Knights of Columbus Asset Advisors LLC Raises Stock Position in Constellation Brands, Inc. (NYSE:STZ)

Knights of Columbus Asset Advisors LLC lifted its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 81.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,131 shares of the company’s stock after purchasing an additional 955 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Constellation Brands were worth $449,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Valley National Advisers Inc. increased its stake in shares of Constellation Brands by 122.7% during the 3rd quarter. Valley National Advisers Inc. now owns 10,402 shares of the company’s stock worth $2,192,000 after purchasing an additional 5,731 shares in the last quarter. Ilmarinen Mutual Pension Insurance Co increased its stake in shares of Constellation Brands by 22.1% during the 3rd quarter. Ilmarinen Mutual Pension Insurance Co now owns 21,000 shares of the company’s stock worth $4,424,000 after purchasing an additional 3,800 shares in the last quarter. Tredje AP fonden purchased a new position in shares of Constellation Brands during the 3rd quarter worth approximately $3,792,000. Pictet & Cie Europe SA increased its stake in shares of Constellation Brands by 2.2% during the 3rd quarter. Pictet & Cie Europe SA now owns 16,909 shares of the company’s stock worth $3,563,000 after purchasing an additional 366 shares in the last quarter. Finally, Forsta AP Fonden increased its stake in shares of Constellation Brands by 1.5% during the 3rd quarter. Forsta AP Fonden now owns 27,900 shares of the company’s stock worth $5,878,000 after purchasing an additional 400 shares in the last quarter. 69.16% of the stock is owned by institutional investors and hedge funds.

NYSE STZ opened at $248.64 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.50 and a debt-to-equity ratio of 0.87. The company has a fifty day simple moving average of $237.93 and a 200 day simple moving average of $225.23. Constellation Brands, Inc. has a 1 year low of $207.35 and a 1 year high of $258.00.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Thursday, January 6th. The company reported $3.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.76 by $0.36. Constellation Brands had a negative net margin of 0.56% and a positive return on equity of 15.03%. The business had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the prior year, the firm earned $3.09 EPS. Constellation Brands’s quarterly revenue was down 4.8% compared to the same quarter last year. On average, sell-side analysts expect that Constellation Brands, Inc. will post 10.11 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 23rd. Shareholders of record on Wednesday, February 9th will be issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Tuesday, February 8th. Constellation Brands’s dividend payout ratio (DPR) is presently -1,013.33%.

A number of research analysts have recently weighed in on STZ shares. Argus raised their price objective on shares of Constellation Brands from $272.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, January 7th. Barclays lifted their target price on shares of Constellation Brands from $271.00 to $277.00 and gave the stock an “overweight” rating in a research note on Monday, January 10th. Morgan Stanley lifted their target price on shares of Constellation Brands from $254.00 to $303.00 and gave the stock an “overweight” rating in a research note on Monday, January 3rd. Credit Suisse Group lifted their target price on shares of Constellation Brands from $280.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, January 7th. Finally, TheStreet raised shares of Constellation Brands from a “c+” rating to a “b-” rating in a research note on Monday, December 6th. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Constellation Brands presently has an average rating of “Buy” and an average target price of $269.70.

Constellation Brands Company Profile

Constellation Brands, Inc engages in the production, marketing, and distribution of beer, wine, and spirits. It operates through the following segments: Beer, Wine and Spirits, and Corporate Operations and Other, and Canopy. The Beer segment includes imported and craft beer brands. The Wine and Spirits segment sells wine brands across all categories-table wine, sparkling wine, and dessert wine-and across all price points.

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

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