Mitsubishi UFJ Asset Management Co. Ltd. Has $48.39 Million Holdings in Constellation Brands Inc $STZ

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Constellation Brands Inc (NYSE:STZ) by 3.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 297,423 shares of the company’s stock after acquiring an additional 9,251 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Constellation Brands were worth $48,385,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Gilbert & Cook Inc. grew its position in Constellation Brands by 2.6% in the 2nd quarter. Gilbert & Cook Inc. now owns 2,385 shares of the company’s stock worth $388,000 after purchasing an additional 60 shares during the last quarter. V Square Quantitative Management LLC lifted its stake in shares of Constellation Brands by 3.8% in the second quarter. V Square Quantitative Management LLC now owns 1,682 shares of the company’s stock valued at $274,000 after buying an additional 62 shares during the period. Oak Asset Management LLC grew its position in Constellation Brands by 0.4% during the second quarter. Oak Asset Management LLC now owns 18,281 shares of the company’s stock worth $2,974,000 after buying an additional 70 shares in the last quarter. Geneos Wealth Management Inc. grew its position in Constellation Brands by 9.9% during the first quarter. Geneos Wealth Management Inc. now owns 813 shares of the company’s stock worth $149,000 after buying an additional 73 shares in the last quarter. Finally, Baldwin Investment Management LLC increased its stake in Constellation Brands by 1.0% during the first quarter. Baldwin Investment Management LLC now owns 7,802 shares of the company’s stock valued at $1,432,000 after acquiring an additional 75 shares during the period. Institutional investors own 77.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on STZ. Roth Capital reiterated a “buy” rating and issued a $209.00 price objective (down previously from $239.00) on shares of Constellation Brands in a research report on Wednesday, September 3rd. JPMorgan Chase & Co. began coverage on Constellation Brands in a research note on Friday. They issued a “neutral” rating and a $153.00 target price for the company. Citigroup decreased their price target on shares of Constellation Brands from $155.00 to $145.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 23rd. The Goldman Sachs Group lowered their price target on shares of Constellation Brands from $196.00 to $168.00 and set a “buy” rating on the stock in a report on Thursday, October 2nd. Finally, Sanford C. Bernstein reduced their price objective on shares of Constellation Brands from $225.00 to $195.00 and set an “outperform” rating for the company in a report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $186.44.

Constellation Brands Stock Performance

Shares of NYSE:STZ opened at $128.41 on Tuesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.08 and a quick ratio of 0.54. The business’s fifty day moving average price is $137.66 and its two-hundred day moving average price is $160.86. Constellation Brands Inc has a fifty-two week low of $126.45 and a fifty-two week high of $245.31. The stock has a market capitalization of $22.48 billion, a price-to-earnings ratio of 18.75, a price-to-earnings-growth ratio of 0.39 and a beta of 0.63.

Constellation Brands (NYSE:STZ) last issued its earnings results on Thursday, February 23rd. The company reported $3.12 EPS for the quarter. Constellation Brands had a net margin of 11.88% and a return on equity of 29.82%. The company had revenue of $2.32 billion for the quarter. As a group, analysts predict that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 13th. Shareholders of record on Thursday, October 30th will be given a $1.02 dividend. The ex-dividend date is Thursday, October 30th. This represents a $4.08 dividend on an annualized basis and a yield of 3.2%. Constellation Brands’s payout ratio is 59.56%.

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.