Fox Run Management L.L.C. Purchases 3,305 Shares of Constellation Brands, Inc. (NYSE:STZ)

Fox Run Management L.L.C. boosted its position in Constellation Brands, Inc. (NYSE:STZ) by 126.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,914 shares of the company’s stock after purchasing an additional 3,305 shares during the quarter. Fox Run Management L.L.C.’s holdings in Constellation Brands were worth $1,307,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. State Street Corp boosted its position in shares of Constellation Brands by 6.0% in the third quarter. State Street Corp now owns 7,144,428 shares of the company’s stock valued at $1,841,048,000 after acquiring an additional 402,211 shares during the period. Janus Henderson Group PLC raised its stake in Constellation Brands by 1.2% in the 3rd quarter. Janus Henderson Group PLC now owns 1,853,081 shares of the company’s stock worth $477,515,000 after purchasing an additional 21,454 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Constellation Brands by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,782,964 shares of the company’s stock valued at $394,035,000 after purchasing an additional 38,786 shares during the period. American Century Companies Inc. grew its position in shares of Constellation Brands by 1.9% during the 4th quarter. American Century Companies Inc. now owns 1,372,485 shares of the company’s stock worth $303,319,000 after purchasing an additional 25,110 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of Constellation Brands by 1,844.7% during the fourth quarter. Van ECK Associates Corp now owns 924,274 shares of the company’s stock worth $204,265,000 after purchasing an additional 876,745 shares during the period. 77.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on STZ shares. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $203.00 price target (down from $262.00) on shares of Constellation Brands in a research note on Monday, January 13th. BNP Paribas began coverage on Constellation Brands in a research report on Monday, November 25th. They set a “neutral” rating and a $261.00 target price for the company. UBS Group decreased their price target on Constellation Brands from $265.00 to $223.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Argus cut shares of Constellation Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, Citigroup lowered shares of Constellation Brands from a “buy” rating to a “neutral” rating and decreased their target price for the company from $260.00 to $200.00 in a report on Thursday. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $250.41.

Insider Buying and Selling at Constellation Brands

In related news, Director William T. Giles acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The shares were bought at an average cost of $186.39 per share, with a total value of $186,390.00. Following the completion of the purchase, the director now directly owns 1,463 shares in the company, valued at $272,688.57. The trade was a 215.98 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 12.19% of the company’s stock.

Constellation Brands Stock Performance

NYSE:STZ opened at $177.73 on Friday. The stock’s 50-day moving average is $177.32 and its 200-day moving average is $217.28. Constellation Brands, Inc. has a 1-year low of $160.46 and a 1-year high of $274.87. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. The stock has a market cap of $32.12 billion, a P/E ratio of 47.78, a price-to-earnings-growth ratio of 1.52 and a beta of 0.90.

Constellation Brands (NYSE:STZ) last posted its earnings results on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). The business had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.53 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The company’s revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.19 earnings per share. Equities research 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 announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 2.27%. The ex-dividend date was Friday, February 7th. Constellation Brands’s payout ratio is presently 108.60%.

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.