CIBC Asset Management Inc Grows Holdings in Constellation Brands, Inc. (NYSE:STZ)

CIBC Asset Management Inc increased its position in Constellation Brands, Inc. (NYSE:STZ) by 3.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,372 shares of the company’s stock after acquiring an additional 560 shares during the quarter. CIBC Asset Management Inc’s holdings in Constellation Brands were worth $3,449,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Berman Capital Advisors LLC increased its holdings in Constellation Brands by 17.9% in the 2nd quarter. Berman Capital Advisors LLC now owns 342 shares of the company’s stock worth $79,000 after acquiring an additional 52 shares in the last quarter. Seeyond increased its holdings in Constellation Brands by 0.4% in the 2nd quarter. Seeyond now owns 11,637 shares of the company’s stock worth $2,721,000 after acquiring an additional 52 shares in the last quarter. Boston Private Wealth LLC increased its holdings in Constellation Brands by 1.8% in the 3rd quarter. Boston Private Wealth LLC now owns 3,055 shares of the company’s stock worth $643,000 after acquiring an additional 53 shares in the last quarter. X Square Capital LLC increased its holdings in Constellation Brands by 3.6% in the 2nd quarter. X Square Capital LLC now owns 1,583 shares of the company’s stock worth $370,000 after acquiring an additional 55 shares in the last quarter. Finally, NEXT Financial Group Inc boosted its stake in Constellation Brands by 5.2% in the 3rd quarter. NEXT Financial Group Inc now owns 1,149 shares of the company’s stock worth $242,000 after purchasing an additional 57 shares during the period. 69.16% of the stock is owned by institutional investors.

Shares of STZ opened at $248.64 on Friday. The company has a market cap of $46.77 billion, a PE ratio of -828.80, a P/E/G ratio of 2.75 and a beta of 1.18. The business has a fifty day moving average of $237.93 and a 200 day moving average of $225.23. Constellation Brands, Inc. has a 52-week low of $207.35 and a 52-week high of $258.00. The company has a quick ratio of 0.83, a current ratio of 1.50 and a debt-to-equity ratio of 0.87.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Thursday, January 6th. The company reported $3.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.76 by $0.36. The company had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.28 billion. Constellation Brands had a positive return on equity of 15.03% and a negative net margin of 0.56%. Constellation Brands’s revenue was down 4.8% on a year-over-year basis. During the same period last year, the company earned $3.09 earnings per share. As a group, research analysts anticipate that Constellation Brands, Inc. will post 10.11 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 23rd. Shareholders of record on Wednesday, February 9th will be paid a $0.76 dividend. The ex-dividend date of this dividend is Tuesday, February 8th. This represents a $3.04 dividend on an annualized basis and a yield of 1.22%. Constellation Brands’s payout ratio is -310.00%.

Several research firms have weighed in on STZ. MKM Partners restated a “hold” rating and issued a $226.00 price target on shares of Constellation Brands in a research note on Thursday, October 7th. JPMorgan Chase & Co. upped their price target on Constellation Brands from $275.00 to $283.00 and gave the stock an “overweight” rating in a research note on Monday, January 3rd. Wells Fargo & Company upped their price target on Constellation Brands from $265.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 4th. TheStreet upgraded Constellation Brands from a “c+” rating to a “b-” rating in a research note on Monday, December 6th. Finally, Citigroup dropped their price target on Constellation Brands from $257.00 to $239.00 and set a “neutral” rating for the company in a research note on Thursday, October 7th. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Constellation Brands has a consensus rating of “Buy” and an average target price of $269.70.

Constellation Brands Company Profile

Constellation Brands, Inc engages in the production, marketing, and distribution of beer, wine, and spirits. It operates through the following segments: Beer, Wine and Spirits, and Corporate Operations and Other, and Canopy. The Beer segment includes imported and craft beer brands. The Wine and Spirits segment sells wine brands across all categories-table wine, sparkling wine, and dessert wine-and across all price points.

Recommended Story: What is a Lock-Up Period?

Want to see what other hedge funds are holding STZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Constellation Brands, Inc. (NYSE:STZ).

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

Receive News & Ratings for Constellation Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Constellation Brands and related companies with MarketBeat.com's FREE daily email newsletter.