Bokf Na Trims Stake in Constellation Brands, Inc. (NYSE:STZ)

BOKF NA lowered its stake in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 33.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,237 shares of the company's stock after selling 6,569 shares during the quarter. BOKF NA's holdings in Constellation Brands were worth $2,925,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mainstream Capital Management LLC bought a new position in shares of Constellation Brands during the 4th quarter worth approximately $25,000. SBI Securities Co. Ltd. bought a new stake in Constellation Brands during the fourth quarter worth $26,000. Compagnie Lombard Odier SCmA purchased a new position in Constellation Brands in the fourth quarter worth $27,000. Union Bancaire Privee UBP SA purchased a new position in Constellation Brands in the fourth quarter worth $28,000. Finally, Optiver Holding B.V. bought a new position in Constellation Brands in the 4th quarter valued at $31,000. 77.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on STZ shares. Jefferies Financial Group reissued a "hold" rating and issued a $201.00 price target (down from $310.00) on shares of Constellation Brands in a report on Monday, January 13th. Royal Bank of Canada reduced their target price 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. Barclays raised their price target on shares of Constellation Brands from $203.00 to $207.00 and gave the stock an "overweight" rating in a research note on Monday, April 14th. Morgan Stanley dropped their price objective on Constellation Brands from $202.00 to $195.00 and set an "equal weight" rating on the stock in a research note on Friday, April 11th. Finally, JPMorgan Chase & Co. decreased their target price on Constellation Brands from $203.00 to $194.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $225.74.

Constellation Brands Trading Down 0.7 %

Shares of NYSE:STZ traded down $1.37 during trading on Friday, reaching $190.02. 1,272,477 shares of the company traded hands, compared to its average volume of 1,735,000. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. Constellation Brands, Inc. has a 52-week low of $160.46 and a 52-week high of $265.70. The firm has a market capitalization of $33.83 billion, a price-to-earnings ratio of 51.08, a P/E/G ratio of 1.52 and a beta of 1.75. The business's fifty day moving average is $183.37 and its 200-day moving average is $200.85.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its quarterly earnings results 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. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The business had revenue of $2.13 billion during the quarter, compared to analysts' expectations of $2.14 billion. During the same quarter in the prior year, the company posted $2.26 EPS. The firm's revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, analysts forecast that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Increases Dividend

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