Bank of Montreal Can cut its holdings in Constellation Brands, Inc. (NYSE:STZ) by 45.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 239,265 shares of the company’s stock after selling 198,902 shares during the quarter. Bank of Montreal Can’s holdings in Constellation Brands were worth $54,687,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Oppenheimer Asset Management Inc. boosted its position in Constellation Brands by 50.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 577 shares of the company’s stock valued at $112,000 after acquiring an additional 193 shares in the last quarter. Valeo Financial Advisors LLC bought a new stake in Constellation Brands during the 3rd quarter valued at approximately $153,000. MPS Loria Financial Planners LLC bought a new stake in Constellation Brands during the 2nd quarter valued at approximately $157,000. BB&T Investment Services Inc. bought a new stake in Constellation Brands during the 2nd quarter valued at approximately $179,000. Finally, Mackenzie Financial Corp bought a new stake in Constellation Brands during the 3rd quarter valued at approximately $202,000. 74.96% of the stock is currently owned by institutional investors.

In other news, VP Thomas J. Mullin sold 18,227 shares of Constellation Brands stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $217.01, for a total transaction of $3,955,441.27. Following the completion of the transaction, the vice president now directly owns 72,924 shares in the company, valued at $15,825,237.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 15.59% of the stock is currently owned by company insiders.

Several analysts have weighed in on STZ shares. Royal Bank of Canada reaffirmed a “buy” rating and set a $226.00 price objective on shares of Constellation Brands in a research report on Sunday, November 12th. Pivotal Research lifted their price objective on Constellation Brands from $250.00 to $265.00 and gave the company a “buy” rating in a research report on Thursday, October 5th. Stifel Nicolaus lifted their price objective on Constellation Brands from $216.00 to $235.00 and gave the company a “buy” rating in a research report on Friday, October 6th. SunTrust Banks reaffirmed a “buy” rating and set a $230.00 price objective on shares of Constellation Brands in a research report on Friday, October 6th. Finally, Deutsche Bank started coverage on Constellation Brands in a research report on Wednesday, December 13th. They set a “buy” rating and a $244.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Constellation Brands presently has a consensus rating of “Buy” and a consensus price target of $229.00.

Constellation Brands, Inc. (NYSE:STZ) opened at $218.28 on Friday. Constellation Brands, Inc. has a 1-year low of $146.99 and a 1-year high of $229.50. The stock has a market cap of $42,760.00, a P/E ratio of 26.52, a PEG ratio of 1.35 and a beta of 0.08. The company has a current ratio of 1.40, a quick ratio of 0.54 and a debt-to-equity ratio of 1.01.

Constellation Brands (NYSE:STZ) last released its earnings results on Friday, January 5th. The company reported $2.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.13. Constellation Brands had a net margin of 22.55% and a return on equity of 22.04%. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the business earned $1.96 earnings per share. sell-side analysts predict that Constellation Brands, Inc. will post 8.53 EPS for the current fiscal year.

Constellation Brands declared that its Board of Directors has authorized a share repurchase program on Friday, January 5th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 9th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $2.08 annualized dividend and a dividend yield of 0.95%. Constellation Brands’s payout ratio is 11.30%.

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Constellation Brands Profile

Constellation Brands, Inc is an international beverage alcohol company. The Company is a producer and marketer of beer, wine and spirits with operations in the United States, Canada, Mexico, New Zealand and Italy. Its segments include Beer, Wine and Spirits, and Corporate Operations and Other. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States.

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Institutional Ownership by Quarter for Constellation Brands (NYSE:STZ)

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