Danske Bank A S Acquires 6,300 Shares of Constellation Brands Inc $STZ

Danske Bank A S boosted its holdings in Constellation Brands Inc (NYSE:STZ) by 8.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,700 shares of the company’s stock after purchasing an additional 6,300 shares during the period. Danske Bank A S’s holdings in Constellation Brands were worth $10,995,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in STZ. Ameriprise Financial Inc. grew its position in Constellation Brands by 650.6% in the second quarter. Ameriprise Financial Inc. now owns 1,769,741 shares of the company’s stock valued at $287,889,000 after purchasing an additional 1,533,961 shares in the last quarter. Vanguard Group Inc. grew its position in Constellation Brands by 3.3% in the third quarter. Vanguard Group Inc. now owns 18,202,611 shares of the company’s stock valued at $2,451,346,000 after purchasing an additional 573,766 shares in the last quarter. Worldquant Millennium Advisors LLC grew its position in Constellation Brands by 1,249.7% in the second quarter. Worldquant Millennium Advisors LLC now owns 476,702 shares of the company’s stock valued at $77,550,000 after purchasing an additional 441,382 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in Constellation Brands by 26.8% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,664,151 shares of the company’s stock valued at $224,111,000 after purchasing an additional 351,241 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in Constellation Brands by 15.5% in the third quarter. Van ECK Associates Corp now owns 2,160,202 shares of the company’s stock valued at $290,915,000 after purchasing an additional 290,701 shares in the last quarter. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Stock Performance

Shares of STZ stock opened at $148.25 on Tuesday. The stock has a market cap of $25.53 billion, a P/E ratio of 15.46, a P/E/G ratio of 3.35 and a beta of 0.43. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.08 and a quick ratio of 0.55. The company has a fifty day moving average price of $154.67 and a two-hundred day moving average price of $147.75. Constellation Brands Inc has a one year low of $126.45 and a one year high of $196.91.

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

Constellation Brands Increases Dividend

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Barclays raised their target price on shares of Constellation Brands from $151.00 to $170.00 and gave the company an “equal weight” rating in a research report on Friday, April 10th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $185.00 price target on shares of Constellation Brands in a research note on Friday, April 10th. UBS Group increased their price target on shares of Constellation Brands from $176.00 to $186.00 and gave the company a “buy” rating in a research note on Friday, April 10th. Morgan Stanley increased their price target on shares of Constellation Brands from $160.00 to $183.00 and gave the company an “equal weight” rating in a research note on Friday, April 10th. Finally, Needham & Company LLC increased their price target on shares of Constellation Brands from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $178.14.

Constellation Brands Company 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.