Constellation Brands, Inc. (NYSE:STZ) Shares Sold by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. reduced its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 35.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,274 shares of the company’s stock after selling 693 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Constellation Brands were worth $308,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in STZ. Kestra Private Wealth Services LLC boosted its position in shares of Constellation Brands by 17.2% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 17,218 shares of the company’s stock valued at $4,327,000 after purchasing an additional 2,526 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Constellation Brands by 15.3% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 32,433 shares of the company’s stock worth $8,151,000 after buying an additional 4,311 shares in the last quarter. Perigon Wealth Management LLC raised its stake in shares of Constellation Brands by 46.0% during the 4th quarter. Perigon Wealth Management LLC now owns 6,012 shares of the company’s stock worth $1,453,000 after buying an additional 1,893 shares in the last quarter. CoreCap Advisors LLC raised its stake in shares of Constellation Brands by 35.8% during the 4th quarter. CoreCap Advisors LLC now owns 2,002 shares of the company’s stock worth $484,000 after buying an additional 528 shares in the last quarter. Finally, Ascent Wealth Partners LLC purchased a new position in shares of Constellation Brands during the 4th quarter worth approximately $962,000. 77.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

STZ has been the subject of several research analyst reports. Wedbush reaffirmed an “outperform” rating and issued a $300.00 price objective on shares of Constellation Brands in a research note on Wednesday, April 10th. HSBC raised their price objective on Constellation Brands from $290.00 to $300.00 and gave the company a “buy” rating in a research note on Friday. TheStreet downgraded Constellation Brands from a “b” rating to a “c+” rating in a research note on Friday, January 5th. Jefferies Financial Group raised their price objective on Constellation Brands from $292.00 to $314.00 and gave the company a “buy” rating in a research note on Friday. Finally, Argus upgraded Constellation Brands from a “hold” rating to a “buy” rating and set a $306.00 target price on the stock in a report on Monday. Three equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $298.55.

Constellation Brands Trading Down 1.4 %

Constellation Brands stock opened at $258.52 on Tuesday. The business has a 50 day moving average price of $257.07 and a two-hundred day moving average price of $247.01. The company has a quick ratio of 0.53, a current ratio of 1.19 and a debt-to-equity ratio of 1.06. The stock has a market cap of $47.26 billion, a price-to-earnings ratio of 27.56, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. Constellation Brands, Inc. has a 12 month low of $221.81 and a 12 month high of $274.87.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Thursday, April 11th. The company reported $2.26 earnings per share for the quarter, beating the consensus estimate 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 company posted $1.98 EPS. The company’s revenue was up 7.1% compared to the same quarter last year. As a group, equities analysts forecast that Constellation Brands, Inc. will post 13.43 EPS for the current year.

Constellation Brands Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 1.56%. This is a boost from Constellation Brands’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Thursday, May 2nd. Constellation Brands’s dividend payout ratio (DPR) is currently 37.95%.

Constellation Brands Company Profile

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.