Cullinan Associates Inc. Has $5.21 Million Stake in Constellation Brands, Inc. (NYSE:STZ)

Cullinan Associates Inc. raised its position in shares of Constellation Brands, Inc. (NYSE:STZ – Get Rating) by 8.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,472 shares of the company’s stock after buying an additional 1,765 shares during the period. Cullinan Associates Inc.’s holdings in Constellation Brands were worth $5,208,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of STZ. Signaturefd LLC lifted its position in Constellation Brands by 3.3% in the 3rd quarter. Signaturefd LLC now owns 1,276 shares of the company’s stock valued at $293,000 after acquiring an additional 41 shares in the last quarter. Arvest Trust Co. N A lifted its position in Constellation Brands by 4.2% in the 3rd quarter. Arvest Trust Co. N A now owns 1,045 shares of the company’s stock valued at $240,000 after acquiring an additional 42 shares in the last quarter. Geo Capital Gestora de Recursos Ltd lifted its position in Constellation Brands by 19.6% in the 3rd quarter. Geo Capital Gestora de Recursos Ltd now owns 256 shares of the company’s stock valued at $59,000 after acquiring an additional 42 shares in the last quarter. Burns J W & Co. Inc. NY lifted its position in Constellation Brands by 0.7% in the 3rd quarter. Burns J W & Co. Inc. NY now owns 6,206 shares of the company’s stock valued at $1,425,000 after acquiring an additional 43 shares in the last quarter. Finally, Veritable L.P. increased its stake in Constellation Brands by 1.0% in the 3rd quarter. Veritable L.P. now owns 4,488 shares of the company’s stock valued at $1,031,000 after buying an additional 43 shares during the last quarter. Institutional investors and hedge funds own 84.87% of the company’s stock.

Constellation Brands Stock Performance

Shares of STZ stock opened at $210.90 on Friday. The company has a market capitalization of $38.92 billion, a price-to-earnings ratio of 602.59, a PEG ratio of 2.03 and a beta of 1.01. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.63 and a current ratio of 1.29. The company has a 50-day simple moving average of $223.52 and a 200 day simple moving average of $233.53. Constellation Brands, Inc. has a 52 week low of $208.12 and a 52 week high of $261.52.

Constellation Brands (NYSE:STZ – Get Rating) last announced its earnings results on Thursday, January 5th. The company reported $2.83 EPS for the quarter, missing the consensus estimate of $2.88 by ($0.05). The company had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.38 billion. Constellation Brands had a return on equity of 19.69% and a net margin of 0.98%. The business’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the firm posted $3.12 EPS. On average, sell-side analysts predict that Constellation Brands, Inc. will post 10.64 earnings per share for the current year.

Constellation Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 22nd. Shareholders of record on Wednesday, February 8th were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend was Tuesday, February 7th. Constellation Brands’s dividend payout ratio is currently 914.31%.

Wall Street Analyst Weigh In

STZ has been the topic of several recent research reports. BMO Capital Markets lowered their price target on shares of Constellation Brands from $290.00 to $265.00 and set an “outperform” rating on the stock in a research note on Friday, January 6th. StockNews.com initiated coverage on shares of Constellation Brands in a research note on Thursday. They issued a “hold” rating on the stock. Evercore ISI lifted their price target on shares of Constellation Brands from $250.00 to $260.00 and gave the company an “outperform” rating in a research note on Tuesday, January 31st. Cowen lowered shares of Constellation Brands from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $275.00 to $200.00 in a research note on Friday, January 6th. Finally, Barclays lowered their price objective on shares of Constellation Brands from $288.00 to $278.00 and set an “overweight” rating on the stock in a research note on Monday, January 9th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $252.76.

About Constellation Brands

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Constellation Brands, Inc engages in the production, marketing, and distribution of beer, wine, and spirits. It operates through the following segments: Beer, Wine and Spirits, and Corporate Operations and Other, and Canopy. The Beer segment includes imported and craft beer brands. The Wine and Spirits segment sells wine brands across all categories-table wine, sparkling wine, and dessert wine-and across all price points.