Livforsakringsbolaget Skandia Omsesidigt Has $60,000 Stock Position in Constellation Brands, Inc. (NYSE:STZ)

Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 111.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 249 shares of the company’s stock after purchasing an additional 131 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Constellation Brands were worth $60,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Daiwa Securities Group Inc. increased its stake in shares of Constellation Brands by 6.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 14,881 shares of the company’s stock worth $3,597,000 after purchasing an additional 923 shares during the last quarter. Avior Wealth Management LLC increased its stake in shares of Constellation Brands by 4.2% during the 4th quarter. Avior Wealth Management LLC now owns 1,355 shares of the company’s stock worth $328,000 after purchasing an additional 55 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Constellation Brands by 81.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,736 shares of the company’s stock worth $12,507,000 after purchasing an additional 23,264 shares during the last quarter. SVB Wealth LLC grew its stake in Constellation Brands by 16.7% in the 4th quarter. SVB Wealth LLC now owns 4,164 shares of the company’s stock valued at $1,007,000 after buying an additional 596 shares during the last quarter. Finally, Eads & Heald Wealth Management grew its stake in Constellation Brands by 3.7% in the 4th quarter. Eads & Heald Wealth Management now owns 3,858 shares of the company’s stock valued at $933,000 after buying an additional 136 shares during the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Insider Buying and Selling at Constellation Brands

In other Constellation Brands news, EVP James A. Jr. Sabia sold 15,781 shares of the firm’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $263.63, for a total value of $4,160,345.03. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 16.19% of the company’s stock.

Constellation Brands Trading Up 0.8 %

Shares of STZ stock opened at $260.70 on Friday. Constellation Brands, Inc. has a 12-month low of $221.81 and a 12-month high of $274.87. The company has a market capitalization of $47.66 billion, a P/E ratio of 27.79, a P/E/G ratio of 1.74 and a beta of 0.97. The firm has a 50-day moving average price of $258.19 and a 200 day moving average price of $247.29. The company has a quick ratio of 0.53, a current ratio of 1.19 and a debt-to-equity ratio of 1.06.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Thursday, April 11th. The company reported $2.26 earnings per share for the quarter, beating the consensus estimate 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 net margin of 16.13% and a return on equity of 23.06%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.98 EPS. Research analysts forecast that Constellation Brands, Inc. will post 13.51 earnings per share 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. Shareholders of record on Friday, May 3rd will be given a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 1.55%. 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 dividend payout ratio (DPR) is presently 37.95%.

Wall Street Analyst Weigh In

STZ has been the topic of a number of research analyst reports. UBS Group raised their target price on shares of Constellation Brands from $312.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Deutsche Bank Aktiengesellschaft raised their target price 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. HSBC raised their target price on shares of Constellation Brands from $290.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Royal Bank of Canada raised their target price on shares of Constellation Brands from $295.00 to $308.00 and gave the company an “outperform” rating in a research note on Friday, April 12th. Finally, TheStreet lowered shares of Constellation Brands from a “b” rating to a “c+” rating in a research note on Friday, January 5th. Three equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Constellation Brands currently has a consensus rating of “Moderate Buy” and an average target price of $298.55.

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