Boston Partners Makes New $156.36 Million Investment in Constellation Brands, Inc. (NYSE:STZ)

Boston Partners purchased a new stake in Constellation Brands, Inc. (NYSE:STZFree Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 646,708 shares of the company’s stock, valued at approximately $156,358,000. Boston Partners owned 0.35% of Constellation Brands at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Burns Matteson Capital Management LLC lifted its position in shares of Constellation Brands by 1.7% during the 4th quarter. Burns Matteson Capital Management LLC now owns 2,499 shares of the company’s stock valued at $604,000 after acquiring an additional 42 shares during the period. FAS Wealth Partners Inc. raised its holdings in Constellation Brands by 3.5% during the fourth 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. Smithfield Trust Co boosted its position in Constellation Brands by 5.3% during the fourth quarter. Smithfield Trust Co now owns 854 shares of the company’s stock worth $207,000 after purchasing an additional 43 shares in the last quarter. Schear Investment Advisers LLC grew its holdings in Constellation Brands by 1.8% in the fourth quarter. Schear Investment Advisers LLC now owns 2,522 shares of the company’s stock valued at $610,000 after purchasing an additional 44 shares during the last quarter. Finally, Lincoln National Corp increased its position in shares of Constellation Brands by 2.0% in the third quarter. Lincoln National Corp now owns 2,565 shares of the company’s stock valued at $645,000 after buying an additional 50 shares in the last quarter. 77.34% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Constellation Brands

In other Constellation Brands news, EVP James A. Jr. Sabia sold 15,781 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 20,910 shares in the company, valued at approximately $5,512,503.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP James A. Jr. Sabia sold 15,781 shares of the firm’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 20,910 shares in the company, valued at $5,512,503.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael Mcgrew sold 3,237 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $255.50, for a total value of $827,053.50. Following the completion of the transaction, the executive vice president now owns 1,731 shares in the company, valued at approximately $442,270.50. The disclosure for this sale can be found here. Insiders sold 23,031 shares of company stock valued at $6,043,821 over the last quarter. Company insiders own 16.19% of the company’s stock.

Constellation Brands Stock Down 1.2 %

Shares of NYSE:STZ opened at $258.77 on Tuesday. The stock has a 50-day simple moving average of $261.97 and a 200-day simple moving average of $249.80. The stock has a market capitalization of $47.35 billion, a P/E ratio of 27.59, a PEG ratio of 1.77 and a beta of 0.95. Constellation Brands, Inc. has a 1 year low of $225.46 and a 1 year 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.

Constellation Brands (NYSE:STZGet Free Report) last released its quarterly earnings data on Thursday, April 11th. The company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.16. Constellation Brands had a net margin of 16.13% and a return on equity of 23.06%. The company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the previous year, the firm earned $1.98 earnings per share. Constellation Brands’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities analysts forecast that Constellation Brands, Inc. will post 13.51 earnings per share for the current year.

Constellation Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 3rd will be paid a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Thursday, May 2nd. This is a boost from Constellation Brands’s previous quarterly dividend of $0.89. Constellation Brands’s payout ratio is currently 43.07%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. HSBC boosted their price objective on shares of Constellation Brands from $290.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. UBS Group increased their price target on shares of Constellation Brands from $312.00 to $320.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Evercore ISI lifted their price objective on Constellation Brands from $300.00 to $310.00 and gave the stock an “outperform” rating in a research report on Friday, April 12th. Wedbush reaffirmed an “outperform” rating and issued a $300.00 target price on shares of Constellation Brands in a research note on Wednesday, April 10th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Constellation Brands from $256.00 to $262.00 and gave the stock a “hold” rating in a research report on Wednesday, April 10th. Three investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $298.55.

Read Our Latest Stock Report on STZ

Constellation Brands Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Constellation Brands (NYSE:STZ)

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