Constellation Brands, Inc. (NYSE:STZ) Shares Acquired by Boston Partners

Boston Partners grew its holdings in Constellation Brands, Inc. (NYSE:STZ) by 50.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 975,589 shares of the company’s stock after acquiring an additional 328,881 shares during the period. Boston Partners’ holdings in Constellation Brands were worth $265,099,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. FAS Wealth Partners Inc. lifted its position in shares of Constellation Brands by 3.5% during the 4th quarter. FAS Wealth Partners Inc. now owns 1,277 shares of the company’s stock worth $309,000 after purchasing an additional 43 shares during the last quarter. Independence Bank of Kentucky lifted its position in Constellation Brands by 240.9% in the fourth quarter. Independence Bank of Kentucky now owns 1,466 shares of the company’s stock valued at $354,000 after acquiring an additional 1,036 shares during the last quarter. UMB Bank n.a. lifted its position in Constellation Brands by 3.3% in the fourth quarter. UMB Bank n.a. now owns 6,795 shares of the company’s stock valued at $1,643,000 after acquiring an additional 219 shares during the last quarter. Trust Point Inc. purchased a new stake in Constellation Brands in the fourth quarter valued at $454,000. Finally, China Universal Asset Management Co. Ltd. purchased a new stake in Constellation Brands in the fourth quarter valued at $172,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Constellation Brands from $291.00 to $320.00 and gave the company an “overweight” rating in a research note on Friday, July 5th. UBS Group lifted their price objective on shares of Constellation Brands from $315.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, July 5th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Constellation Brands from $256.00 to $262.00 and gave the company a “hold” rating in a research note on Wednesday, April 10th. Argus upgraded shares of Constellation Brands from a “hold” rating to a “buy” rating and set a $306.00 price objective on the stock in a research note on Monday, April 15th. Finally, Wedbush restated an “outperform” rating and issued a $300.00 price objective on shares of Constellation Brands in a research note on Wednesday, April 10th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $300.28.

Constellation Brands Price Performance

STZ traded up $1.57 on Friday, hitting $246.94. 1,409,592 shares of the company were exchanged, compared to its average volume of 1,198,954. 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 business’s fifty day moving average is $252.51 and its 200 day moving average is $254.69. Constellation Brands, Inc. has a fifty-two week low of $227.50 and a fifty-two week high of $274.87. The firm has a market capitalization of $45.00 billion, a P/E ratio of 18.40, a price-to-earnings-growth ratio of 1.62 and a beta of 0.87.

Constellation Brands (NYSE:STZ) last issued its earnings results on Wednesday, July 3rd. The company reported $3.57 earnings per share for the quarter, topping the consensus estimate of $3.46 by $0.11. Constellation Brands had a net margin of 22.70% and a return on equity of 23.72%. The company had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same period in the prior year, the business posted $2.91 earnings per share. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Constellation Brands, Inc. will post 13.57 EPS for the current year.

Constellation Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Wednesday, August 14th will be issued a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Wednesday, August 14th. Constellation Brands’s dividend payout ratio (DPR) is presently 30.10%.

Insider Buying and Selling at Constellation Brands

In related news, Director Daniel J. Mccarthy sold 1,854 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $252.43, for a total transaction of $468,005.22. Following the transaction, the director now owns 3,232 shares of the company’s stock, valued at $815,853.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Constellation Brands news, EVP Kaneenat Kristann Carey sold 977 shares of Constellation Brands stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $261.00, for a total transaction of $254,997.00. Following the sale, the executive vice president now directly owns 2,706 shares in the company, valued at approximately $706,266. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel J. Mccarthy sold 1,854 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $252.43, for a total transaction of $468,005.22. Following the completion of the sale, the director now directly owns 3,232 shares in the company, valued at $815,853.76. The disclosure for this sale can be found here. Insiders have sold 27,831 shares of company stock valued at $7,261,502 over the last quarter. Corporate insiders own 12.19% of the company’s stock.

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.