Brookstone Capital Management raised its stake in shares of Constellation Brands, Inc. (NYSE:STZ – Get Rating) by 55.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,795 shares of the company’s stock after acquiring an additional 6,680 shares during the period. Brookstone Capital Management’s holdings in Constellation Brands were worth $4,027,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of STZ. Prudential PLC bought a new position in Constellation Brands during the 1st quarter valued at $705,000. Cetera Investment Advisers lifted its stake in Constellation Brands by 1.0% during the 1st quarter. Cetera Investment Advisers now owns 17,026 shares of the company’s stock valued at $3,921,000 after acquiring an additional 163 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in Constellation Brands by 17.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,149 shares of the company’s stock valued at $725,000 after acquiring an additional 471 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of 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 during the period. Finally, Ergoteles LLC bought a new stake in shares of Constellation Brands during the 1st quarter worth $257,000. 84.87% of the stock is currently owned by institutional investors.
Constellation Brands Price Performance
STZ opened at $210.90 on Friday. The stock has a fifty day simple moving average of $223.52 and a two-hundred day simple moving average of $233.53. The company has a current ratio of 1.29, a quick ratio of 0.63 and a debt-to-equity ratio of 1.29. The company has a market cap of $38.92 billion, a price-to-earnings ratio of 602.59, a price-to-earnings-growth ratio of 2.03 and a beta of 1.01. Constellation Brands, Inc. has a 12-month low of $208.12 and a 12-month high of $261.52.
Constellation Brands Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 22nd. Shareholders of record on Wednesday, February 8th were issued a $0.80 dividend. The ex-dividend date of this dividend was Tuesday, February 7th. This represents a $3.20 dividend on an annualized basis and a yield of 1.52%. Constellation Brands’s dividend payout ratio (DPR) is 914.31%.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the company. Credit Suisse Group lowered their price objective on Constellation Brands from $260.00 to $250.00 and set an “outperform” rating on the stock in a research note on Friday, January 6th. Wells Fargo & Company upped their target price on Constellation Brands from $240.00 to $250.00 and gave the stock an “overweight” rating in a research note on Thursday, January 26th. Cowen downgraded Constellation Brands from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $275.00 to $200.00 in a research report on Friday, January 6th. Morgan Stanley lowered their price objective on Constellation Brands from $298.00 to $277.00 and set an “overweight” rating for the company in a research report on Friday, January 6th. Finally, BMO Capital Markets lowered their price objective on Constellation Brands from $290.00 to $265.00 and set an “outperform” rating for the company in a research report on Friday, January 6th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $252.76.
Constellation Brands Profile
Constellation Brands, Inc engages in the production, marketing, and distribution of beer, wine, and spirits. It operates through the following segments: Beer, Wine and Spirits, and Corporate Operations and Other, and Canopy. The Beer segment includes imported and craft beer brands. The Wine and Spirits segment sells wine brands across all categories-table wine, sparkling wine, and dessert wine-and across all price points.
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