Boston Partners Takes $156.36 Million Position in Constellation Brands, Inc. (NYSE:STZ)

Boston Partners acquired a new stake in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 646,708 shares of the company's stock, valued at approximately $156,358,000. Boston Partners owned 0.35% of Constellation Brands as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. BKM Wealth Management LLC bought a new position in shares of Constellation Brands during the 4th quarter valued at $28,000. Asset Dedication LLC increased its position in shares of Constellation Brands by 3,833.3% during the third quarter. Asset Dedication LLC now owns 118 shares of the company's stock worth $30,000 after acquiring an additional 115 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new position in Constellation Brands during the fourth quarter valued at approximately $37,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Constellation Brands in the third quarter worth $41,000. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Constellation Brands during the fourth quarter worth $45,000. Institutional investors own 77.34% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on STZ shares. Argus raised shares of Constellation Brands from a "hold" rating to a "buy" rating and set a $306.00 target price on the stock in a research note on Monday, April 15th. BMO Capital Markets increased their price objective on shares of Constellation Brands from $290.00 to $315.00 and gave the company an "outperform" rating in a report on Friday, April 12th. Royal Bank of Canada increased their price target on shares of Constellation Brands from $295.00 to $308.00 and gave the company an "outperform" rating in a research note on Friday, April 12th. UBS Group increased their price objective on shares of Constellation Brands from $312.00 to $320.00 and gave the stock a "buy" rating in a research report on Friday, April 12th. Finally, Wedbush reissued an "outperform" rating and issued a $300.00 price target on shares of Constellation Brands in a research report on Wednesday, April 10th. Three research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $298.55.

Constellation Brands Stock Down 1.8 %

Shares of STZ traded down $4.78 on Tuesday, hitting $253.99. The company's stock had a trading volume of 1,168,562 shares, compared to its average volume of 1,195,977. The company has a quick ratio of 0.53, a current ratio of 1.19 and a debt-to-equity ratio of 1.06. The firm's fifty day moving average price is $262.19 and its 200-day moving average price is $250.00. Constellation Brands, Inc. has a fifty-two week low of $225.46 and a fifty-two week high of $274.87. The firm has a market capitalization of $46.48 billion, a price-to-earnings ratio of 26.98, a P/E/G ratio of 1.77 and a beta of 0.95.

Constellation Brands (NYSE:STZ - Get Free Report) last released its quarterly earnings data on Thursday, April 11th. The company reported $2.26 EPS for the quarter, beating the consensus estimate of $2.10 by $0.16. The company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.09 billion. Constellation Brands had a return on equity of 23.06% and a net margin of 16.13%. The firm's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.98 EPS. On average, equities research analysts expect that Constellation Brands, Inc. will post 13.51 EPS for the current year.

Constellation Brands Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 3rd will be issued a dividend of $1.01 per share. This is an increase from Constellation Brands's previous quarterly dividend of $0.89. The ex-dividend date is Thursday, May 2nd. This represents a $4.04 annualized dividend and a yield of 1.59%. Constellation Brands's dividend payout ratio (DPR) is currently 43.07%.

Insider Transactions at Constellation Brands

In other news, CEO William A. Newlands sold 25,000 shares of the business's stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $261.54, for a total transaction of $6,538,500.00. Following the sale, the chief executive officer now directly owns 14,700 shares in the company, valued at $3,844,638. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO William A. Newlands sold 25,000 shares of the business's stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $261.54, for a total transaction of $6,538,500.00. Following the completion of the sale, the chief executive officer now owns 14,700 shares in the company, valued at $3,844,638. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP James A. Jr. Sabia sold 15,781 shares of the company's stock in a transaction on Friday, April 12th. The stock was sold at an average price of $263.63, for a total value of $4,160,345.03. Following the sale, the executive vice president now owns 20,910 shares of the company's stock, valued at approximately $5,512,503.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 48,031 shares of company stock valued at $12,582,321. 16.19% of the stock is currently owned by corporate insiders.

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.