Pflug Koory LLC grew its holdings in Constellation Brands, Inc. (NYSE:STZ) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,005 shares of the company’s stock after purchasing an additional 80 shares during the quarter. Pflug Koory LLC’s holdings in Constellation Brands were worth $760,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Maverick Capital Ltd. raised its holdings in shares of Constellation Brands by 22.0% in the second quarter. Maverick Capital Ltd. now owns 24,420 shares of the company’s stock valued at $4,809,000 after buying an additional 4,410 shares during the last quarter. Cypress Capital Management LLC grew its holdings in Constellation Brands by 2.1% during the 3rd quarter. Cypress Capital Management LLC now owns 9,945 shares of the company’s stock worth $2,061,000 after acquiring an additional 205 shares during the last quarter. Private Advisor Group LLC grew its holdings in Constellation Brands by 26.0% during the 2nd quarter. Private Advisor Group LLC now owns 22,416 shares of the company’s stock worth $4,415,000 after acquiring an additional 4,625 shares during the last quarter. Chesapeake Wealth Management grew its holdings in Constellation Brands by 19.0% during the 3rd quarter. Chesapeake Wealth Management now owns 1,343 shares of the company’s stock worth $278,000 after acquiring an additional 214 shares during the last quarter. Finally, Evoke Wealth LLC acquired a new stake in Constellation Brands in the 3rd quarter valued at about $79,000. Institutional investors own 71.99% of the company’s stock.

STZ traded up $2.39 on Tuesday, hitting $190.83. 1,276,902 shares of the company were exchanged, compared to its average volume of 1,991,100. The stock’s fifty day moving average is $186.25 and its 200-day moving average is $194.31. Constellation Brands, Inc. has a 12 month low of $157.14 and a 12 month high of $214.48. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.86 and a current ratio of 1.41. The company has a market cap of $36.10 billion, a PE ratio of 20.56, a PEG ratio of 2.65 and a beta of 0.64.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings results on Wednesday, January 8th. The company reported $2.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.84 by $0.30. The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $1.95 billion. Constellation Brands had a return on equity of 14.15% and a net margin of 9.21%. The business’s revenue was up 1.0% compared to the same quarter last year. During the same period last year, the company earned $2.37 earnings per share. As a group, equities research analysts expect that Constellation Brands, Inc. will post 8.7 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 11th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Monday, February 10th. Constellation Brands’s payout ratio is presently 10.02%.

A number of brokerages have weighed in on STZ. Credit Suisse Group boosted their target price on shares of Constellation Brands from $228.00 to $233.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Hanson reissued a “sell” rating on shares of Constellation Brands in a research note on Friday. Cowen reissued a “buy” rating and issued a $240.00 target price on shares of Constellation Brands in a research report on Friday, December 6th. HSBC set a $235.00 target price on Constellation Brands and gave the company a “buy” rating in a research note on Tuesday, September 17th. Finally, Deutsche Bank cut their target price on Constellation Brands from $197.00 to $196.00 and set a “hold” rating on the stock in a research note on Friday, December 13th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $226.83.

In other news, CFO David Eric Klein sold 36,488 shares of the business’s stock in a transaction dated Thursday, January 9th. The shares were sold at an average price of $195.48, for a total transaction of $7,132,674.24. Following the transaction, the chief financial officer now directly owns 45,380 shares in the company, valued at approximately $8,870,882.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert Lee Hanson sold 4,056 shares of the business’s stock in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of $195.00, for a total value of $790,920.00. Following the transaction, the executive vice president now directly owns 8,591 shares in the company, valued at approximately $1,675,245. The disclosure for this sale can be found here. Corporate insiders own 15.86% of the company’s stock.

Constellation Brands Company Profile

Constellation Brands, Inc, together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. It provides beer primarily under the Corona Extra, Corona Light, Corona Premier, Corona Familiar Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Four Corners, and Ballast Point brands.

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Institutional Ownership by Quarter for Constellation Brands (NYSE:STZ)

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