Constellation Brands, Inc. (NYSE:STZ) Stock Position Raised by Aigen Investment Management LP

Aigen Investment Management LP raised its position in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 93.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,705 shares of the company's stock after purchasing an additional 3,717 shares during the period. Aigen Investment Management LP's holdings in Constellation Brands were worth $1,863,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kestra Private Wealth Services LLC raised its stake in shares of Constellation Brands by 17.2% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 17,218 shares of the company's stock worth $4,327,000 after purchasing an additional 2,526 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Constellation Brands by 15.3% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 32,433 shares of the company's stock valued at $8,151,000 after acquiring an additional 4,311 shares in the last quarter. Perigon Wealth Management LLC raised its stake in shares of Constellation Brands by 46.0% in the 4th quarter. Perigon Wealth Management LLC now owns 6,012 shares of the company's stock valued at $1,453,000 after acquiring an additional 1,893 shares in the last quarter. CoreCap Advisors LLC raised its stake in shares of Constellation Brands by 35.8% in the 4th quarter. CoreCap Advisors LLC now owns 2,002 shares of the company's stock valued at $484,000 after acquiring an additional 528 shares in the last quarter. Finally, Ascent Wealth Partners LLC bought a new position in shares of Constellation Brands in the 4th quarter valued at approximately $962,000. 77.34% of the stock is owned by hedge funds and other institutional investors.

Constellation Brands Stock Performance

Shares of NYSE STZ traded down $4.78 during trading hours on Monday, reaching $250.65. 850,852 shares of the stock were exchanged, compared to its average volume of 1,194,792. The firm has a market capitalization of $45.86 billion, a price-to-earnings ratio of 26.72, a P/E/G ratio of 1.72 and a beta of 0.95. Constellation Brands, Inc. has a 52 week low of $227.50 and a 52 week high of $274.87. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.53 and a current ratio of 1.19. The stock's fifty day simple moving average is $262.34 and its 200 day simple moving average is $250.60.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its earnings results on Thursday, April 11th. The company reported $2.26 earnings per share for the quarter, beating analysts' consensus estimates of $2.10 by $0.16. The firm had revenue of $2.14 billion for 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 company's revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.98 EPS. Sell-side analysts predict that Constellation Brands, Inc. will post 13.53 EPS for the current year.

Constellation Brands Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Friday, May 3rd were issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date was Thursday, May 2nd. This is an increase from Constellation Brands's previous quarterly dividend of $0.89. Constellation Brands's dividend payout ratio (DPR) is currently 43.07%.

Insider Buying and Selling at Constellation Brands

In other Constellation Brands news, EVP James A. Jr. Sabia sold 15,781 shares of the firm'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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP James A. Jr. Sabia sold 15,781 shares of the firm's stock in a transaction on Friday, April 12th. The stock was sold at an average price of $263.63, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO William A. Newlands sold 25,000 shares of the firm's stock in a transaction on Friday, May 10th. The shares were sold at an average price of $261.54, for a total value of $6,538,500.00. Following the sale, the chief executive officer now directly owns 14,700 shares in the company, valued at approximately $3,844,638. The disclosure for this sale can be found here. In the last quarter, insiders have sold 48,031 shares of company stock valued at $12,582,321. 16.19% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on STZ. Evercore ISI raised their price objective on Constellation Brands from $300.00 to $310.00 and gave the company an "outperform" rating in a research note on Friday, April 12th. Deutsche Bank Aktiengesellschaft raised their price objective on Constellation Brands from $256.00 to $262.00 and gave the company a "hold" rating in a research note on Wednesday, April 10th. Bank of America lifted their price target on Constellation Brands from $290.00 to $300.00 and gave the stock a "buy" rating in a research report on Monday, March 18th. Jefferies Financial Group lifted their price target on Constellation Brands from $292.00 to $314.00 and gave the stock a "buy" rating in a research report on Friday, April 12th. Finally, Roth Mkm reaffirmed a "buy" rating and issued a $305.00 price target on shares of Constellation Brands in a research report on Friday, April 12th. Three analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Constellation Brands presently has a consensus rating of "Moderate Buy" and a consensus price target of $298.55.

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.

Want to see what other hedge funds are holding STZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Constellation Brands, Inc. (NYSE:STZ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.