Cetera Trust Company N.A Invests $109,000 in Constellation Brands, Inc. (NYSE:STZ)

Cetera Trust Company N.A bought a new position in Constellation Brands, Inc. (NYSE:STZ) in the fourth quarter, HoldingsChannel.com reports. The fund bought 450 shares of the company’s stock, valued at approximately $109,000.

A number of other hedge funds have also modified their holdings of the stock. Morgan Stanley raised its holdings in shares of Constellation Brands by 1.5% in the 3rd quarter. Morgan Stanley now owns 4,050,468 shares of the company’s stock worth $1,018,005,000 after buying an additional 58,518 shares in the last quarter. Northern Trust Corp increased its holdings in Constellation Brands by 3.7% during the 3rd quarter. Northern Trust Corp now owns 1,499,035 shares of the company’s stock valued at $376,752,000 after purchasing an additional 53,862 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Constellation Brands by 9.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,015,105 shares of the company’s stock valued at $255,126,000 after purchasing an additional 85,330 shares in the last quarter. Darsana Capital Partners LP increased its holdings in Constellation Brands by 288.9% during the 3rd quarter. Darsana Capital Partners LP now owns 875,000 shares of the company’s stock valued at $219,914,000 after purchasing an additional 650,000 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC increased its holdings in Constellation Brands by 9.9% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 800,686 shares of the company’s stock valued at $201,236,000 after purchasing an additional 71,979 shares in the last quarter. 77.34% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Constellation Brands news, EVP James A. Jr. Sabia sold 15,781 shares of Constellation Brands stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $263.63, for a total transaction of $4,160,345.03. Following the transaction, the executive vice president now directly owns 20,910 shares in the company, valued at $5,512,503.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 16.19% of the company’s stock.

Analyst Ratings Changes

STZ has been the subject of a number of recent analyst reports. Wedbush reaffirmed an “outperform” rating and set a $300.00 price target on shares of Constellation Brands in a report on Wednesday, April 10th. Bank of America raised their price target on Constellation Brands from $290.00 to $300.00 and gave the company a “buy” rating in a report on Monday, March 18th. HSBC raised their price target on Constellation Brands from $290.00 to $300.00 and gave the company a “buy” rating in a report on Friday, April 12th. Argus raised Constellation Brands from a “hold” rating to a “buy” rating and set a $306.00 target price for the company in a research note on Monday, April 15th. Finally, UBS Group lifted their target price on Constellation Brands from $312.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Three analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $298.55.

Constellation Brands Stock Down 0.4 %

NYSE:STZ opened at $259.68 on Tuesday. Constellation Brands, Inc. has a 12-month low of $221.81 and a 12-month high of $274.87. The company has a quick ratio of 0.53, a current ratio of 1.19 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $47.47 billion, a P/E ratio of 27.68, a P/E/G ratio of 1.76 and a beta of 0.97. The stock’s fifty day simple moving average is $258.44 and its 200-day simple moving average is $247.40.

Constellation Brands (NYSE:STZ) last posted its earnings results on Thursday, April 11th. The company reported $2.26 earnings per share for the quarter, topping the consensus estimate of $2.10 by $0.16. The firm had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.09 billion. Constellation Brands had a return on equity of 23.06% and a net margin of 16.13%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.98 earnings per share. Equities research analysts expect that Constellation Brands, Inc. will post 13.51 earnings per share for the current year.

Constellation Brands Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 3rd will be issued a dividend of $1.01 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This is a positive change from Constellation Brands’s previous quarterly dividend of $0.89. This represents a $4.04 annualized dividend and a yield of 1.56%. Constellation Brands’s payout ratio is currently 37.95%.

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.