Koshinski Asset Management Inc. Decreases Stake in Constellation Brands, Inc. (NYSE:STZ)

Koshinski Asset Management Inc. cut its holdings in Constellation Brands, Inc. (NYSE:STZ) by 35.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,274 shares of the company’s stock after selling 693 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Constellation Brands were worth $308,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Indiana Trust & Investment Management CO purchased a new stake in shares of Constellation Brands in the third quarter valued at $25,000. Impact Partnership Wealth LLC increased its stake in Constellation Brands by 1,175.0% during the third quarter. Impact Partnership Wealth LLC now owns 102 shares of the company’s stock worth $26,000 after acquiring an additional 94 shares during the last quarter. BKM Wealth Management LLC acquired a new stake in Constellation Brands during the fourth quarter worth about $28,000. Asset Dedication LLC grew its stake in shares of Constellation Brands by 3,833.3% in the third quarter. Asset Dedication LLC now owns 118 shares of the company’s stock valued at $30,000 after buying an additional 115 shares in the last quarter. Finally, Resurgent Financial Advisors LLC acquired a new stake in shares of Constellation Brands in the fourth quarter valued at about $34,000. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on STZ. BMO Capital Markets increased their price target on Constellation Brands from $290.00 to $315.00 and gave the company an “outperform” rating in a report on Friday. HSBC increased their price target on Constellation Brands from $290.00 to $300.00 and gave the company a “buy” rating in a report on Friday. Royal Bank of Canada increased their target price on Constellation Brands from $295.00 to $308.00 and gave the stock an “outperform” rating in a report on Friday. Bank of America increased their target price on Constellation Brands from $290.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Finally, Barclays increased their target price on Constellation Brands from $294.00 to $295.00 and gave the stock an “overweight” rating in a report on Monday. Three equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, Constellation Brands has a consensus rating of “Moderate Buy” and a consensus target price of $298.55.

Constellation Brands Price Performance

STZ opened at $258.52 on Tuesday. The stock has a market cap of $47.26 billion, a price-to-earnings ratio of 27.56, a PEG ratio of 1.78 and a beta of 0.97. Constellation Brands, Inc. has a 1 year low of $221.81 and a 1 year high of $274.87. The company has a current ratio of 1.19, a quick ratio of 0.53 and a debt-to-equity ratio of 1.06. The stock has a fifty day moving average price of $257.07 and a 200 day moving average price of $247.01.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Thursday, April 11th. The company reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.16. The firm had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Constellation Brands had a return on equity of 23.06% and a net margin of 16.13%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.98 earnings per share. Analysts forecast that Constellation Brands, Inc. will post 13.43 EPS for the current fiscal year.

Constellation Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.56%. This is an increase from Constellation Brands’s previous quarterly dividend of $0.89. The ex-dividend date is Thursday, May 2nd. Constellation Brands’s dividend payout ratio (DPR) is presently 37.95%.

About Constellation Brands

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 Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Victoria, Vicky Chamoy, and Pacifico brands.