Eads & Heald Wealth Management Purchases 136 Shares of Constellation Brands, Inc. (NYSE:STZ)

Eads & Heald Wealth Management lifted its position in Constellation Brands, Inc. (NYSE:STZ) by 3.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,858 shares of the company’s stock after buying an additional 136 shares during the quarter. Eads & Heald Wealth Management’s holdings in Constellation Brands were worth $933,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in STZ. Moneta Group Investment Advisors LLC boosted its position in Constellation Brands by 84,839.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 3,742,434 shares of the company’s stock worth $867,309,000 after purchasing an additional 3,738,028 shares during the period. Norges Bank acquired a new stake in shares of Constellation Brands during the fourth quarter worth $373,796,000. Barclays PLC lifted its holdings in shares of Constellation Brands by 102.0% during the second quarter. Barclays PLC now owns 2,937,570 shares of the company’s stock worth $723,027,000 after buying an additional 1,483,668 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Constellation Brands by 31.3% during the fourth quarter. Morgan Stanley now owns 3,809,273 shares of the company’s stock worth $882,799,000 after buying an additional 908,486 shares in the last quarter. Finally, Darsana Capital Partners LP lifted its holdings in shares of Constellation Brands by 288.9% during the third quarter. Darsana Capital Partners LP now owns 875,000 shares of the company’s stock worth $219,914,000 after buying an additional 650,000 shares in the last quarter. 77.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

STZ has been the subject of a number of research reports. TheStreet downgraded Constellation Brands from a “b” rating to a “c+” rating in a report on Friday, January 5th. UBS Group lifted their target price on Constellation Brands from $312.00 to $320.00 and gave the stock a “buy” rating in a report on Friday. Jefferies Financial Group lifted their target price on Constellation Brands from $292.00 to $314.00 and gave the stock a “buy” rating in a report on Friday. Argus raised Constellation Brands from a “hold” rating to a “buy” rating and set a $306.00 price target for the company in a research note on Monday. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $305.00 price target on shares of Constellation Brands in a research note on Friday. Three analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $298.55.

Constellation Brands Stock Down 1.4 %

Shares of NYSE:STZ traded down $3.72 during trading on Monday, reaching $258.52. 1,825,209 shares of the stock were exchanged, compared to its average volume of 1,265,415. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.19 and a quick ratio of 0.53. Constellation Brands, Inc. has a 1-year low of $221.81 and a 1-year high of $274.87. The stock has a fifty day moving average of $256.84 and a two-hundred day moving average of $246.96. The firm has a market cap of $47.26 billion, a price-to-earnings ratio of 27.69, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97.

Constellation Brands (NYSE:STZ) last issued its earnings results on Thursday, April 11th. The company reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.16. Constellation Brands had a return on equity of 23.06% and a net margin of 16.13%. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period in the prior year, the firm earned $1.98 earnings per share. Constellation Brands’s revenue for the quarter was up 7.1% on a year-over-year basis. Research analysts anticipate that Constellation Brands, Inc. will post 13.43 earnings per share for the current fiscal year.

Constellation Brands Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be given a $1.01 dividend. This is a positive change from Constellation Brands’s previous quarterly dividend of $0.89. This represents a $4.04 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Thursday, May 2nd. Constellation Brands’s dividend payout ratio is presently 37.95%.

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 Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Victoria, Vicky Chamoy, and Pacifico brands.