DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Acquires 2,015 Shares of Constellation Brands, Inc. (NYSE:STZ)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 76,929 shares of the company's stock after purchasing an additional 2,015 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in Constellation Brands were worth $17,001,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of STZ. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Constellation Brands by 66.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 369,966 shares of the company's stock valued at $81,762,000 after purchasing an additional 147,457 shares during the last quarter. Jacobs & Co. CA grew its holdings in Constellation Brands by 4.2% in the 4th quarter. Jacobs & Co. CA now owns 39,189 shares of the company's stock valued at $8,660,000 after buying an additional 1,564 shares during the last quarter. Czech National Bank raised its position in shares of Constellation Brands by 6.1% during the fourth quarter. Czech National Bank now owns 33,851 shares of the company's stock valued at $7,481,000 after buying an additional 1,933 shares during the last quarter. Crescent Sterling Ltd. lifted its position in Constellation Brands by 28.1% in the fourth quarter. Crescent Sterling Ltd. now owns 5,747 shares of the company's stock worth $1,270,000 after purchasing an additional 1,259 shares during the period. Finally, Brookstone Capital Management boosted its holdings in Constellation Brands by 5.8% during the fourth quarter. Brookstone Capital Management now owns 16,654 shares of the company's stock valued at $3,681,000 after purchasing an additional 920 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Piper Sandler cut shares of Constellation Brands from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $245.00 to $200.00 in a research report on Monday, February 3rd. JPMorgan Chase & Co. decreased their price target on Constellation Brands from $203.00 to $194.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Citigroup reduced their target price on shares of Constellation Brands from $200.00 to $190.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. UBS Group lowered their target price on shares of Constellation Brands from $265.00 to $223.00 and set a "buy" rating for the company in a report on Friday, January 17th. Finally, StockNews.com upgraded Constellation Brands from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $225.74.

Constellation Brands Stock Down 0.8%

STZ traded down $1.61 during trading hours on Tuesday, hitting $188.29. 1,392,180 shares of the company's stock were exchanged, compared to its average volume of 1,733,112. The stock has a market cap of $33.52 billion, a price-to-earnings ratio of 50.62, a PEG ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a 1-year low of $160.46 and a 1-year high of $265.70. The stock's 50-day moving average is $183.69 and its two-hundred day moving average is $200.23. 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 (NYSE:STZ - Get Free Report) last announced its quarterly earnings data 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 return on equity of 26.55% and a net margin of 6.27%. The company had revenue of $2.13 billion during the quarter, compared to analysts' expectations of $2.14 billion. During the same quarter last year, the company earned $2.26 EPS. Constellation Brands's revenue for the quarter was up 1.2% compared to the same quarter last year. Sell-side analysts predict that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Tuesday, April 29th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.17%. This is an increase from Constellation Brands's previous quarterly dividend of $1.01. The ex-dividend date is Tuesday, April 29th. Constellation Brands's payout ratio is presently -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.