Constellation Brands, Inc. (NYSE:STZ) Position Increased by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC boosted its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 2.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,399 shares of the company’s stock after purchasing an additional 109 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Constellation Brands were worth $1,193,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Pictet Asset Management Holding SA grew its position in shares of Constellation Brands by 1.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 82,748 shares of the company’s stock worth $18,287,000 after acquiring an additional 791 shares during the last quarter. Providence Capital Advisors LLC grew its position in Constellation Brands by 39,878.5% in the 4th quarter. Providence Capital Advisors LLC now owns 25,986 shares of the company’s stock worth $5,743,000 after purchasing an additional 25,921 shares during the last quarter. Norges Bank acquired a new stake in shares of Constellation Brands in the fourth quarter valued at approximately $445,883,000. Loomis Sayles & Co. L P increased its stake in shares of Constellation Brands by 55.6% in the fourth quarter. Loomis Sayles & Co. L P now owns 291 shares of the company’s stock valued at $64,000 after purchasing an additional 104 shares during the period. Finally, AssuredPartners Investment Advisors LLC bought a new stake in shares of Constellation Brands during the fourth quarter valued at approximately $475,000. 77.34% of the stock is currently owned by institutional investors.

Constellation Brands Trading Down 4.2 %

NYSE STZ opened at $173.79 on Friday. The firm’s 50 day moving average price is $177.14 and its two-hundred day moving average price is $212.55. The stock has a market cap of $31.41 billion, a price-to-earnings ratio of 46.72, a PEG ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a twelve month low of $160.46 and a twelve month high of $274.87. 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 (NYSE:STZ) last posted its quarterly earnings results on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing the consensus estimate of $3.33 by ($0.08). Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The business had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.53 billion. During the same period in the previous year, the firm posted $3.19 earnings per share. The firm’s quarterly revenue was down .3% on a year-over-year basis. Equities analysts anticipate that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date was Friday, February 7th. Constellation Brands’s payout ratio is presently 108.60%.

Insider Buying and Selling at Constellation Brands

In related news, Director William T. Giles purchased 1,000 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were acquired 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 owns 1,463 shares of the company’s stock, valued at $272,688.57. The trade was a 215.98 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 12.19% of the company’s stock.

Analyst Upgrades and Downgrades

STZ has been the topic of several analyst reports. StockNews.com cut Constellation Brands from a “hold” rating to a “sell” rating in a research report on Friday, March 14th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $201.00 price objective (down previously from $310.00) on shares of Constellation Brands in a report on Monday, January 13th. Barclays lowered their target price on shares of Constellation Brands from $205.00 to $203.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. Citigroup lowered shares of Constellation Brands from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $260.00 to $200.00 in a research note on Thursday, March 20th. Finally, Argus lowered shares of Constellation Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $244.32.

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.