Constellation Brands, Inc. (NYSE:STZ) Shares Acquired by Voya Investment Management LLC

Voya Investment Management LLC raised its position in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 5.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 400,615 shares of the company's stock after buying an additional 19,541 shares during the quarter. Voya Investment Management LLC owned about 0.22% of Constellation Brands worth $88,471,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Van ECK Associates Corp increased its position in Constellation Brands by 1,844.7% during the 4th quarter. Van ECK Associates Corp now owns 924,274 shares of the company's stock valued at $204,265,000 after buying an additional 876,745 shares in the last quarter. Copperleaf Capital LLC acquired a new position in Constellation Brands during the 4th quarter valued at approximately $343,000. Grimes & Company Inc. purchased a new position in shares of Constellation Brands in the fourth quarter worth $6,099,000. Empowered Funds LLC lifted its stake in shares of Constellation Brands by 62.8% during the fourth quarter. Empowered Funds LLC now owns 16,575 shares of the company's stock worth $3,663,000 after buying an additional 6,391 shares during the period. Finally, Southern Style Financial Inc. purchased a new stake in shares of Constellation Brands during the fourth quarter valued at $3,074,000. Hedge funds and other institutional investors own 77.34% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on STZ. Evercore ISI reduced their price objective on Constellation Brands from $300.00 to $250.00 and set an "outperform" rating for the company in a research note on Monday, January 13th. Citigroup decreased their price objective 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. 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. Argus lowered Constellation Brands from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Finally, BMO Capital Markets lowered their target price on Constellation Brands from $260.00 to $215.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $224.42.

Constellation Brands Price Performance

NYSE STZ traded up $0.43 during trading hours on Wednesday, hitting $186.71. 274,546 shares of the company's stock traded hands, compared to its average volume of 1,708,773. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. The firm's 50-day moving average is $181.43 and its 200-day moving average is $203.85. Constellation Brands, Inc. has a 52-week low of $160.46 and a 52-week high of $265.70. The company has a market capitalization of $33.74 billion, a PE ratio of 50.19, a PEG ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ - Get Free Report) last posted its quarterly earnings results on Wednesday, April 9th. The company reported $2.63 EPS for the quarter, beating the consensus estimate of $2.28 by $0.35. The firm had revenue of $2.13 billion during the quarter, compared to analysts' expectations of $2.14 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The business's revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.26 earnings per share. Equities analysts forecast that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal 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 issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.19%. This is a positive change from Constellation Brands's previous quarterly dividend of $1.01. The ex-dividend date is Tuesday, April 29th. Constellation Brands's payout ratio is presently -800.00%.

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.