Davis R M Inc. boosted its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 0.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 101,325 shares of the company’s stock after buying an additional 528 shares during the quarter. Davis R M Inc.’s holdings in Constellation Brands were worth $19,226,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of STZ. Cornerstone Wealth Group LLC raised its holdings in shares of Constellation Brands by 2.6% during the third quarter. Cornerstone Wealth Group LLC now owns 2,235 shares of the company’s stock worth $463,000 after purchasing an additional 57 shares during the last quarter. Wealthfront Advisers LLC increased its stake in shares of Constellation Brands by 1.4% during the fourth quarter. Wealthfront Advisers LLC now owns 4,140 shares of the company’s stock worth $786,000 after purchasing an additional 58 shares in the last quarter. River Wealth Advisors LLC increased its stake in shares of Constellation Brands by 0.5% during the third quarter. River Wealth Advisors LLC now owns 11,541 shares of the company’s stock worth $2,392,000 after purchasing an additional 59 shares in the last quarter. Ballentine Partners LLC increased its stake in shares of Constellation Brands by 5.8% during the third quarter. Ballentine Partners LLC now owns 1,178 shares of the company’s stock worth $244,000 after purchasing an additional 65 shares in the last quarter. Finally, HNP Capital LLC increased its stake in shares of Constellation Brands by 5.4% during the fourth quarter. HNP Capital LLC now owns 1,258 shares of the company’s stock worth $237,000 after purchasing an additional 65 shares in the last quarter. 71.94% of the stock is currently owned by institutional investors.

In related news, CFO David Eric Klein sold 36,488 shares of the company’s stock in a transaction that occurred on Thursday, January 9th. The shares were sold at an average price of $195.48, for a total transaction of $7,132,674.24. Following the sale, the chief financial officer now directly owns 45,380 shares of the company’s stock, valued at approximately $8,870,882.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Robert Lee Hanson sold 4,056 shares of the company’s stock in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of $195.00, for a total transaction of $790,920.00. Following the sale, the executive vice president now directly owns 8,591 shares in the company, valued at $1,675,245. The disclosure for this sale can be found here. 15.86% of the stock is owned by corporate insiders.

Shares of STZ stock traded up $2.10 during trading hours on Thursday, hitting $194.04. The company had a trading volume of 774,160 shares, compared to its average volume of 1,331,626. The company’s fifty day moving average is $187.20 and its 200 day moving average is $194.11. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.41 and a quick ratio of 0.86. Constellation Brands, Inc. has a fifty-two week low of $163.52 and a fifty-two week high of $214.48. The stock has a market capitalization of $36.46 billion, a PE ratio of 46.76, a price-to-earnings-growth ratio of 2.63 and a beta of 0.64.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Wednesday, January 8th. The company reported $2.14 EPS for the quarter, topping the consensus estimate of $1.84 by $0.30. Constellation Brands had a net margin of 9.21% and a return on equity of 14.15%. The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period in the prior year, the business posted $2.37 EPS. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. Equities analysts forecast that Constellation Brands, Inc. will post 8.83 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Tuesday, February 11th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Monday, February 10th. Constellation Brands’s payout ratio is currently 32.33%.

A number of analysts have recently commented on STZ shares. ValuEngine cut shares of Constellation Brands from a “hold” rating to a “sell” rating in a research note on Friday, January 10th. Hanson restated a “sell” rating on shares of Constellation Brands in a research report on Friday, January 10th. Argus lowered shares of Constellation Brands from a “buy” rating to a “hold” rating in a research report on Friday, January 10th. Cowen restated a “buy” rating and set a $240.00 price target on shares of Constellation Brands in a research report on Friday, December 6th. Finally, MKM Partners boosted their price target on shares of Constellation Brands from to in a research report on Thursday, January 9th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $227.61.

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. It provides beer primarily under the Corona Extra, Corona Light, Corona Premier, Corona Familiar Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Four Corners, and Ballast Point brands.

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

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