Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Constellation Brands (NYSE:STZ) by 12.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 11,158 shares of the company’s stock after buying an additional 1,249 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Constellation Brands were worth $2,549,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Geode Capital Management LLC grew its holdings in Constellation Brands by 5.6% during the 4th quarter. Geode Capital Management LLC now owns 1,682,164 shares of the company’s stock valued at $383,615,000 after buying an additional 88,681 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Constellation Brands by 11,394.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,183,937 shares of the company’s stock valued at $270,612,000 after buying an additional 1,173,637 shares in the last quarter. Westfield Capital Management Co. LP grew its holdings in Constellation Brands by 11.0% during the 3rd quarter. Westfield Capital Management Co. LP now owns 857,830 shares of the company’s stock valued at $171,094,000 after buying an additional 84,876 shares in the last quarter. Swiss National Bank grew its holdings in Constellation Brands by 0.9% during the 4th quarter. Swiss National Bank now owns 772,716 shares of the company’s stock valued at $176,620,000 after buying an additional 6,800 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in Constellation Brands by 2.7% during the 3rd quarter. Legal & General Group Plc now owns 695,418 shares of the company’s stock valued at $138,703,000 after buying an additional 18,400 shares in the last quarter. 74.53% of the stock is owned by institutional investors and hedge funds.

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A number of research analysts have weighed in on the company. Evercore ISI lifted their target price on Constellation Brands from $235.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, January 5th. Vetr raised Constellation Brands from a “buy” rating to a “strong-buy” rating and set a $238.15 target price for the company in a report on Monday, February 12th. Zacks Investment Research lowered Constellation Brands from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. SunTrust Banks reissued a “buy” rating and set a $250.00 price objective (up previously from $230.00) on shares of Constellation Brands in a report on Monday, January 8th. Finally, Societe Generale raised Constellation Brands from a “hold” rating to a “buy” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $237.77.

In related news, Director Barry A. Fromberg sold 2,005 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $220.42, for a total value of $441,942.10. Following the completion of the sale, the director now owns 20,790 shares in the company, valued at approximately $4,582,531.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 15.59% of the company’s stock.

Shares of Constellation Brands (NYSE STZ) opened at $224.23 on Friday. The firm has a market capitalization of $44,018.09, a P/E ratio of 27.27, a P/E/G ratio of 1.27 and a beta of 0.14. Constellation Brands has a 12-month low of $160.53 and a 12-month high of $231.83. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.40 and a quick ratio of 0.54.

Constellation Brands (NYSE:STZ) last released its earnings results on Friday, January 5th. The company reported $2.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.87 by $0.13. The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.87 billion. Constellation Brands had a return on equity of 22.04% and a net margin of 22.55%. During the same quarter in the previous year, the company posted $1.96 EPS. analysts expect that Constellation Brands will post 8.54 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were given a $0.52 dividend. The ex-dividend date was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a yield of 0.93%. Constellation Brands’s payout ratio is 22.66%.

Constellation Brands announced that its board has authorized a share buyback program on Friday, January 5th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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Constellation Brands Company Profile

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 offers beer primarily under the Corona Extra, Corona Light, Modelo Especial, Modelo Negra, and Pacifico brands; wine under the Black Box, Clos du Bois, Estancia, Franciscan Estate, Inniskillin, Kim Crawford, Mark West, Meiomi, Mount Veeder, Nobilo, Robert Mondavi, Ruffino, Saved, Simi, The Dreaming Tree, The Prisoner, Charles Smith, and Wild Horse brands; and sprits under the SVEDKA vodka, Black Velvet Canadian whisky, Casa Noble tequila, High West craft whisky brands.

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

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