Constellation Brands Inc (NYSE:STZ) Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. grew its position in Constellation Brands Inc (NYSE:STZ - Free Report) by 7.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 67,191 shares of the company's stock after purchasing an additional 4,418 shares during the period. Asset Management One Co. Ltd.'s holdings in Constellation Brands were worth $12,331,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of STZ. Brighton Jones LLC increased its holdings in shares of Constellation Brands by 23.0% in the fourth quarter. Brighton Jones LLC now owns 1,001 shares of the company's stock valued at $221,000 after purchasing an additional 187 shares during the period. Bank Pictet & Cie Europe AG grew its holdings in Constellation Brands by 39.7% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 6,096 shares of the company's stock worth $1,347,000 after acquiring an additional 1,733 shares during the period. Checchi Capital Advisers LLC grew its holdings in Constellation Brands by 10.2% during the fourth quarter. Checchi Capital Advisers LLC now owns 2,235 shares of the company's stock worth $494,000 after acquiring an additional 207 shares during the period. Whipplewood Advisors LLC acquired a new stake in Constellation Brands during the fourth quarter worth about $36,000. Finally, Heritage Investors Management Corp grew its holdings in Constellation Brands by 7.7% during the fourth quarter. Heritage Investors Management Corp now owns 128,316 shares of the company's stock worth $28,358,000 after acquiring an additional 9,218 shares during the period. 77.34% of the stock is owned by institutional investors and hedge funds.

Constellation Brands Stock Performance

Shares of Constellation Brands stock opened at $161.37 on Friday. Constellation Brands Inc has a one year low of $159.35 and a one year high of $264.45. The company has a market cap of $28.73 billion, a price-to-earnings ratio of -316.41, a PEG ratio of 8.93 and a beta of 0.70. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.56 and a current ratio of 0.92. The business's 50 day moving average price is $179.35 and its 200 day moving average price is $186.52.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its quarterly earnings data on Wednesday, April 9th. The company reported $2.63 EPS for the quarter, topping analysts' consensus estimates of $2.28 by $0.35. Constellation Brands had a positive return on equity of 29.56% and a negative net margin of 0.74%. The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter last year, the business posted $2.26 earnings per share. The firm's revenue was up 1.2% compared to the same quarter last year. On average, research analysts predict that Constellation Brands Inc will post 13.5 EPS for the current year.

Constellation Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Tuesday, April 29th were given a dividend of $1.02 per share. This is an increase from Constellation Brands's previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Tuesday, April 29th. This represents a $4.08 dividend on an annualized basis and a yield of 2.53%. Constellation Brands's dividend payout ratio (DPR) is presently -800.00%.

Wall Street Analyst Weigh In

Several analysts recently commented on STZ shares. Bank of America dropped their target price on Constellation Brands from $195.00 to $180.00 and set a "neutral" rating on the stock in a report on Wednesday, June 18th. Roth Mkm dropped their price objective on Constellation Brands from $284.00 to $256.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Barclays set a $202.00 price objective on Constellation Brands and gave the company an "overweight" rating in a report on Thursday. Royal Bank Of Canada dropped their price objective on Constellation Brands from $289.00 to $233.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Finally, Wall Street Zen raised Constellation Brands from a "sell" rating to a "hold" rating in a report on Tuesday, May 20th. Eleven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $211.91.

Insider Buying and Selling

In other Constellation Brands news, EVP Samuel J. Glaetzer sold 3,150 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $188.54, for a total transaction of $593,901.00. Following the completion of the sale, the executive vice president now owns 3,126 shares of the company's stock, valued at $589,376.04. This trade represents a 50.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 12.45% of the stock is currently owned by company insiders.

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.

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