BNP PARIBAS ASSET MANAGEMENT Holding S.A. Increases Stock Position in Constellation Brands, Inc. (NYSE:STZ)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Constellation Brands, Inc. (NYSE:STZ) by 2.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,245 shares of the company’s stock after purchasing an additional 1,025 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Constellation Brands were worth $11,144,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of STZ. Bessemer Group Inc. raised its holdings in shares of Constellation Brands by 5.8% in the first quarter. Bessemer Group Inc. now owns 3,551 shares of the company’s stock valued at $965,000 after buying an additional 194 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Constellation Brands during the 1st quarter valued at approximately $201,000. BTG Pactual Global Asset Management Ltd acquired a new stake in Constellation Brands during the 1st quarter worth approximately $899,000. Industrial Alliance Investment Management Inc. grew its stake in shares of Constellation Brands by 4.4% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 1,049 shares of the company’s stock valued at $285,000 after purchasing an additional 44 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its holdings in shares of Constellation Brands by 12.0% in the first quarter. B. Riley Wealth Advisors Inc. now owns 9,105 shares of the company’s stock valued at $2,288,000 after purchasing an additional 974 shares during the period. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Stock Performance

NYSE:STZ opened at $239.66 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.53 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $43.51 billion, a P/E ratio of 77.56, a price-to-earnings-growth ratio of 1.70 and a beta of 0.90. The firm has a 50-day moving average price of $243.04 and a two-hundred day moving average price of $247.49. Constellation Brands, Inc. has a twelve month low of $224.76 and a twelve month high of $274.87.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Thursday, October 3rd. The company reported $4.32 earnings per share for the quarter, topping analysts’ consensus estimates of $4.08 by $0.24. Constellation Brands had a net margin of 5.29% and a return on equity of 25.34%. The business had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.95 billion. During the same period last year, the company posted $3.70 EPS. The company’s revenue was up 2.9% on a year-over-year basis. As a group, research analysts expect that Constellation Brands, Inc. will post 13.57 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Tuesday, November 5th were given a $1.01 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $4.04 annualized dividend and a dividend yield of 1.69%. Constellation Brands’s dividend payout ratio is currently 130.74%.

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 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 completion of the transaction, the insider now directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert Sands sold 119,274 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $242.37, for a total value of $28,908,439.38. Following the sale, the director now owns 431,729 shares in the company, valued at $104,638,157.73. This trade represents a 21.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 189,956 shares of company stock valued at $46,058,091 over the last quarter. Insiders own 12.19% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Barclays lowered their price objective on shares of Constellation Brands from $309.00 to $300.00 and set an “overweight” rating on the stock in a research report on Monday, October 7th. Morgan Stanley dropped their price target on shares of Constellation Brands from $305.00 to $280.00 and set an “overweight” rating on the stock in a research note on Monday, August 26th. UBS Group reduced their price objective on shares of Constellation Brands from $320.00 to $295.00 and set a “buy” rating for the company in a research report on Monday, September 9th. TD Cowen cut Constellation Brands from a “buy” rating to a “hold” rating and dropped their target price for the stock from $300.00 to $270.00 in a research report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. reduced their price target on Constellation Brands from $307.00 to $293.00 and set an “overweight” rating for the company in a report on Friday, October 4th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $290.47.

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.