Constellation Brands Inc $STZ Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Constellation Brands Inc (NYSE:STZ) by 8.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 310,805 shares of the company’s stock after purchasing an additional 23,005 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Constellation Brands were worth $43,876,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Root Financial Partners LLC acquired a new position in shares of Constellation Brands in the 3rd quarter valued at $26,000. Stance Capital LLC acquired a new position in shares of Constellation Brands in the 3rd quarter valued at $26,000. GoalVest Advisory LLC acquired a new position in shares of Constellation Brands in the 4th quarter valued at $28,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Constellation Brands in the 4th quarter valued at $39,000. Finally, CVA Family Office LLC lifted its stake in shares of Constellation Brands by 713.2% in the 3rd quarter. CVA Family Office LLC now owns 309 shares of the company’s stock valued at $42,000 after purchasing an additional 271 shares during the period. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on STZ. Bank of America upped their price objective on shares of Constellation Brands from $142.00 to $154.00 and gave the stock an “underperform” rating in a research report on Friday, April 10th. Roth Mkm restated a “buy” rating on shares of Constellation Brands in a research report on Thursday, April 9th. Morgan Stanley upped their price objective on shares of Constellation Brands from $160.00 to $183.00 and gave the stock an “equal weight” rating in a research report on Friday, April 10th. UBS Group upped their price objective on shares of Constellation Brands from $176.00 to $186.00 and gave the stock a “buy” rating in a research report on Friday, April 10th. Finally, Sanford C. Bernstein upped their price objective on shares of Constellation Brands from $195.00 to $197.00 and gave the stock an “outperform” rating in a research report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $176.30.

Constellation Brands Stock Performance

NYSE:STZ opened at $148.00 on Friday. Constellation Brands Inc has a fifty-two week low of $126.45 and a fifty-two week high of $196.91. The stock has a market capitalization of $25.49 billion, a PE ratio of 15.43, a P/E/G ratio of 3.30 and a beta of 0.43. The company has a fifty day moving average of $154.20 and a two-hundred day moving average of $147.99. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.55 and a current ratio of 1.08.

Constellation Brands (NYSE:STZ) last released its earnings results on Wednesday, April 8th. The company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.19. Constellation Brands had a net margin of 17.29% and a return on equity of 26.18%. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the prior year, the firm earned $2.63 earnings per share. The company’s revenue for the quarter was down 11.3% compared to the same quarter last year. As a group, research analysts forecast that Constellation Brands Inc will post 11.9 earnings per share for the current fiscal year.

Constellation Brands Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 14th. Stockholders of record on Wednesday, April 29th will be issued a dividend of $1.03 per share. The ex-dividend date of this dividend is Wednesday, April 29th. This is a positive change from Constellation Brands’s previous quarterly dividend of $1.02. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.8%. Constellation Brands’s payout ratio is currently 42.96%.

Constellation Brands Profile

Constellation Brands, Inc is a leading producer and marketer of beer, wine and spirits, with operations spanning production, importation, marketing and distribution. The company’s beverage portfolio includes a range of premium and mainstream wines and spirits alongside major imported beer brands; in the U.S. market Constellation is widely known for its role in bringing Mexican imports such as Corona and Modelo to American consumers. Constellation supplies retail, on‑premise and foodservice channels and supports its brands with national sales and marketing platforms and supply‑chain capabilities.

The company traces its roots to the Canandaigua Wine Company, founded by Marvin Sands in 1945, and evolved through organic growth and acquisition into a diversified beverage company.