Mitsubishi UFJ Trust & Banking Corp Lowers Stake in Constellation Brands, Inc. (NYSE:STZ)

Mitsubishi UFJ Trust & Banking Corp lowered its position in shares of Constellation Brands, Inc. (NYSE:STZFree Report) by 2.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 93,041 shares of the company’s stock after selling 2,806 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Constellation Brands were worth $23,384,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Smithfield Trust Co raised its position in shares of Constellation Brands by 4.7% during the 2nd quarter. Smithfield Trust Co now owns 823 shares of the company’s stock worth $205,000 after purchasing an additional 37 shares during the period. Copperwynd Financial LLC grew its holdings in Constellation Brands by 1.3% in the 2nd quarter. Copperwynd Financial LLC now owns 2,855 shares of the company’s stock worth $703,000 after buying an additional 38 shares in the last quarter. Checchi Capital Advisers LLC grew its holdings in Constellation Brands by 2.2% in the 2nd quarter. Checchi Capital Advisers LLC now owns 1,794 shares of the company’s stock worth $442,000 after buying an additional 39 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in Constellation Brands by 0.5% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 8,636 shares of the company’s stock worth $2,125,000 after buying an additional 41 shares in the last quarter. Finally, Lindbrook Capital LLC grew its holdings in Constellation Brands by 24.0% in the 2nd quarter. Lindbrook Capital LLC now owns 217 shares of the company’s stock worth $53,000 after buying an additional 42 shares in the last quarter. Institutional investors and hedge funds own 88.99% of the company’s stock.

Wall Street Analysts Forecast Growth

STZ has been the subject of a number of recent analyst reports. Jefferies Financial Group initiated coverage on Constellation Brands in a report on Monday, November 13th. They issued a “buy” rating and a $292.00 price objective for the company. Argus lowered Constellation Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $295.00 price target on shares of Constellation Brands in a research note on Friday. JPMorgan Chase & Co. decreased their price target on Constellation Brands from $309.00 to $301.00 and set an “overweight” rating for the company in a research note on Thursday, December 21st. Finally, TheStreet lowered Constellation Brands from a “b” rating to a “c+” rating in a research note on Friday, January 5th. Four analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $289.24.

Check Out Our Latest Stock Analysis on Constellation Brands

Constellation Brands Trading Down 0.2 %

Constellation Brands stock opened at $242.55 on Monday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.05 and a quick ratio of 0.46. The company has a market capitalization of $44.34 billion, a price-to-earnings ratio of 28.70, a PEG ratio of 1.89 and a beta of 0.96. Constellation Brands, Inc. has a one year low of $210.15 and a one year high of $273.65. The company’s fifty day moving average price is $245.07 and its two-hundred day moving average price is $248.29.

Constellation Brands (NYSE:STZGet Free Report) last issued its quarterly earnings results on Friday, January 5th. The company reported $3.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.03 by $0.16. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.54 billion. Constellation Brands had a return on equity of 23.35% and a net margin of 14.76%. The firm’s revenue was up 1.4% compared to the same quarter last year. During the same period last year, the business posted $2.83 earnings per share. On average, analysts forecast that Constellation Brands, Inc. will post 11.88 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 22nd. Investors of record on Thursday, February 8th will be given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Wednesday, February 7th. Constellation Brands’s dividend payout ratio (DPR) is presently 42.13%.

Insider Buying and Selling

In related news, major shareholder Family Foundation Sands sold 354,616 shares of Constellation Brands stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $250.26, for a total transaction of $88,746,200.16. Following the sale, the insider now directly owns 54,461 shares of the company’s stock, valued at $13,629,409.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 16.19% of the stock is owned by company insiders.

About Constellation Brands

(Free Report)

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.

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

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