Cary Street Partners Financial LLC Acquires New Stake in Constellation Brands, Inc. (NYSE:STZ)

Cary Street Partners Financial LLC purchased a new position in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 1,544 shares of the company's stock, valued at approximately $341,000.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Constellation Brands by 13.3% during the 4th 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. Capital World Investors lifted its stake in Constellation Brands by 3.4% in the fourth quarter. Capital World Investors now owns 9,755,602 shares of the company's stock valued at $2,155,946,000 after buying an additional 324,690 shares during the period. Berkshire Hathaway Inc bought a new position in shares of Constellation Brands during the 4th quarter worth approximately $1,242,976,000. Geode Capital Management LLC grew its position in shares of Constellation Brands by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 3,204,003 shares of the company's stock worth $705,844,000 after buying an additional 63,323 shares during the period. Finally, Capital Research Global Investors increased its stake in shares of Constellation Brands by 0.6% in the 4th quarter. Capital Research Global Investors now owns 2,901,975 shares of the company's stock valued at $641,336,000 after acquiring an additional 18,557 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Constellation Brands Stock Down 0.1%

Shares of NYSE STZ traded down $0.15 during trading on Monday, hitting $189.93. The stock had a trading volume of 1,603,873 shares, compared to its average volume of 1,734,476. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. The firm has a fifty day moving average of $183.69 and a two-hundred day moving average of $200.23. Constellation Brands, Inc. has a 12 month low of $160.46 and a 12 month high of $265.70. The company has a market capitalization of $33.81 billion, a PE ratio of 51.06, a PEG ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ - Get Free Report) last posted its quarterly earnings data on Wednesday, April 9th. The company reported $2.63 EPS for the quarter, beating the consensus estimate of $2.28 by $0.35. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same quarter last year, the business posted $2.26 EPS. The company's revenue for the quarter was up 1.2% on a year-over-year basis. As a group, equities research analysts forecast that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 29th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date is Tuesday, April 29th. This is an increase from Constellation Brands's previous quarterly dividend of $1.01. Constellation Brands's dividend payout ratio is -800.00%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Roth Capital cut their target price on shares of Constellation Brands from $298.00 to $284.00 and set a "buy" rating on the stock in a research note on Friday, January 17th. Citigroup cut their price objective on shares of Constellation Brands from $200.00 to $190.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. JPMorgan Chase & Co. reduced their target price on Constellation Brands from $203.00 to $194.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Argus downgraded Constellation Brands from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Finally, Wells Fargo & Company cut their price target on Constellation Brands from $230.00 to $210.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Constellation Brands has an average rating of "Moderate Buy" and an average 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.