BLI Banque de Luxembourg Investments Makes New Investment in Constellation Brands, Inc. (NYSE:STZ)

BLI Banque de Luxembourg Investments purchased a new stake in Constellation Brands, Inc. (NYSE:STZ - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 211,170 shares of the company's stock, valued at approximately $46,412,000. Constellation Brands comprises about 1.3% of BLI Banque de Luxembourg Investments' portfolio, making the stock its 28th largest holding. BLI Banque de Luxembourg Investments owned 0.12% of Constellation Brands at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of STZ. Mainstream Capital Management LLC purchased a new stake in shares of Constellation Brands in the 4th quarter worth $25,000. SBI Securities Co. Ltd. purchased a new position in shares of Constellation Brands in the fourth quarter worth $26,000. Compagnie Lombard Odier SCmA acquired a new stake in Constellation Brands during the 4th quarter worth about $27,000. Union Bancaire Privee UBP SA purchased a new stake in Constellation Brands in the fourth quarter valued at approximately $28,000. Finally, Optiver Holding B.V. acquired a new stake in shares of Constellation Brands in the fourth quarter worth $31,000. Institutional investors own 77.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on STZ shares. Royal Bank of Canada decreased their price objective on shares of Constellation Brands from $289.00 to $233.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. UBS Group dropped their target price on Constellation Brands from $265.00 to $223.00 and set a "buy" rating for the company in a report on Friday, January 17th. TD Cowen lowered their price target on shares of Constellation Brands from $270.00 to $260.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. StockNews.com cut shares of Constellation Brands from a "hold" rating to a "sell" rating in a research report on Thursday, April 17th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Constellation Brands from $203.00 to $194.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Constellation Brands currently has a consensus rating of "Hold" and an average target price of $225.74.

Constellation Brands Stock Up 1.4 %

Constellation Brands stock traded up $2.60 during mid-day trading on Wednesday, reaching $189.67. 1,313,617 shares of the company's stock were exchanged, compared to its average volume of 1,722,666. 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, Inc. has a twelve month low of $160.46 and a twelve month high of $265.70. The company has a market cap of $33.76 billion, a P/E ratio of 50.99, a P/E/G ratio of 1.52 and a beta of 1.75. The company has a fifty day moving average of $182.42 and a 200-day moving average of $201.90.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its quarterly earnings data on Wednesday, April 9th. The company reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.35. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The business had revenue of $2.13 billion for the quarter, compared to analysts' expectations of $2.14 billion. During the same period last year, the firm earned $2.26 earnings per share. The company's revenue for the quarter was up 1.2% compared to the same quarter last year. 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 issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.15%. The ex-dividend date is Tuesday, April 29th. This is a boost from Constellation Brands's previous quarterly dividend of $1.01. Constellation Brands's payout ratio is -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.