Natixis Has $3.69 Million Holdings in Constellation Brands, Inc. (NYSE:STZ)

Natixis lessened its holdings in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 18.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 16,687 shares of the company's stock after selling 3,749 shares during the quarter. Natixis' holdings in Constellation Brands were worth $3,688,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of STZ. Norinchukin Bank The increased its stake in Constellation Brands by 8.4% during the 4th quarter. Norinchukin Bank The now owns 6,945 shares of the company's stock valued at $1,535,000 after buying an additional 537 shares during the period. Capital Research Global Investors raised its holdings in Constellation Brands by 0.6% during the fourth quarter. Capital Research Global Investors now owns 2,901,975 shares of the company's stock worth $641,336,000 after purchasing an additional 18,557 shares in the last quarter. Capital World Investors lifted its position in Constellation Brands by 3.4% in the fourth quarter. Capital World Investors now owns 9,755,602 shares of the company's stock worth $2,155,946,000 after purchasing an additional 324,690 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Constellation Brands by 21.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,617,641 shares of the company's stock valued at $357,480,000 after purchasing an additional 284,302 shares during the period. Finally, First Trust Advisors LP increased its position in shares of Constellation Brands by 824.7% during the 4th quarter. First Trust Advisors LP now owns 292,834 shares of the company's stock valued at $64,716,000 after purchasing an additional 261,166 shares during the period. 77.34% of the stock is owned by institutional investors and hedge funds.

Constellation Brands Stock Down 1.1 %

Shares of NYSE STZ traded down $2.14 during trading hours on Friday, hitting $185.36. The stock had a trading volume of 1,054,280 shares, compared to its average volume of 1,703,988. The firm's 50-day moving average price is $180.56 and its two-hundred day moving average price is $205.23. Constellation Brands, Inc. has a 52 week low of $160.46 and a 52 week high of $265.70. The company has a market capitalization of $33.50 billion, a P/E ratio of 49.83, a P/E/G ratio of 1.52 and a beta of 1.75. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10.

Constellation Brands (NYSE:STZ - Get Free Report) last posted its earnings results on Wednesday, April 9th. The company reported $2.63 EPS for the quarter, topping the consensus estimate of $2.28 by $0.35. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same period in the previous year, the firm posted $2.26 earnings per share. The company's revenue for the quarter was up 1.2% compared to the same quarter last year. Analysts anticipate that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Tuesday, April 29th will be issued a dividend of $1.02 per share. This is a positive change from Constellation Brands's previous quarterly dividend of $1.01. The ex-dividend date is Tuesday, April 29th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.20%. Constellation Brands's dividend payout ratio is currently -800.00%.

Analyst Ratings Changes

A number of research analysts recently issued reports on STZ shares. Wells Fargo & Company lowered their target price on Constellation Brands from $230.00 to $210.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Morgan Stanley reduced their price objective on Constellation Brands from $202.00 to $195.00 and set an "equal weight" rating for the company in a research note on Friday, April 11th. Piper Sandler lowered Constellation Brands from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $245.00 to $200.00 in a research report on Monday, February 3rd. Argus downgraded Constellation Brands from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $215.00 target price on shares of Constellation Brands in a research report on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Constellation Brands currently has an average rating of "Hold" and a consensus target price of $224.42.

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 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.