Canal Capital Management LLC increased its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 11.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,766 shares of the company’s stock after acquiring an additional 372 shares during the quarter. Canal Capital Management LLC’s holdings in Constellation Brands were worth $715,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. First Trust Advisors LP grew its position in shares of Constellation Brands by 4.6% during the first quarter. First Trust Advisors LP now owns 18,870 shares of the company’s stock valued at $3,308,000 after purchasing an additional 833 shares in the last quarter. Marshall Wace North America L.P. grew its position in shares of Constellation Brands by 644.5% during the second quarter. Marshall Wace North America L.P. now owns 21,591 shares of the company’s stock valued at $4,251,000 after purchasing an additional 18,691 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Constellation Brands during the second quarter valued at about $3,679,000. Hilltop Holdings Inc. purchased a new position in shares of Constellation Brands during the second quarter valued at about $205,000. Finally, CSat Investment Advisory L.P. grew its position in shares of Constellation Brands by 479.6% during the second quarter. CSat Investment Advisory L.P. now owns 313 shares of the company’s stock valued at $62,000 after purchasing an additional 259 shares in the last quarter. Hedge funds and other institutional investors own 71.94% of the company’s stock.

In other Constellation Brands news, EVP Robert Lee Hanson sold 4,056 shares of the business’s stock in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of $195.00, for a total transaction of $790,920.00. Following the completion of the transaction, the executive vice president now owns 8,591 shares in the company, valued at $1,675,245. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David Eric Klein sold 36,488 shares of the business’s stock in a transaction that occurred on Thursday, January 9th. The shares were sold at an average price of $195.48, for a total value of $7,132,674.24. Following the transaction, the chief financial officer now owns 45,380 shares of the company’s stock, valued at approximately $8,870,882.40. The disclosure for this sale can be found here. 15.86% of the stock is owned by insiders.

STZ has been the subject of several recent research reports. ValuEngine lowered Constellation Brands from a “hold” rating to a “sell” rating in a research report on Friday, January 10th. Hanson reiterated a “sell” rating on shares of Constellation Brands in a research report on Friday, January 10th. MKM Partners lifted their price target on Constellation Brands from to in a research report on Thursday, January 9th. Evercore ISI reiterated a “buy” rating and issued a $235.00 price target on shares of Constellation Brands in a research report on Wednesday, December 4th. Finally, OTR Global upgraded Constellation Brands to a “positive” rating in a research report on Friday, September 27th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $226.83.

Shares of NYSE:STZ traded up $0.28 during trading hours on Tuesday, hitting $190.23. 2,036,987 shares of the company’s stock traded hands, compared to its average volume of 1,804,510. Constellation Brands, Inc. has a 1 year low of $163.47 and a 1 year high of $214.48. The business has a fifty day moving average price of $187.05 and a 200-day moving average price of $194.15. The firm has a market capitalization of $36.12 billion, a P/E ratio of 45.84, a price-to-earnings-growth ratio of 2.63 and a beta of 0.64. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.41 and a quick ratio of 0.86.

Constellation Brands (NYSE:STZ) last announced its earnings results on Wednesday, January 8th. The company reported $2.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.84 by $0.30. Constellation Brands had a return on equity of 14.15% and a net margin of 9.21%. The business had revenue of $2.18 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the previous year, the business earned $2.37 earnings per share. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, equities analysts predict that Constellation Brands, Inc. will post 8.83 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 11th will be given a dividend of $0.75 per share. The ex-dividend date is Monday, February 10th. This represents a $3.00 annualized dividend and a dividend yield of 1.58%. Constellation Brands’s dividend payout ratio (DPR) is presently 10.02%.

Constellation Brands Profile

Constellation Brands, Inc, together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. It provides beer primarily under the Corona Extra, Corona Light, Corona Premier, Corona Familiar Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Four Corners, and Ballast Point brands.

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Institutional Ownership by Quarter for Constellation Brands (NYSE:STZ)

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