833 Shares in Constellation Brands, Inc. (NYSE:STZ) Acquired by Roman Butler Fullerton & Co.

Roman Butler Fullerton & Co. acquired a new position in shares of Constellation Brands, Inc. (NYSE:STZ) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 833 shares of the company’s stock, valued at approximately $208,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Constellation Brands by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 12,601,280 shares of the company’s stock worth $2,902,327,000 after purchasing an additional 313,344 shares in the last quarter. Morgan Stanley boosted its stake in Constellation Brands by 1.5% during the third quarter. Morgan Stanley now owns 4,050,468 shares of the company’s stock worth $1,018,005,000 after acquiring an additional 58,518 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its stake in Constellation Brands by 84,839.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 3,742,434 shares of the company’s stock worth $867,309,000 after acquiring an additional 3,738,028 shares in the last quarter. Barclays PLC boosted its stake in Constellation Brands by 102.0% during the second quarter. Barclays PLC now owns 2,937,570 shares of the company’s stock worth $723,027,000 after acquiring an additional 1,483,668 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Constellation Brands by 1.8% during the first quarter. Geode Capital Management LLC now owns 2,863,322 shares of the company’s stock worth $645,055,000 after acquiring an additional 50,672 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Constellation Brands Stock Performance

NYSE STZ opened at $258.68 on Friday. Constellation Brands, Inc. has a 52-week low of $221.81 and a 52-week high of $274.87. The company has a 50-day simple moving average of $257.82 and a 200 day simple moving average of $247.21. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.53 and a current ratio of 1.19. The company has a market capitalization of $47.29 billion, a PE ratio of 27.58, a price-to-earnings-growth ratio of 1.74 and a beta of 0.97.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Thursday, April 11th. The company reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.16. Constellation Brands had a net margin of 16.13% and a return on equity of 23.06%. The business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter last year, the company posted $1.98 earnings per share. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, research analysts predict that Constellation Brands, Inc. will post 13.51 EPS for the current year.

Constellation Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Thursday, May 2nd. This is an increase from Constellation Brands’s previous quarterly dividend of $0.89. Constellation Brands’s dividend payout ratio (DPR) is 37.95%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on STZ. Deutsche Bank Aktiengesellschaft increased their target price on shares of Constellation Brands from $256.00 to $262.00 and gave the stock a “hold” rating in a research note on Wednesday, April 10th. Barclays upped their price objective on shares of Constellation Brands from $294.00 to $295.00 and gave the stock an “overweight” rating in a report on Monday. Bank of America upped their price objective on shares of Constellation Brands from $290.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, March 18th. BMO Capital Markets upped their price objective on shares of Constellation Brands from $290.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, April 12th. Finally, Argus upgraded shares of Constellation Brands from a “hold” rating to a “buy” rating and set a $306.00 price objective on the stock in a report on Monday. Three equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $298.55.

Insider Buying and Selling

In other Constellation Brands news, EVP James A. Jr. Sabia sold 15,781 shares of the stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $263.63, for a total transaction of $4,160,345.03. Following the completion of the transaction, the executive vice president now owns 20,910 shares in the company, valued at $5,512,503.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 16.19% of the stock is currently owned by corporate insiders.

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 Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Victoria, Vicky Chamoy, and Pacifico brands.