Deutsche Bank AG Grows Stock Position in Constellation Brands, Inc. (NYSE:STZ)

Deutsche Bank AG boosted its position in Constellation Brands, Inc. (NYSE:STZ - Free Report) by 8.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 807,122 shares of the company's stock after acquiring an additional 60,008 shares during the quarter. Deutsche Bank AG owned 0.45% of Constellation Brands worth $178,374,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Mainstream Capital Management LLC acquired a new stake in Constellation Brands during the fourth quarter worth approximately $25,000. SBI Securities Co. Ltd. acquired a new stake in Constellation Brands during the fourth quarter worth approximately $26,000. Compagnie Lombard Odier SCmA acquired a new stake in Constellation Brands during the fourth quarter worth approximately $27,000. Union Bancaire Privee UBP SA acquired a new stake in Constellation Brands during the fourth quarter worth approximately $28,000. Finally, Optiver Holding B.V. acquired a new stake in Constellation Brands during the fourth quarter worth approximately $31,000. Institutional investors and hedge funds own 77.34% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on STZ shares. Argus cut shares of Constellation Brands from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. lowered their target price on shares of Constellation Brands from $203.00 to $194.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Wells Fargo & Company lowered their target price on shares of Constellation Brands from $230.00 to $210.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. The Goldman Sachs Group lowered their target price on shares of Constellation Brands from $260.00 to $225.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Finally, Roth Mkm lowered their target price on shares of Constellation Brands from $284.00 to $256.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Ten 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 presently has an average rating of "Moderate Buy" and an average target price of $225.74.

Constellation Brands Stock Performance

NYSE:STZ traded down $0.15 during midday trading on Monday, reaching $189.93. The stock had a trading volume of 1,603,873 shares, compared to its average volume of 1,734,476. The firm has a fifty day simple moving average of $183.69 and a two-hundred day simple 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 quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. The stock has a market cap of $33.81 billion, a P/E ratio of 51.06, a P/E/G 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 earnings per share for the quarter, beating analysts' consensus estimates of $2.28 by $0.35. The firm had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.14 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. Constellation Brands's quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the firm posted $2.26 EPS. On average, equities analysts expect that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Increases Dividend

The business also recently announced 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. This represents a $4.08 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Tuesday, April 29th. Constellation Brands's payout ratio is presently -800.00%.

Constellation Brands 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.