Constellation Brands, Inc. (NYSE:STZ) Shares Bought by Lido Advisors LLC

Lido Advisors LLC grew its position in Constellation Brands, Inc. (NYSE:STZ - Free Report) by 50.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 109,033 shares of the company's stock after buying an additional 36,674 shares during the period. Lido Advisors LLC owned approximately 0.06% of Constellation Brands worth $24,096,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Constellation Brands by 13.3% in the fourth quarter. Vanguard Group Inc. now owns 15,534,787 shares of the company's stock worth $3,433,188,000 after acquiring an additional 1,821,969 shares during the period. Capital World Investors boosted its holdings in shares of Constellation Brands by 3.4% in the fourth quarter. Capital World Investors now owns 9,755,602 shares of the company's stock worth $2,155,946,000 after buying an additional 324,690 shares during the last quarter. Geode Capital Management LLC grew its position in Constellation Brands by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 3,204,003 shares of the company's stock valued at $705,844,000 after buying an additional 63,323 shares during the period. Capital Research Global Investors increased its holdings in Constellation Brands by 0.6% during the fourth quarter. Capital Research Global Investors now owns 2,901,975 shares of the company's stock valued at $641,336,000 after buying an additional 18,557 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC raised its position in Constellation Brands by 42.9% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 2,454,258 shares of the company's stock worth $542,391,000 after acquiring an additional 736,780 shares during the period. Hedge funds and other institutional investors own 77.34% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Barclays lifted their price target on shares of Constellation Brands from $203.00 to $207.00 and gave the company an "overweight" rating in a report on Monday, April 14th. BMO Capital Markets lowered their target price on shares of Constellation Brands from $260.00 to $215.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. JPMorgan Chase & Co. cut their price target 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. UBS Group lowered their price objective on Constellation Brands from $265.00 to $223.00 and set a "buy" rating on the stock in a research report on Friday, January 17th. Finally, The Goldman Sachs Group cut their target price on Constellation Brands from $260.00 to $225.00 and set a "buy" rating for the company in a research report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $224.42.

Constellation Brands Stock Performance

NYSE STZ traded down $2.21 on Thursday, reaching $185.33. 1,594,382 shares of the company's stock traded hands, compared to its average volume of 1,714,566. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. Constellation Brands, Inc. has a fifty-two week low of $160.46 and a fifty-two week high of $265.70. The firm has a market cap of $33.50 billion, a price-to-earnings ratio of 49.82, a P/E/G ratio of 1.52 and a beta of 1.75. The stock has a 50 day moving average price of $181.67 and a 200-day moving average price of $203.74.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its earnings results on Wednesday, April 9th. The company reported $2.63 EPS for the quarter, beating analysts' consensus estimates of $2.28 by $0.35. The business had revenue of $2.13 billion during the quarter, compared to analysts' expectations of $2.14 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The company's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.26 earnings per share. Equities research analysts predict that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders 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 dividend yield of 2.20%. The ex-dividend date is Tuesday, April 29th. This is a positive change from Constellation Brands's previous quarterly dividend of $1.01. Constellation Brands's payout ratio is currently -800.00%.

About Constellation Brands

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.