Daiwa SB Investments Ltd. raised its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 9.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,080 shares of the company’s stock after buying an additional 430 shares during the quarter. Daiwa SB Investments Ltd.’s holdings in Constellation Brands were worth $817,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Vigilant Capital Management LLC grew its holdings in shares of Constellation Brands by 2.9% during the fourth quarter. Vigilant Capital Management LLC now owns 66,677 shares of the company’s stock worth $10,723,000 after buying an additional 1,871 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Constellation Brands by 11.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 9,675 shares of the company’s stock worth $1,556,000 after buying an additional 958 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Constellation Brands during the fourth quarter worth $353,000. Bogart Wealth LLC grew its holdings in shares of Constellation Brands by 17.6% during the fourth quarter. Bogart Wealth LLC now owns 574 shares of the company’s stock worth $92,000 after buying an additional 86 shares in the last quarter. Finally, Dubuque Bank & Trust Co. grew its holdings in shares of Constellation Brands by 339.7% during the fourth quarter. Dubuque Bank & Trust Co. now owns 510 shares of the company’s stock worth $82,000 after buying an additional 394 shares in the last quarter. 72.57% of the stock is owned by institutional investors and hedge funds.

Shares of STZ opened at $160.53 on Wednesday. The company has a quick ratio of 0.43, a current ratio of 1.08 and a debt-to-equity ratio of 1.02. Constellation Brands, Inc. has a 12-month low of $150.37 and a 12-month high of $236.62. The stock has a market capitalization of $30.48 billion, a P/E ratio of 18.41, a PEG ratio of 1.68 and a beta of 0.38.

Constellation Brands (NYSE:STZ) last announced its earnings results on Wednesday, January 9th. The company reported $2.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.04 by $0.33. The company had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.91 billion. Constellation Brands had a net margin of 35.27% and a return on equity of 17.62%. Constellation Brands’s revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.00 earnings per share. Equities research analysts anticipate that Constellation Brands, Inc. will post 9.2 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 26th. Shareholders of record on Tuesday, February 12th will be paid a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 1.84%. The ex-dividend date is Monday, February 11th. Constellation Brands’s dividend payout ratio (DPR) is presently 33.94%.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Constellation Brands from a “hold” rating to a “sell” rating in a report on Monday. Macquarie dropped coverage on shares of Constellation Brands in a report on Thursday, January 10th. Morgan Stanley dropped their target price on shares of Constellation Brands from $246.00 to $207.00 and set an “overweight” rating for the company in a report on Friday, January 11th. Argus dropped their price objective on shares of Constellation Brands from $260.00 to $210.00 and set a “buy” rating for the company in a report on Friday, January 11th. Finally, BMO Capital Markets dropped their price objective on shares of Constellation Brands to $225.00 and set an “outperform” rating for the company in a report on Thursday, January 10th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $228.09.

In other Constellation Brands news, CEO Robert Sands sold 136,547 shares of the stock in a transaction dated Friday, October 19th. The shares were sold at an average price of $223.62, for a total transaction of $30,534,640.14. Following the completion of the transaction, the chief executive officer now owns 737,607 shares of the company’s stock, valued at $164,943,677.34. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Richard Sands sold 148,773 shares of the stock in a transaction dated Monday, October 22nd. The stock was sold at an average price of $223.69, for a total transaction of $33,279,032.37. Following the transaction, the chairman now directly owns 346,525 shares of the company’s stock, valued at approximately $77,514,177.25. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 578,723 shares of company stock valued at $129,438,449. 15.80% of the stock is currently owned by insiders.

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About Constellation Brands

Constellation Brands, Inc, together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company sells wine across various categories, including table wine, sparkling wine, and dessert wine. It provides beer primarily under the Corona Extra, Corona Light, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Obregon Brewery, and Ballast Point brands.

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

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