Parvin Asset Management LLC Invests $991,000 in Constellation Brands, Inc. (NYSE:STZ)

Parvin Asset Management LLC bought a new stake in Constellation Brands, Inc. (NYSE:STZ) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,485 shares of the company’s stock, valued at approximately $991,000. Constellation Brands makes up approximately 1.0% of Parvin Asset Management LLC’s holdings, making the stock its 22nd largest holding.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Constellation Brands by 13.3% in the 4th quarter. Vanguard Group Inc. now owns 15,534,787 shares of the company’s stock valued at $3,433,188,000 after buying an additional 1,821,969 shares in the last quarter. Capital World Investors increased its position in Constellation Brands by 3.4% in the 4th quarter. Capital World Investors now owns 9,755,602 shares of the company’s stock valued at $2,155,946,000 after buying an additional 324,690 shares in the last quarter. Geode Capital Management LLC increased its position in Constellation Brands by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 3,204,003 shares of the company’s stock valued at $705,844,000 after buying an additional 63,323 shares in the last quarter. Capital Research Global Investors increased its position in Constellation Brands by 0.6% in the 4th quarter. Capital Research Global Investors now owns 2,901,975 shares of the company’s stock valued at $641,336,000 after buying an additional 18,557 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC increased its position in Constellation Brands by 42.9% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 2,454,258 shares of the company’s stock valued at $542,391,000 after buying an additional 736,780 shares in the last quarter. 77.34% of the stock is owned by institutional investors.

Constellation Brands Stock Up 0.2 %

STZ stock opened at $186.20 on Wednesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. The company has a market capitalization of $33.65 billion, a price-to-earnings ratio of 50.05, a PEG ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a fifty-two week low of $160.46 and a fifty-two week high of $265.70. The stock has a fifty day moving average of $181.43 and a 200-day moving average of $203.85.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings results 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 company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.14 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.26 EPS. As a group, equities research analysts predict that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Tuesday, April 29th will be paid a dividend of $1.02 per share. This is an increase from Constellation Brands’s previous quarterly dividend of $1.01. The ex-dividend date is Tuesday, April 29th. This represents a $4.08 annualized dividend and a dividend yield of 2.19%. Constellation Brands’s dividend payout ratio is presently -800.00%.

Wall Street Analyst Weigh In

A number of analysts recently commented on STZ shares. Jefferies Financial Group reaffirmed a “hold” rating and issued a $201.00 target price (down from $310.00) on shares of Constellation Brands in a research report on Monday, January 13th. Needham & Company LLC reiterated a “buy” rating and set a $215.00 price target on shares of Constellation Brands in a research note on Thursday, April 10th. Royal Bank of Canada cut their price target on Constellation Brands from $289.00 to $233.00 and set an “outperform” rating for the company in a research note on Monday, April 14th. Roth Mkm cut their price target on Constellation Brands from $284.00 to $256.00 and set a “buy” rating for the company in a research note on Thursday, April 3rd. Finally, Argus downgraded Constellation Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $224.42.

Constellation Brands 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.