Zurcher Kantonalbank Zurich Cantonalbank Has $12.51 Million Stock Position in Constellation Brands, Inc. (NYSE:STZ)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in Constellation Brands, Inc. (NYSE:STZ) by 81.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,736 shares of the company’s stock after buying an additional 23,264 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Constellation Brands were worth $12,507,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kestra Private Wealth Services LLC boosted its holdings in shares of Constellation Brands by 17.2% in the third quarter. Kestra Private Wealth Services LLC now owns 17,218 shares of the company’s stock worth $4,327,000 after buying an additional 2,526 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Constellation Brands by 15.3% in the third 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 during the period. Perigon Wealth Management LLC boosted its holdings in shares of Constellation Brands by 46.0% in the fourth 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 during the period. CoreCap Advisors LLC boosted its holdings in shares of Constellation Brands by 35.8% in the fourth quarter. CoreCap Advisors LLC now owns 2,002 shares of the company’s stock worth $484,000 after buying an additional 528 shares during the period. Finally, Ascent Wealth Partners LLC acquired a new position in shares of Constellation Brands in the fourth quarter worth about $962,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Constellation Brands news, EVP James A. Jr. Sabia sold 15,781 shares of Constellation Brands stock in a transaction on Friday, April 12th. The shares were sold at an average price of $263.63, for a total transaction of $4,160,345.03. Following the sale, the executive vice president now owns 20,910 shares in the company, valued at $5,512,503.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 16.19% of the company’s stock.

Constellation Brands Trading Up 0.8 %

NYSE:STZ opened at $260.70 on Friday. Constellation Brands, Inc. has a 12 month low of $221.81 and a 12 month high of $274.87. The company’s 50 day moving average is $258.19 and its 200-day moving average is $247.29. The firm has a market cap of $47.66 billion, a price-to-earnings ratio of 27.79, a P/E/G ratio of 1.74 and a beta of 0.97. The company has a quick ratio of 0.53, a current ratio of 1.19 and a debt-to-equity ratio of 1.06.

Constellation Brands (NYSE:STZ) last posted its quarterly 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 net margin of 16.13% and a return on equity of 23.06%. The firm had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the previous year, the company earned $1.98 earnings per share. The business’s revenue was up 7.1% compared to the same quarter last year. Equities analysts anticipate that Constellation Brands, Inc. will post 13.51 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. Shareholders of record on Friday, May 3rd will be paid a dividend of $1.01 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $4.04 dividend on an annualized basis and a yield of 1.55%. This is an increase from Constellation Brands’s previous quarterly dividend of $0.89. Constellation Brands’s payout ratio is currently 37.95%.

Analysts Set New Price Targets

STZ has been the subject of several research reports. Roth Mkm restated a “buy” rating and set a $305.00 price target on shares of Constellation Brands in a report on Friday, April 12th. Bank of America raised their price target on shares of Constellation Brands from $290.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, March 18th. TheStreet cut shares of Constellation Brands from a “b” rating to a “c+” rating in a report on Friday, January 5th. Barclays raised their price target on shares of Constellation Brands from $294.00 to $295.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Finally, Wedbush restated an “outperform” rating and set a $300.00 price target on shares of Constellation Brands in a report on Wednesday, April 10th. Three investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, Constellation Brands has a consensus rating of “Moderate Buy” and an average price target of $298.55.

Constellation Brands 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.