Captrust Financial Advisors Cuts Stake in Constellation Brands, Inc. (NYSE:STZ)

Captrust Financial Advisors lessened its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,236 shares of the company’s stock after selling 440 shares during the period. Captrust Financial Advisors’ holdings in Constellation Brands were worth $3,809,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Mainstream Capital Management LLC acquired a new stake in Constellation Brands in the fourth quarter worth about $25,000. SBI Securities Co. Ltd. purchased a new stake in Constellation Brands during the 4th quarter worth approximately $26,000. Compagnie Lombard Odier SCmA acquired a new position in Constellation Brands during the 4th quarter valued at approximately $27,000. Union Bancaire Privee UBP SA purchased a new position in shares of Constellation Brands in the fourth quarter worth $28,000. Finally, Optiver Holding B.V. acquired a new stake in shares of Constellation Brands during the fourth quarter worth $31,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Stock Down 0.7 %

Shares of STZ opened at $190.02 on Friday. The stock has a 50 day moving average price of $183.37 and a 200 day moving average price of $201.13. Constellation Brands, Inc. has a one year low of $160.46 and a one year high of $265.70. 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 stock has a market capitalization of $33.83 billion, a price-to-earnings ratio of 51.08, a PEG ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Wednesday, April 9th. The company reported $2.63 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 6.27% and a return on equity of 26.55%. Constellation Brands’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.26 EPS. Equities research analysts forecast that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 29th will be given a $1.02 dividend. The ex-dividend date of this dividend is Tuesday, April 29th. This represents a $4.08 dividend on an annualized basis and a yield of 2.15%. This is an increase from Constellation Brands’s previous quarterly dividend of $1.01. Constellation Brands’s payout ratio is currently -800.00%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Argus lowered Constellation Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Royal Bank of Canada decreased their target price on Constellation Brands from $289.00 to $233.00 and set an “outperform” rating for the company in a report on Monday, April 14th. Needham & Company LLC reiterated a “buy” rating and issued a $215.00 price target on shares of Constellation Brands in a report on Thursday, April 10th. Barclays lifted their price objective on shares of Constellation Brands from $203.00 to $207.00 and gave the company an “overweight” rating in a research note on Monday, April 14th. Finally, Roth Mkm cut their price objective on shares of Constellation Brands from $284.00 to $256.00 and set a “buy” rating on the stock in a research note on Thursday, April 3rd. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Constellation Brands has a consensus rating of “Moderate Buy” and a consensus price target of $225.74.

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.