Constellation Brands, Inc. (NYSE:STZ) Shares Purchased by Klingenstein Fields & Co. LP

Klingenstein Fields & Co. LP increased its stake in Constellation Brands, Inc. (NYSE:STZ) by 0.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 114,808 shares of the company’s stock after purchasing an additional 159 shares during the quarter. Klingenstein Fields & Co. LP owned 0.06% of Constellation Brands worth $25,373,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Grimes & Company Inc. purchased a new stake in shares of Constellation Brands during the fourth quarter worth about $6,099,000. Southern Style Financial Inc. purchased a new stake in shares of Constellation Brands during the fourth quarter worth about $3,074,000. Paloma Partners Management Co grew its holdings in shares of Constellation Brands by 568.4% during the third quarter. Paloma Partners Management Co now owns 30,000 shares of the company’s stock worth $7,731,000 after buying an additional 25,512 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of Constellation Brands by 3.7% during the third quarter. Nomura Asset Management Co. Ltd. now owns 84,204 shares of the company’s stock worth $21,699,000 after buying an additional 2,980 shares in the last quarter. Finally, Empowered Funds LLC boosted its position in shares of Constellation Brands by 318.8% in the third quarter. Empowered Funds LLC now owns 10,184 shares of the company’s stock worth $2,624,000 after acquiring an additional 7,752 shares during the last quarter. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Constellation Brands Stock Performance

Shares of STZ opened at $163.25 on Friday. Constellation Brands, Inc. has a 1 year low of $160.46 and a 1 year high of $274.87. The company has a market cap of $29.50 billion, a price-to-earnings ratio of 43.88, a price-to-earnings-growth ratio of 1.51 and a beta of 1.75. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. The firm has a fifty day moving average of $204.40 and a 200-day moving average of $229.45.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Friday, January 10th. The company reported $3.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.33 by ($0.08). The firm had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.53 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The business’s revenue was down .3% compared to the same quarter last year. During the same period last year, the firm posted $3.19 EPS. As a group, equities analysts anticipate that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 2.47%. The ex-dividend date is Friday, February 7th. Constellation Brands’s payout ratio is currently 108.60%.

Wall Street Analyst Weigh In

STZ has been the topic of several research analyst reports. StockNews.com raised shares of Constellation Brands from a “sell” rating to a “hold” rating in a research report on Thursday. Morgan Stanley decreased their target price on shares of Constellation Brands from $280.00 to $220.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. TD Cowen reduced their price target on shares of Constellation Brands from $270.00 to $260.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $240.00 price target on shares of Constellation Brands in a research report on Monday, January 27th. Finally, Evercore ISI reduced their price target on shares of Constellation Brands from $300.00 to $250.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Ten investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, Constellation Brands has a consensus rating of “Moderate Buy” and a consensus price target of $254.29.

Insider Buying and Selling

In other Constellation Brands news, major shareholder Wildstar Partners Llc sold 660 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total transaction of $159,060.00. Following the sale, the insider now owns 1,736,884 shares in the company, valued at approximately $418,589,044. The trade was a 0.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William T. Giles acquired 1,000 shares of the business’s stock in a transaction on Friday, January 17th. The shares were bought at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the acquisition, the director now owns 1,463 shares in the company, valued at approximately $272,688.57. This trade represents a 215.98 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 12.19% of the company’s stock.

About Constellation Brands

Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company provides beer primarily under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands.