Janus Henderson Group PLC Has $386.78 Million Stock Position in Constellation Brands, Inc. (NYSE:STZ)

Janus Henderson Group PLC decreased its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 5.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,750,111 shares of the company’s stock after selling 102,970 shares during the quarter. Janus Henderson Group PLC owned about 0.97% of Constellation Brands worth $386,784,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Mainstream Capital Management LLC acquired a new position in shares of Constellation Brands during the 4th quarter worth approximately $25,000. SBI Securities Co. Ltd. acquired a new position in shares of Constellation Brands during the 4th quarter worth approximately $26,000. Compagnie Lombard Odier SCmA acquired a new position in shares of Constellation Brands during the 4th quarter worth approximately $27,000. Union Bancaire Privee UBP SA acquired a new position in shares of Constellation Brands during the 4th quarter worth approximately $28,000. Finally, Optiver Holding B.V. acquired a new position in shares of Constellation Brands during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Stock Performance

NYSE:STZ opened at $190.02 on Monday. The stock has a fifty day moving average price of $183.37 and a 200-day moving average price of $200.58. The company has a market cap of $33.83 billion, a price-to-earnings ratio of 51.08, a PEG ratio of 1.52 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. Constellation Brands, Inc. has a fifty-two week low of $160.46 and a fifty-two week high of $265.70.

Constellation Brands (NYSE:STZ) last released its earnings results on Wednesday, April 9th. The company reported $2.63 earnings per share for the quarter, beating analysts’ consensus estimates of $2.28 by $0.35. The firm had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.14 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.26 EPS. As a group, equities analysts anticipate that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Increases Dividend

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

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Roth Mkm lowered their price target on Constellation Brands from $284.00 to $256.00 and set a “buy” rating on the stock in a research report on Thursday, April 3rd. Citigroup reduced their target price on Constellation Brands from $200.00 to $190.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Barclays lifted their target price on Constellation Brands from $203.00 to $207.00 and gave the stock an “overweight” rating in a research note on Monday, April 14th. Needham & Company LLC reiterated a “buy” rating and set a $215.00 target price on shares of Constellation Brands in a research note on Thursday, April 10th. Finally, The Goldman Sachs Group reduced their target price on Constellation Brands from $260.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $225.74.

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.