OFI Invest Asset Management Invests $31.66 Million in Constellation Brands, Inc. (NYSE:STZ)

OFI Invest Asset Management purchased a new stake in Constellation Brands, Inc. (NYSE:STZ) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 148,324 shares of the company’s stock, valued at approximately $31,656,000. OFI Invest Asset Management owned approximately 0.08% of Constellation Brands as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Mainstream Capital Management LLC purchased a new position in shares of Constellation Brands during the fourth quarter valued at approximately $25,000. SBI Securities Co. Ltd. bought a new position in Constellation Brands during the 4th quarter valued at $26,000. Compagnie Lombard Odier SCmA purchased a new position in Constellation Brands during the 4th quarter worth $27,000. Union Bancaire Privee UBP SA bought a new stake in shares of Constellation Brands in the 4th quarter worth $28,000. Finally, Versant Capital Management Inc raised its holdings in shares of Constellation Brands by 887.5% in the fourth quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock valued at $35,000 after purchasing an additional 142 shares during the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Insider Transactions at Constellation Brands

In other news, Director William T. Giles purchased 1,000 shares of the company’s stock in a transaction on Friday, January 17th. The stock was purchased at an average price of $186.39 per share, with a total value of $186,390.00. Following the completion of the purchase, the director now directly owns 1,463 shares in the company, valued at approximately $272,688.57. This trade represents a 215.98 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 12.19% of the stock is currently owned by insiders.

Constellation Brands Price Performance

NYSE:STZ opened at $186.64 on Friday. The firm has a market capitalization of $33.73 billion, a price-to-earnings ratio of 50.17, a P/E/G ratio of 1.52 and a beta of 1.75. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. The stock has a fifty day moving average of $184.27 and a 200 day moving average of $221.29. Constellation Brands, Inc. has a 52-week low of $160.46 and a 52-week high of $274.87.

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

Constellation Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 2.16%. The ex-dividend date was Friday, February 7th. Constellation Brands’s dividend payout ratio (DPR) is currently 108.60%.

Wall Street Analyst Weigh In

STZ has been the topic of several analyst reports. BNP Paribas began coverage on shares of Constellation Brands in a report on Monday, November 25th. They set a “neutral” rating and a $261.00 price target on the stock. Evercore ISI reduced their target price on Constellation Brands from $300.00 to $250.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Argus downgraded Constellation Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Morgan Stanley cut Constellation Brands from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $220.00 to $202.00 in a research report on Thursday, February 27th. Finally, Barclays decreased their target price on Constellation Brands from $282.00 to $214.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Eleven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Constellation Brands currently has an average rating of “Moderate Buy” and an average price target of $253.24.

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.