Constellation Brands, Inc. (NYSE:STZ) Holdings Decreased by Artemis Investment Management LLP

Artemis Investment Management LLP decreased its position in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 53.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,618 shares of the company's stock after selling 78,203 shares during the period. Artemis Investment Management LLP's holdings in Constellation Brands were worth $15,165,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of STZ. International Assets Investment Management LLC raised its position in Constellation Brands by 23,184.7% in the 3rd quarter. International Assets Investment Management LLC now owns 499,689 shares of the company's stock valued at $128,765,000 after purchasing an additional 497,543 shares in the last quarter. State Street Corp raised its holdings in Constellation Brands by 6.0% in the third quarter. State Street Corp now owns 7,144,428 shares of the company's stock valued at $1,841,048,000 after acquiring an additional 402,211 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Constellation Brands by 66.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 369,966 shares of the company's stock worth $81,762,000 after acquiring an additional 147,457 shares during the last quarter. NFJ Investment Group LLC grew its holdings in Constellation Brands by 617.3% during the 3rd quarter. NFJ Investment Group LLC now owns 108,382 shares of the company's stock worth $27,929,000 after acquiring an additional 93,273 shares in the last quarter. Finally, World Investment Advisors LLC increased its position in shares of Constellation Brands by 4,601.2% in the 3rd quarter. World Investment Advisors LLC now owns 87,771 shares of the company's stock valued at $22,618,000 after purchasing an additional 85,904 shares during the last quarter. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Constellation Brands Stock Down 0.3 %

Constellation Brands stock traded down $0.52 during midday trading on Monday, hitting $184.05. 2,839,837 shares of the company were exchanged, compared to its average volume of 1,501,511. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.25 and a quick ratio of 0.53. The company's fifty day moving average price is $226.75 and its 200-day moving average price is $238.74. The company has a market cap of $33.42 billion, a PE ratio of 49.48, a price-to-earnings-growth ratio of 1.28 and a beta of 0.91. Constellation Brands, Inc. has a fifty-two week low of $176.51 and a fifty-two week high of $274.87.

Constellation Brands (NYSE:STZ - Get Free Report) last released its quarterly earnings results on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.08). The business had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.53 billion. Constellation Brands had a return on equity of 25.34% and a net margin of 5.29%. The company's revenue was down .3% compared to the same quarter last year. During the same quarter last year, the firm posted $3.19 EPS. On average, research analysts predict that Constellation Brands, Inc. will post 13.72 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a $1.01 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a yield of 2.20%. Constellation Brands's dividend payout ratio is currently 108.60%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on STZ shares. Barclays lowered their target price on shares of Constellation Brands from $282.00 to $214.00 and set an "overweight" rating for the company in a research note on Tuesday, January 14th. Truist Financial dropped their price objective on Constellation Brands from $255.00 to $190.00 and set a "hold" rating on the stock in a report on Tuesday, January 14th. Roth Capital decreased their target price on Constellation Brands from $298.00 to $284.00 and set a "buy" rating for the company in a research note on Friday. Morgan Stanley dropped their price target on shares of Constellation Brands from $280.00 to $220.00 and set an "overweight" rating on the stock in a research note on Monday, January 13th. Finally, BNP Paribas started coverage on shares of Constellation Brands in a report on Monday, November 25th. They issued a "neutral" rating and a $261.00 target price for the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $259.05.

Insider Buying and Selling at Constellation Brands

In other news, CEO William A. Newlands sold 7,426 shares of the business's stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $237.24, for a total transaction of $1,761,744.24. Following the completion of the transaction, the chief executive officer now owns 7,274 shares of the company's stock, valued at approximately $1,725,683.76. The trade was a 50.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP James A. Jr. Sabia sold 36,086 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $242.99, for a total transaction of $8,768,537.14. Following the completion of the sale, the executive vice president now directly owns 16,042 shares in the company, valued at approximately $3,898,045.58. This trade represents a 69.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 69,172 shares of company stock worth $16,778,841 over the last ninety days. Company insiders own 12.19% of the company's stock.

Constellation Brands Profile

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