Atalanta Sosnoff Capital acquired a new stake in Constellation Brands, Inc. (NYSE:STZ) during the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 42,143 shares of the company’s stock, valued at approximately $6,003,000.

A number of other institutional investors have also recently modified their holdings of STZ. Natixis Asset Management boosted its position in shares of Constellation Brands by 2.4% in the third quarter. Natixis Asset Management now owns 3,445 shares of the company’s stock valued at $431,000 after buying an additional 82 shares in the last quarter. Reynolds Capital Management boosted its position in shares of Constellation Brands by 2.8% in the fourth quarter. Reynolds Capital Management now owns 3,700 shares of the company’s stock valued at $527,000 after buying an additional 100 shares in the last quarter. Detwiler Fenton Investment Management purchased a new position in shares of Constellation Brands during the fourth quarter valued at about $253,000. Hilton Capital Management boosted its position in shares of Constellation Brands by 6.4% in the fourth quarter. Hilton Capital Management now owns 74,610 shares of the company’s stock valued at $10,627,000 after buying an additional 4,492 shares in the last quarter. Finally, MUFG Americas boosted its position in shares of Constellation Brands by 86.2% in the third quarter. MUFG Americas now owns 18,426 shares of the company’s stock valued at $2,307,000 after buying an additional 8,532 shares in the last quarter.

Constellation Brands, Inc. (NYSE:STZ) traded up 3.70% during midday trading on Friday, reaching $148.76. The company’s stock had a trading volume of 2,077,410 shares. The stock’s 50-day moving average price is $126.96 and its 200-day moving average price is $120.04. Constellation Brands, Inc. has a 12 month low of $145.06 and a 12 month high of $149.23.

Constellation Brands (NYSE:STZ) last released its earnings results on Thursday, January 7th. The company reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.12. During the same quarter last year, the company earned $1.23 earnings per share. The firm earned $1.64 billion during the quarter, compared to analyst estimates of $1.62 billion. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. Equities research analysts anticipate that Constellation Brands, Inc. will post $5.38 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 24th. Shareholders of record on Tuesday, February 9th will be given a $0.31 dividend. The ex-dividend date is Friday, February 5th. This represents a $1.24 dividend on an annualized basis and a yield of 0.83%.

Several equities analysts recently issued reports on the company. Vetr raised Constellation Brands from a “hold” rating to a “buy” rating and set a $151.89 price objective for the company in a report on Wednesday, January 13th. Barclays assumed coverage on Constellation Brands in a report on Thursday, December 17th. They set an “overweight” rating and a $155.00 price objective for the company. Susquehanna reaffirmed a “hold” rating and set a $160.00 price objective on shares of Constellation Brands in a report on Sunday, January 17th. Cowen and Company raised Constellation Brands from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $135.00 to $170.00 in a research report on Monday, November 23rd. Finally, Nomura raised their price target on Constellation Brands to $135.00 and gave the stock a “neutral” rating in a research report on Thursday, October 8th. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $153.24.

In other news, major shareholder Richard Sands sold 184,187 shares of the stock in a transaction on Monday, October 26th. The stock was sold at an average price of $136.20, for a total transaction of $25,086,269.40. Following the completion of the sale, the insider now owns 331,725 shares in the company, valued at approximately $45,180,945. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David Eric Klein sold 30,000 shares of the stock in a transaction on Tuesday, January 19th. The shares were sold at an average price of $145.41, for a total value of $4,362,300.00. Following the sale, the chief financial officer now owns 30,420 shares of the company’s stock, valued at approximately $4,423,372.20. The disclosure for this sale can be found here.

Constellation Brands, Inc. is an international beverage alcohol company. The Company’s operating segments include Beer, Wine and Spirits and Corporate Operations and Other. The Company’s wine portfolio is complemented by select spirits brands and other select beverage alcohol products. It is a multi-category supplier (NYSE:STZ) of beverage alcohol in the United States. The Company’s customers include wholesale distributors, retailers, on premise locations and government alcohol beverage control agencies. In the United States, the Company operates 19 wineries using varieties of grapes grown in the Napa, Sonoma, Monterey and San Joaquin regions of California. It also operates eight wineries in Canada, four wineries in New Zealand and five wineries in Italy. The Company’s Canadian whisky requirements are produced and aged at its Canadian distillery in Lethbridge, Alberta.

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