Vontobel Holding Ltd. Raises Stock Position in Constellation Brands, Inc. (NYSE:STZ)

Vontobel Holding Ltd. raised its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 4.4% during the fourth quarter, Holdings Channel reports. The firm owned 48,669 shares of the company’s stock after buying an additional 2,070 shares during the quarter. Vontobel Holding Ltd.’s holdings in Constellation Brands were worth $11,766,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Indiana Trust & Investment Management CO purchased a new stake in shares of Constellation Brands in the 3rd quarter worth about $25,000. Impact Partnership Wealth LLC grew its position in shares of Constellation Brands by 1,175.0% in the 3rd quarter. Impact Partnership Wealth LLC now owns 102 shares of the company’s stock worth $26,000 after buying an additional 94 shares during the period. BKM Wealth Management LLC purchased a new stake in shares of Constellation Brands in the 4th quarter worth about $28,000. Asset Dedication LLC grew its position in shares of Constellation Brands by 3,833.3% in the 3rd quarter. Asset Dedication LLC now owns 118 shares of the company’s stock worth $30,000 after buying an additional 115 shares during the period. Finally, Resurgent Financial Advisors LLC purchased a new stake in shares of Constellation Brands in the 4th quarter worth about $34,000. 77.34% of the stock is owned by hedge funds and other institutional investors.

Constellation Brands Trading Down 1.4 %

Constellation Brands stock opened at $258.52 on Tuesday. The firm has a 50 day moving average of $257.07 and a 200 day moving average of $247.01. The firm has a market capitalization of $47.26 billion, a price-to-earnings ratio of 27.56, a P/E/G ratio of 1.78 and a beta of 0.97. Constellation Brands, Inc. has a 12-month low of $221.81 and a 12-month 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.

Constellation Brands (NYSE:STZ) last released its earnings results 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. The company had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.09 billion. Constellation Brands had a net margin of 16.13% and a return on equity of 23.06%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.98 EPS. As a group, research analysts predict that Constellation Brands, Inc. will post 13.43 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 issued a dividend of $1.01 per share. This is a positive change from Constellation Brands’s previous quarterly dividend of $0.89. This represents a $4.04 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Thursday, May 2nd. Constellation Brands’s dividend payout ratio (DPR) is 37.95%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on STZ. Deutsche Bank Aktiengesellschaft upped their target price on shares of Constellation Brands from $256.00 to $262.00 and gave the stock a “hold” rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. dropped their price target on shares of Constellation Brands from $309.00 to $301.00 and set an “overweight” rating on the stock in a research note on Thursday, December 21st. Evercore ISI upped their price target on shares of Constellation Brands from $300.00 to $310.00 and gave the stock an “outperform” rating in a research note on Friday. HSBC upped their price target on shares of Constellation Brands from $290.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Barclays upped their target price on shares of Constellation Brands from $294.00 to $295.00 and gave the company an “overweight” rating in a research note on Monday. Three analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Constellation Brands has an average rating of “Moderate Buy” and a consensus target price of $298.55.

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