Arizona State Retirement System boosted its position in Constellation Brands, Inc. (NYSE:STZ) by 6.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 76,395 shares of the company’s stock after purchasing an additional 4,371 shares during the quarter. Arizona State Retirement System’s holdings in Constellation Brands were worth $17,462,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in STZ. Egerton Capital UK LLP raised its holdings in Constellation Brands by 13.0% in the third quarter. Egerton Capital UK LLP now owns 3,071,057 shares of the company’s stock worth $612,522,000 after purchasing an additional 353,490 shares in the last quarter. KAMES CAPITAL plc raised its holdings in Constellation Brands by 3,223.4% in the fourth quarter. KAMES CAPITAL plc now owns 326,658 shares of the company’s stock worth $74,671,000 after purchasing an additional 316,829 shares in the last quarter. Truepoint Inc. bought a new position in Constellation Brands in the third quarter worth about $294,000. Lord Abbett & CO. LLC acquired a new position in shares of Constellation Brands during the second quarter valued at about $43,914,000. Finally, Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Constellation Brands by 501.4% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 200,770 shares of the company’s stock valued at $40,212,000 after acquiring an additional 167,385 shares in the last quarter. Institutional investors and hedge funds own 75.36% of the company’s stock.

Several research firms have recently issued reports on STZ. Evercore ISI upped their price objective on shares of Constellation Brands from $235.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, January 5th. Vetr upgraded shares of Constellation Brands from a “buy” rating to a “strong-buy” rating and set a $238.15 price objective on the stock in a report on Monday. SunTrust Banks restated a “buy” rating and set a $250.00 price objective (up previously from $230.00) on shares of Constellation Brands in a report on Monday, January 8th. Royal Bank of Canada restated a “buy” rating and set a $226.00 price objective on shares of Constellation Brands in a report on Sunday, November 12th. Finally, Zacks Investment Research upgraded shares of Constellation Brands from a “hold” rating to a “buy” rating and set a $249.00 price objective on the stock in a report on Monday, December 18th. Five investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $237.77.

In related news, Director Barry A. Fromberg sold 2,005 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $220.42, for a total value of $441,942.10. Following the sale, the director now owns 20,790 shares in the company, valued at $4,582,531.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. 15.59% of the stock is owned by corporate insiders.

Shares of Constellation Brands, Inc. (NYSE STZ) opened at $214.00 on Thursday. The company has a market capitalization of $41,564.75, a P/E ratio of 25.75, a P/E/G ratio of 1.31 and a beta of 0.11. Constellation Brands, Inc. has a 52-week low of $153.28 and a 52-week high of $229.50. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.40 and a quick ratio of 0.54.

Constellation Brands (NYSE:STZ) last issued its earnings results on Friday, January 5th. The company reported $2.00 EPS for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.13. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.87 billion. Constellation Brands had a return on equity of 22.04% and a net margin of 22.55%. During the same quarter in the prior year, the firm earned $1.96 earnings per share. equities analysts expect that Constellation Brands, Inc. will post 8.53 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 9th will be given a $0.52 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a yield of 0.97%. Constellation Brands’s dividend payout ratio is currently 22.66%.

Constellation Brands announced that its Board of Directors has approved a share buyback plan on Friday, January 5th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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Constellation Brands Company Profile

Constellation Brands, Inc is an international beverage alcohol company. The Company is a producer and marketer of beer, wine and spirits with operations in the United States, Canada, Mexico, New Zealand and Italy. Its segments include Beer, Wine and Spirits, and Corporate Operations and Other. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States.

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Institutional Ownership by Quarter for Constellation Brands (NYSE:STZ)

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