Constellation Brands, Inc. (NYSE:STZ) Shares Bought by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC lifted its position in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 16.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 12,099 shares of the company's stock after purchasing an additional 1,748 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Constellation Brands were worth $2,674,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of STZ. Mainstream Capital Management LLC acquired a new position in Constellation Brands in the 4th quarter worth $25,000. SBI Securities Co. Ltd. acquired a new position in shares of Constellation Brands in the fourth quarter worth about $26,000. Compagnie Lombard Odier SCmA purchased a new position in Constellation Brands in the fourth quarter valued at about $27,000. Union Bancaire Privee UBP SA acquired a new stake in Constellation Brands during the 4th quarter valued at approximately $28,000. Finally, Versant Capital Management Inc increased its holdings in Constellation Brands by 887.5% during the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company's stock worth $35,000 after purchasing an additional 142 shares during the last quarter. Institutional investors and hedge funds own 77.34% of the company's stock.

Wall Street Analysts Forecast Growth

STZ has been the subject of several research analyst reports. StockNews.com cut Constellation Brands from a "hold" rating to a "sell" rating in a research note on Thursday, April 17th. Barclays raised their price objective on shares of Constellation Brands from $203.00 to $207.00 and gave the stock an "overweight" rating in a report on Monday, April 14th. UBS Group reduced their price target on shares of Constellation Brands from $265.00 to $223.00 and set a "buy" rating on the stock in a research report on Friday, January 17th. Jefferies Financial Group reiterated a "hold" rating and issued a $201.00 price target (down from $310.00) on shares of Constellation Brands in a research note on Monday, January 13th. Finally, Argus cut Constellation Brands from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $224.42.

Constellation Brands Stock Performance

Constellation Brands stock traded up $1.61 during mid-day trading on Friday, hitting $187.05. 1,139,427 shares of the company's stock traded hands, compared to its average volume of 1,712,301. Constellation Brands, Inc. has a one year low of $160.46 and a one year high of $265.70. The company has a market cap of $33.81 billion, a PE ratio of 50.28, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. The firm has a 50 day moving average price of $181.79 and a 200 day moving average price of $203.32. 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 posted its quarterly earnings data on Wednesday, April 9th. The company reported $2.63 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.35. The business had revenue of $2.13 billion during 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%. The company's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.26 earnings per share. On average, equities analysts forecast 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 will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 29th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.18%. 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 dividend payout ratio is -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.