130 Shares in Constellation Brands, Inc. (NYSE:STZ) Acquired by Minot DeBlois Advisors LLC

Minot DeBlois Advisors LLC purchased a new stake in Constellation Brands, Inc. (NYSE:STZ) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 130 shares of the company’s stock, valued at approximately $29,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Mmbg Investment Advisors CO. raised its stake in shares of Constellation Brands by 5.8% in the 4th quarter. Mmbg Investment Advisors CO. now owns 26,486 shares of the company’s stock valued at $5,853,000 after acquiring an additional 1,450 shares during the period. LRI Investments LLC raised its position in Constellation Brands by 27.3% in the fourth quarter. LRI Investments LLC now owns 806 shares of the company’s stock valued at $178,000 after purchasing an additional 173 shares during the period. Jefferies Financial Group Inc. acquired a new position in shares of Constellation Brands during the fourth quarter worth about $944,000. Gotham Asset Management LLC boosted its position in shares of Constellation Brands by 541.4% in the fourth quarter. Gotham Asset Management LLC now owns 49,752 shares of the company’s stock worth $10,995,000 after buying an additional 41,995 shares during the period. Finally, Graham Capital Management L.P. purchased a new stake in shares of Constellation Brands in the fourth quarter worth about $655,000. 77.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently 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. Roth Mkm reduced their target price on shares of Constellation Brands from $284.00 to $256.00 and set a “buy” rating on the stock in a research report on Thursday, April 3rd. Morgan Stanley decreased their target price on shares of Constellation Brands from $202.00 to $195.00 and set an “equal weight” rating for the company in a research note on Friday, April 11th. JPMorgan Chase & Co. dropped their price target on shares of Constellation Brands from $203.00 to $194.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. Finally, Wells Fargo & Company decreased their price objective on shares of Constellation Brands from $230.00 to $210.00 and set an “overweight” rating for the company in a research report on Wednesday, April 2nd. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Constellation Brands currently has an average rating of “Moderate Buy” and an average target price of $225.74.

Constellation Brands Stock Performance

Constellation Brands stock opened at $188.29 on Wednesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. Constellation Brands, Inc. has a 12 month low of $160.46 and a 12 month high of $265.70. The company has a fifty day moving average price of $183.88 and a two-hundred day moving average price of $200.15. The company has a market cap of $33.52 billion, a PE ratio of 50.62, a P/E/G ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings results on Wednesday, April 9th. The company reported $2.63 EPS for the quarter, beating the consensus estimate of $2.28 by $0.35. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.14 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.26 EPS. Research analysts expect that Constellation Brands, Inc. will post 13.5 earnings per share for the current 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 issued a $1.02 dividend. This is an increase from Constellation Brands’s previous quarterly dividend of $1.01. The ex-dividend date is Tuesday, April 29th. This represents a $4.08 annualized dividend and a dividend yield of 2.17%. Constellation Brands’s dividend payout ratio (DPR) is -800.00%.

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 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.