Whittier Trust Co. increased its position in Constellation Brands, Inc. (NYSE:STZ) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,132 shares of the company’s stock after buying an additional 320 shares during the period. Whittier Trust Co.’s holdings in Constellation Brands were worth $11,002,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. San Francisco Sentry Investment Group CA grew its stake in shares of Constellation Brands by 21.2% in the 4th quarter. San Francisco Sentry Investment Group CA now owns 1,855 shares of the company’s stock valued at $424,000 after buying an additional 325 shares during the period. Girard Partners LTD. grew its stake in shares of Constellation Brands by 16.3% in the 4th quarter. Girard Partners LTD. now owns 11,596 shares of the company’s stock valued at $2,650,000 after buying an additional 1,628 shares during the period. OLD National Bancorp IN grew its stake in shares of Constellation Brands by 4.8% in the 4th quarter. OLD National Bancorp IN now owns 31,772 shares of the company’s stock valued at $7,262,000 after buying an additional 1,459 shares during the period. Oppenheimer & Co. Inc. grew its stake in shares of Constellation Brands by 13.5% in the 4th quarter. Oppenheimer & Co. Inc. now owns 30,475 shares of the company’s stock valued at $6,966,000 after buying an additional 3,620 shares during the period. Finally, Swiss National Bank grew its stake in shares of Constellation Brands by 0.9% in 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 during the period. Institutional investors own 75.45% of the company’s stock.

In other 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 transaction, the director now owns 20,790 shares in the company, valued at approximately $4,582,531.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 15.59% of the stock is owned by insiders.

Several analysts have recently commented on the company. Vetr upgraded Constellation Brands from a “buy” rating to a “strong-buy” rating and set a $238.15 target price for the company in a research note on Monday. BMO Capital Markets began coverage on Constellation Brands in a research note on Monday, February 5th. They issued an “outperform” rating and a $275.00 target price for the company. Evercore ISI lifted their price target on Constellation Brands from $235.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, January 5th. Susquehanna Bancshares set a $207.00 price target on Constellation Brands and gave the company a “hold” rating in a research note on Monday, January 1st. Finally, Barclays began coverage on Constellation Brands in a research note on Wednesday, January 10th. They set an “overweight” rating and a $255.00 price target for the company. Five analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $237.77.

Constellation Brands, Inc. (STZ) opened at $210.26 on Friday. The stock has a market capitalization of $40,939.73, a PE ratio of 25.36, a price-to-earnings-growth ratio of 1.29 and a beta of 0.11. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.54 and a current ratio of 1.40. Constellation Brands, Inc. has a 12 month low of $153.28 and a 12 month high of $229.50.

Constellation Brands (NYSE:STZ) last announced its earnings results on Friday, January 5th. The company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $0.13. Constellation Brands had a return on equity of 22.04% and a net margin of 22.55%. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the previous year, the business earned $1.96 EPS. equities research analysts expect that Constellation Brands, Inc. will post 8.53 earnings per share for the current fiscal year.

Constellation Brands declared that its Board of Directors has authorized a share repurchase program on Friday, January 5th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 9th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.99%. Constellation Brands’s payout ratio is presently 22.66%.

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Constellation Brands Profile

Constellation Brands, Inc is an international beverage alcohol company. The Company is a producer and marketer of beer, wine and spirits with operations in the United States, Canada, Mexico, New Zealand and Italy. Its segments include Beer, Wine and Spirits, and Corporate Operations and Other. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States.

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

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