the last quarter. 77.34% of the stock is owned by institutional investors.

Constellation Brands Stock Up 1.4 %

NYSE STZ opened at $189.67 on Thursday. The company has a market cap of $33.76 billion, a price-to-earnings ratio of 50.99, a PEG ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a 1-year low of $160.46 and a 1-year high of $265.70. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. The company has a 50 day moving average of $182.70 and a 200-day moving average of $201.82.

Constellation Brands (NYSE:STZ - Get Free Report) last released its earnings results on Wednesday, April 9th. The company reported $2.63 earnings per share for the quarter, beating analysts' consensus estimates of $2.28 by $0.35. The firm 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 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. On average, equities research analysts expect that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Tuesday, April 29th will be given a $1.02 dividend. The ex-dividend date is Tuesday, April 29th. This is a boost from Constellation Brands's previous quarterly dividend of $1.01. This represents a $4.08 annualized dividend and a dividend yield of 2.15%. Constellation Brands's payout ratio is presently -800.00%.

Analysts Set New Price Targets

STZ has been the topic of several analyst reports. UBS Group dropped their price target on shares of Constellation Brands from $265.00 to $223.00 and set a "buy" rating on the stock in a research report on Friday, January 17th. 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 report on Monday, January 13th. Royal Bank of Canada reduced their price target on Constellation Brands from $289.00 to $233.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Citigroup dropped their price objective on Constellation Brands from $200.00 to $190.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Finally, Roth Mkm reduced their target price on Constellation Brands from $284.00 to $256.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, Constellation Brands currently has a consensus rating of "Hold" and a consensus price target of $225.74.

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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