Klingenstein Fields & Co. LP Has $25.37 Million Holdings in Constellation Brands, Inc. (NYSE:STZ)

Klingenstein Fields & Co. LP boosted its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 0.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 114,808 shares of the company’s stock after buying an additional 159 shares during the period. Klingenstein Fields & Co. LP’s holdings in Constellation Brands were worth $25,373,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. State Street Corp increased its holdings in shares of Constellation Brands by 6.0% in the 3rd quarter. State Street Corp now owns 7,144,428 shares of the company’s stock valued at $1,841,048,000 after purchasing an additional 402,211 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Constellation Brands by 1.2% in the 3rd quarter. Janus Henderson Group PLC now owns 1,853,081 shares of the company’s stock valued at $477,515,000 after purchasing an additional 21,454 shares during the period. Van ECK Associates Corp increased its holdings in shares of Constellation Brands by 1,844.7% in the 4th quarter. Van ECK Associates Corp now owns 924,274 shares of the company’s stock valued at $204,265,000 after purchasing an additional 876,745 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Constellation Brands by 23,184.7% in the 3rd quarter. International Assets Investment Management LLC now owns 499,689 shares of the company’s stock valued at $128,765,000 after purchasing an additional 497,543 shares during the period. Finally, National Pension Service increased its holdings in shares of Constellation Brands by 13.6% in the 3rd quarter. National Pension Service now owns 381,755 shares of the company’s stock valued at $98,374,000 after purchasing an additional 45,707 shares during the period. Institutional investors and hedge funds own 77.34% of the company’s stock.

Insider Activity at Constellation Brands

In other Constellation Brands news, major shareholder Wildstar Partners Llc sold 660 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total value of $159,060.00. Following the sale, the insider now owns 1,736,884 shares in the company, valued at approximately $418,589,044. The trade was a 0.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William T. Giles bought 1,000 shares of the business’s stock in a transaction on Friday, January 17th. The stock was purchased at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the purchase, the director now directly owns 1,463 shares in the company, valued at approximately $272,688.57. This represents a 215.98 % increase in their position. The disclosure for this purchase can be found here. 12.19% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on STZ shares. Jefferies Financial Group reiterated a “hold” rating and issued a $201.00 target price (down previously from $310.00) on shares of Constellation Brands in a report on Monday, January 13th. Evercore ISI dropped their price objective on Constellation Brands from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Roth Capital dropped their price objective on Constellation Brands from $298.00 to $284.00 and set a “buy” rating on the stock in a report on Friday, January 17th. StockNews.com upgraded Constellation Brands from a “sell” rating to a “hold” rating in a report on Thursday. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $203.00 target price (down previously from $262.00) on shares of Constellation Brands in a research report on Monday, January 13th. Ten investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Constellation Brands presently has a consensus rating of “Moderate Buy” and an average price target of $254.29.

Constellation Brands Price Performance

Constellation Brands stock opened at $163.25 on Friday. The firm has a market capitalization of $29.50 billion, a P/E ratio of 43.88, a PEG ratio of 1.51 and a beta of 1.75. Constellation Brands, Inc. has a 1 year low of $160.46 and a 1 year high of $274.87. The business has a 50-day moving average of $204.40 and a 200-day moving average of $229.45. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26.

Constellation Brands (NYSE:STZ) last posted its earnings results on Friday, January 10th. The company reported $3.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.33 by ($0.08). The company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.53 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. Constellation Brands’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.19 earnings per share. On average, equities analysts anticipate that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a $1.01 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.04 annualized dividend and a dividend yield of 2.47%. Constellation Brands’s dividend payout ratio is presently 108.60%.

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