Tidal Investments LLC Acquires 6,926 Shares of Constellation Brands, Inc. (NYSE:STZ)

Tidal Investments LLC increased its position in Constellation Brands, Inc. (NYSE:STZ - Free Report) by 81.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,466 shares of the company's stock after buying an additional 6,926 shares during the period. Tidal Investments LLC's holdings in Constellation Brands were worth $3,418,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Merit Financial Group LLC increased its position in Constellation Brands by 132.9% during the fourth quarter. Merit Financial Group LLC now owns 2,271 shares of the company's stock worth $502,000 after purchasing an additional 1,296 shares during the last quarter. Arkadios Wealth Advisors boosted its stake in shares of Constellation Brands by 7.1% in the fourth quarter. Arkadios Wealth Advisors now owns 2,530 shares of the company's stock valued at $559,000 after purchasing an additional 167 shares during the period. Ameritas Advisory Services LLC boosted its stake in Constellation Brands by 2.3% during the 4th quarter. Ameritas Advisory Services LLC now owns 5,928 shares of the company's stock valued at $1,310,000 after acquiring an additional 134 shares during the last quarter. Ballentine Partners LLC boosted its stake in Constellation Brands by 12.8% during the 4th quarter. Ballentine Partners LLC now owns 2,891 shares of the company's stock valued at $639,000 after acquiring an additional 327 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Constellation Brands by 9.9% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 214,264 shares of the company's stock worth $47,352,000 after purchasing an additional 19,266 shares during the period. Institutional investors and hedge funds own 77.34% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on STZ shares. Morgan Stanley dropped their price objective on shares of Constellation Brands from $202.00 to $195.00 and set an "equal weight" rating on the stock in a report on Friday, April 11th. Wall Street Zen raised shares of Constellation Brands from a "sell" rating to a "hold" rating in a research report on Tuesday, May 20th. Citigroup reduced their target price on shares of Constellation Brands from $200.00 to $190.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. BMO Capital Markets reduced their price objective on shares of Constellation Brands from $260.00 to $215.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Finally, Wells Fargo & Company lowered their price target on shares of Constellation Brands from $230.00 to $210.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Constellation Brands presently has a consensus rating of "Moderate Buy" and an average target price of $225.74.

Insiders Place Their Bets

In other Constellation Brands news, EVP Samuel J. Glaetzer sold 3,150 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were 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. This trade represents a 50.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 12.19% of the company's stock.

Constellation Brands Trading Up 0.3%

Constellation Brands stock traded up $0.56 during trading hours on Tuesday, reaching $184.98. 242,605 shares of the company's stock traded hands, compared to its average volume of 2,492,312. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. Constellation Brands, Inc. has a fifty-two week low of $160.46 and a fifty-two week high of $265.70. The firm has a market capitalization of $32.93 billion, a price-to-earnings ratio of 49.73, a PEG ratio of 1.52 and a beta of 1.75. The firm's 50 day moving average is $184.77 and its 200-day moving average is $196.98.

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 analysts' consensus estimates of $2.28 by $0.35. The business had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.14 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. Constellation Brands's revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the company posted $2.26 EPS. On average, analysts predict that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Tuesday, April 29th were issued a dividend of $1.02 per share. This is an increase from Constellation Brands's previous quarterly dividend of $1.01. This represents a $4.08 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend was Tuesday, April 29th. Constellation Brands's dividend payout ratio (DPR) is -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.