Constellation Brands, Inc. (NYSE:STZ) Shares Bought by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH lifted its stake in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 3.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 221,190 shares of the company's stock after buying an additional 6,926 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned approximately 0.12% of Constellation Brands worth $40,593,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in STZ. Mainstream Capital Management LLC purchased a new position in Constellation Brands in the fourth quarter valued at $25,000. SBI Securities Co. Ltd. purchased a new position in shares of Constellation Brands in the 4th quarter valued at about $26,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Constellation Brands during the 4th quarter worth about $27,000. Union Bancaire Privee UBP SA acquired a new stake in shares of Constellation Brands during the 4th quarter worth about $28,000. Finally, Minot DeBlois Advisors LLC acquired a new stake in shares of Constellation Brands during the 4th quarter worth about $29,000. 77.34% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Constellation Brands news, EVP Samuel J. Glaetzer sold 3,150 shares of the business'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 sale, the executive vice president now directly owns 3,126 shares in the company, valued at approximately $589,376.04. The trade was a 50.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 12.19% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. BMO Capital Markets cut their target price on Constellation Brands from $260.00 to $215.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Citigroup cut their target price on Constellation Brands from $200.00 to $190.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Needham & Company LLC reissued a "buy" rating and set a $215.00 target price on shares of Constellation Brands in a research report on Thursday, April 10th. Wells Fargo & Company cut their target price on Constellation Brands from $230.00 to $210.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Finally, The Goldman Sachs Group cut their price target on Constellation Brands from $260.00 to $225.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Eleven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $220.00.

Constellation Brands Price Performance

Shares of Constellation Brands stock traded up $0.71 during trading on Thursday, reaching $169.75. The company's stock had a trading volume of 1,825,662 shares, compared to its average volume of 1,808,829. 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, Inc. has a 12-month low of $160.46 and a 12-month high of $265.70. The company has a market capitalization of $30.22 billion, a P/E ratio of 45.63, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. The business has a 50 day moving average price of $183.39 and a 200-day moving average price of $192.27.

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

Constellation Brands Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Tuesday, April 29th were given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.40%. This is an increase from Constellation Brands's previous quarterly dividend of $1.01. The ex-dividend date was Tuesday, April 29th. Constellation Brands's 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.