Deutsche Bank AG Acquires 60,008 Shares of Constellation Brands, Inc. (NYSE:STZ)

Deutsche Bank AG raised its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 8.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 807,122 shares of the company’s stock after buying an additional 60,008 shares during the period. Deutsche Bank AG owned 0.45% of Constellation Brands worth $178,374,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in STZ. Vanguard Group Inc. boosted its position in Constellation Brands by 13.3% during the fourth quarter. Vanguard Group Inc. now owns 15,534,787 shares of the company’s stock worth $3,433,188,000 after purchasing an additional 1,821,969 shares during the period. Capital World Investors boosted its holdings in shares of Constellation Brands by 3.4% during the 4th quarter. Capital World Investors now owns 9,755,602 shares of the company’s stock worth $2,155,946,000 after buying an additional 324,690 shares during the period. Berkshire Hathaway Inc acquired a new position in Constellation Brands in the 4th quarter valued at $1,242,976,000. Geode Capital Management LLC raised its holdings in Constellation Brands by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 3,204,003 shares of the company’s stock worth $705,844,000 after acquiring an additional 63,323 shares during the period. Finally, Capital Research Global Investors lifted its position in Constellation Brands by 0.6% during the 4th quarter. Capital Research Global Investors now owns 2,901,975 shares of the company’s stock worth $641,336,000 after acquiring an additional 18,557 shares during the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Wall Street Analyst Weigh In

STZ has been the topic of a number of recent analyst reports. Roth Mkm dropped their price objective on Constellation Brands from $284.00 to $256.00 and set a “buy” rating on the stock in a research note on Thursday, April 3rd. StockNews.com raised Constellation Brands from a “sell” rating to a “hold” rating in a research report on Thursday. Argus cut Constellation Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. UBS Group dropped their target price on shares of Constellation Brands from $265.00 to $223.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $201.00 price target (down from $310.00) on shares of Constellation Brands in a research report on Monday, January 13th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $225.74.

Constellation Brands Price Performance

NYSE:STZ opened at $190.02 on Friday. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. The firm has a market cap of $33.83 billion, a PE ratio of 51.08, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a 12 month low of $160.46 and a 12 month high of $265.70. The company’s 50-day moving average price is $183.37 and its two-hundred day moving average price is $201.13.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Wednesday, April 9th. The company reported $2.63 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $0.35. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same period in the prior year, the company earned $2.26 EPS. Constellation Brands’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, equities analysts anticipate that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Tuesday, April 29th will be given a dividend of $1.02 per share. This is an increase from Constellation Brands’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Tuesday, April 29th. This represents a $4.08 annualized dividend and a yield of 2.15%. Constellation Brands’s dividend payout ratio is -800.00%.

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.