Janus Henderson Group PLC Has $386.78 Million Stock Position in Constellation Brands, Inc. (NYSE:STZ)

Janus Henderson Group PLC lessened its position in Constellation Brands, Inc. (NYSE:STZ) by 5.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,750,111 shares of the company’s stock after selling 102,970 shares during the period. Janus Henderson Group PLC’s holdings in Constellation Brands were worth $386,784,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of STZ. Czech National Bank increased its holdings in Constellation Brands by 6.1% in the 4th quarter. Czech National Bank now owns 33,851 shares of the company’s stock worth $7,481,000 after purchasing an additional 1,933 shares in the last quarter. Crescent Sterling Ltd. grew its position in shares of Constellation Brands by 28.1% in the 4th quarter. Crescent Sterling Ltd. now owns 5,747 shares of the company’s stock valued at $1,270,000 after buying an additional 1,259 shares during the last quarter. Brookstone Capital Management grew its position in shares of Constellation Brands by 5.8% in the 4th quarter. Brookstone Capital Management now owns 16,654 shares of the company’s stock valued at $3,681,000 after buying an additional 920 shares during the last quarter. Wedmont Private Capital grew its position in shares of Constellation Brands by 32.8% in the 4th quarter. Wedmont Private Capital now owns 2,671 shares of the company’s stock valued at $590,000 after buying an additional 660 shares during the last quarter. Finally, Miracle Mile Advisors LLC bought a new stake in shares of Constellation Brands in the 4th quarter valued at about $4,239,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Price Performance

Constellation Brands stock opened at $190.02 on Monday. Constellation Brands, Inc. has a 52-week low of $160.46 and a 52-week high of $265.70. The stock’s 50 day moving average price is $183.37 and its two-hundred day moving average price is $200.58. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. The stock has a market capitalization of $33.83 billion, a price-to-earnings ratio of 51.08, a PEG ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last issued its earnings results on Wednesday, April 9th. The company reported $2.63 earnings per share (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 company had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same period last year, the business earned $2.26 EPS. Constellation Brands’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, equities analysts predict that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Tuesday, April 29th will be issued a $1.02 dividend. This is a boost from Constellation Brands’s previous quarterly dividend of $1.01. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Tuesday, April 29th. Constellation Brands’s dividend payout ratio (DPR) is currently -800.00%.

Analyst Ratings Changes

A number of equities research analysts have commented on STZ shares. Roth Capital reduced their price target on Constellation Brands from $298.00 to $284.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Morgan Stanley reduced their price target on Constellation Brands from $202.00 to $195.00 and set an “equal weight” rating on the stock in a research report on Friday, April 11th. Argus lowered Constellation Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Barclays upped their price target on Constellation Brands from $203.00 to $207.00 and gave the company an “overweight” rating in a research report on Monday, April 14th. Finally, Evercore ISI reduced their price target on Constellation Brands from $300.00 to $250.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $225.74.

Constellation Brands 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.