Calamos Advisors LLC Has $38.25 Million Position in Constellation Brands, Inc. (NYSE:STZ)

Calamos Advisors LLC raised its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 0.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 158,203 shares of the company’s stock after purchasing an additional 531 shares during the quarter. Calamos Advisors LLC owned 0.09% of Constellation Brands worth $38,246,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Impact Partnership Wealth LLC grew its stake in Constellation Brands by 1,175.0% during the third quarter. Impact Partnership Wealth LLC now owns 102 shares of the company’s stock worth $26,000 after buying an additional 94 shares during the last quarter. BKM Wealth Management LLC bought a new stake in shares of Constellation Brands during the fourth quarter valued at approximately $28,000. Asset Dedication LLC grew its stake in shares of Constellation Brands by 3,833.3% during the third quarter. Asset Dedication LLC now owns 118 shares of the company’s stock valued at $30,000 after purchasing an additional 115 shares during the last quarter. Resurgent Financial Advisors LLC bought a new stake in shares of Constellation Brands during the fourth quarter valued at approximately $34,000. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in shares of Constellation Brands during the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Insiders Place Their Bets

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

Analyst Ratings Changes

Several analysts have recently commented on the stock. Roth Mkm reissued a “buy” rating and set a $305.00 price target on shares of Constellation Brands in a research note on Friday, April 12th. Barclays raised their price objective on shares of Constellation Brands from $294.00 to $295.00 and gave the company an “overweight” rating in a research note on Monday. JPMorgan Chase & Co. reduced their price objective on shares of Constellation Brands from $309.00 to $301.00 and set an “overweight” rating on the stock in a research note on Thursday, December 21st. TheStreet cut shares of Constellation Brands from a “b” rating to a “c+” rating in a research note on Friday, January 5th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $300.00 price objective on shares of Constellation Brands in a research note on Wednesday, April 10th. Three research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $298.55.

Constellation Brands Price Performance

NYSE:STZ traded up $1.37 during trading hours on Thursday, reaching $258.68. 1,160,749 shares of the company were exchanged, compared to its average volume of 1,274,331. The company has a market capitalization of $47.29 billion, a P/E ratio of 27.62, a P/E/G ratio of 1.74 and a beta of 0.97. Constellation Brands, Inc. has a 1-year low of $221.81 and a 1-year high of $274.87. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.19 and a quick ratio of 0.53. The business has a 50 day moving average of $257.51 and a 200 day moving average of $247.13.

Constellation Brands (NYSE:STZ) last released its earnings results on Thursday, April 11th. The company reported $2.26 earnings per share for the quarter, topping the consensus estimate of $2.10 by $0.16. Constellation Brands had a return on equity of 23.06% and a net margin of 16.13%. The firm had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same period in the prior year, the company earned $1.98 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. Research analysts forecast that Constellation Brands, Inc. will post 13.51 EPS for the current year.

Constellation Brands Increases Dividend

The firm also recently announced 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 is a boost from Constellation Brands’s previous quarterly dividend of $0.89. This represents a $4.04 annualized dividend and a yield of 1.56%. Constellation Brands’s dividend payout ratio is presently 37.95%.

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 Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Victoria, Vicky Chamoy, and Pacifico brands.