T. Rowe Price Investment Management Inc. Increases Position in Constellation Brands, Inc. (NYSE:STZ)

T. Rowe Price Investment Management Inc. increased its holdings in Constellation Brands, Inc. (NYSE:STZ) by 17.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,338,076 shares of the company’s stock after purchasing an additional 201,632 shares during the period. T. Rowe Price Investment Management Inc. owned 0.74% of Constellation Brands worth $295,715,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of STZ. World Investment Advisors LLC increased its stake in Constellation Brands by 36.6% in the 3rd quarter. World Investment Advisors LLC now owns 2,550 shares of the company’s stock worth $657,000 after acquiring an additional 683 shares during the last quarter. Arvest Bank Trust Division bought a new position in Constellation Brands during the third quarter valued at $243,000. Wilmington Savings Fund Society FSB grew its stake in shares of Constellation Brands by 260.7% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 20,495 shares of the company’s stock worth $5,281,000 after buying an additional 14,813 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new stake in shares of Constellation Brands during the 3rd quarter valued at about $223,000. Finally, Copley Financial Group Inc. bought a new position in shares of Constellation Brands in the 3rd quarter valued at about $455,000. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Constellation Brands Trading Up 0.2 %

Shares of Constellation Brands stock opened at $187.29 on Thursday. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. The firm’s 50-day moving average price is $180.06 and its 200 day moving average price is $205.62. The firm has a market capitalization of $33.85 billion, a PE ratio of 50.35, a P/E/G ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a twelve month low of $160.46 and a twelve month high of $265.70.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Wednesday, April 9th. The company reported $2.63 earnings per share for the quarter, beating analysts’ consensus estimates of $2.28 by $0.35. The company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.14 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.26 EPS. On average, sell-side analysts predict that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 29th will be issued a $1.02 dividend. This is an increase from Constellation Brands’s previous quarterly dividend of $1.01. The ex-dividend date is Tuesday, April 29th. This represents a $4.08 dividend on an annualized basis and a yield of 2.18%. Constellation Brands’s dividend payout ratio is presently -800.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on STZ shares. The Goldman Sachs Group decreased their price objective on Constellation Brands from $260.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. Roth Mkm lowered their price target on Constellation Brands from $284.00 to $256.00 and set a “buy” rating for the company in a research report on Thursday, April 3rd. Roth Capital cut their price objective on shares of Constellation Brands from $298.00 to $284.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. BMO Capital Markets lowered their target price on shares of Constellation Brands from $260.00 to $215.00 and set an “outperform” rating for the company in a report on Friday, April 11th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $215.00 price objective on shares of Constellation Brands in a research report on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $224.42.

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 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.