Financial Architects Inc lifted its holdings in Constellation Brands, Inc. (NYSE:STZ) by 25.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,855 shares of the company’s stock after purchasing an additional 374 shares during the quarter. Financial Architects Inc’s holdings in Constellation Brands were worth $266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Raymond James Financial Services Advisors Inc. increased its position in Constellation Brands by 19.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 124,639 shares of the company’s stock valued at $23,661,000 after acquiring an additional 20,501 shares during the last quarter. Blueshift Asset Management LLC increased its position in Constellation Brands by 183.2% during the fourth quarter. Blueshift Asset Management LLC now owns 9,439 shares of the company’s stock valued at $1,791,000 after acquiring an additional 6,106 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Constellation Brands by 72.6% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 39,444 shares of the company’s stock valued at $7,484,000 after acquiring an additional 16,590 shares during the last quarter. Arizona State Retirement System increased its position in Constellation Brands by 0.8% during the fourth quarter. Arizona State Retirement System now owns 48,075 shares of the company’s stock valued at $9,122,000 after acquiring an additional 397 shares during the last quarter. Finally, Telemus Capital LLC purchased a new stake in Constellation Brands during the fourth quarter valued at $580,000. Hedge funds and other institutional investors own 73.27% of the company’s stock.

In other Constellation Brands news, EVP F Paul Hetterich sold 9,375 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $203.52, for a total transaction of $1,908,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 15.86% of the stock is currently owned by corporate insiders.

Several research firms have issued reports on STZ. Cfra cut their price target on Constellation Brands from $200.00 to $140.00 and set a “hold” rating for the company in a report on Friday, April 3rd. Barclays reissued a “buy” rating on shares of Constellation Brands in a report on Thursday, April 30th. Cowen boosted their price target on Constellation Brands from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Monday, April 6th. Morgan Stanley boosted their price target on Constellation Brands from $144.00 to $157.00 and gave the company an “equal weight” rating in a report on Tuesday, March 31st. Finally, MKM Partners lowered Constellation Brands from a “buy” rating to a “sell” rating and cut their price target for the company from $216.00 to $147.00 in a report on Friday, May 8th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $183.05.

Constellation Brands stock traded up $0.53 during midday trading on Friday, reaching $158.49. 1,112,408 shares of the stock traded hands, compared to its average volume of 1,799,477. The stock’s fifty day moving average is $155.22 and its 200-day moving average is $176.32. Constellation Brands, Inc. has a 12 month low of $104.28 and a 12 month high of $212.00. The stock has a market cap of $29.95 billion, a P/E ratio of -880.45, a PEG ratio of 13.89 and a beta of 0.91. The company has a quick ratio of 0.91, a current ratio of 1.51 and a debt-to-equity ratio of 0.90.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Friday, April 3rd. The company reported $2.06 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.42. Constellation Brands had a positive return on equity of 14.61% and a negative net margin of 0.13%. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period in the prior year, the company earned $1.84 earnings per share. The firm’s revenue was up 5.9% on a year-over-year basis. On average, equities analysts predict that Constellation Brands, Inc. will post 7.86 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 19th. Investors of record on Tuesday, May 5th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Monday, May 4th. Constellation Brands’s payout ratio is presently 10.20%.

About Constellation Brands

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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