Constellation Brands, Inc. (NYSE:STZ) Shares Sold by Bokf Na

Bokf Na cut its holdings in Constellation Brands, Inc. (NYSE:STZ) by 33.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,237 shares of the company’s stock after selling 6,569 shares during the quarter. Bokf Na’s holdings in Constellation Brands were worth $2,925,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Berkshire Hathaway Inc purchased a new stake in Constellation Brands in the 4th quarter valued at approximately $1,242,976,000. Norges Bank acquired a new position in Constellation Brands during the fourth quarter worth $445,883,000. Vanguard Group Inc. raised its position in Constellation Brands by 13.3% in the fourth quarter. Vanguard Group Inc. now owns 15,534,787 shares of the company’s stock worth $3,433,188,000 after acquiring an additional 1,821,969 shares in the last quarter. D1 Capital Partners L.P. lifted its holdings in Constellation Brands by 186.6% in the fourth quarter. D1 Capital Partners L.P. now owns 1,527,689 shares of the company’s stock valued at $337,619,000 after acquiring an additional 994,639 shares during the period. Finally, Van ECK Associates Corp boosted its position in shares of Constellation Brands by 1,844.7% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on STZ shares. Roth Capital decreased their price objective on shares of Constellation Brands from $298.00 to $284.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Wells Fargo & Company lowered their price target on Constellation Brands from $230.00 to $210.00 and set an “overweight” rating on the stock in a report on Wednesday, April 2nd. Roth Mkm reduced their price objective on Constellation Brands from $284.00 to $256.00 and set a “buy” rating for the company in a report on Thursday, April 3rd. JPMorgan Chase & Co. lowered their target price on Constellation Brands from $203.00 to $194.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Finally, Royal Bank of Canada decreased their price objective on shares of Constellation Brands from $289.00 to $233.00 and set an “outperform” rating on the stock in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $225.74.

Constellation Brands Price Performance

STZ stock opened at $189.67 on Thursday. The stock has a market capitalization of $33.76 billion, a price-to-earnings ratio of 50.99, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. Constellation Brands, Inc. has a 52-week low of $160.46 and a 52-week high of $265.70. The stock’s fifty day simple moving average is $182.70 and its 200-day simple moving average is $201.82.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Wednesday, April 9th. The company reported $2.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.28 by $0.35. The firm had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.14 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the company earned $2.26 EPS. Equities research analysts expect that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 29th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Tuesday, April 29th. This represents a $4.08 dividend on an annualized basis and a yield of 2.15%. This is an increase from Constellation Brands’s previous quarterly dividend of $1.01. Constellation Brands’s dividend payout ratio (DPR) is currently -800.00%.

Constellation Brands Company Profile

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.