Constellation Brands, Inc. (NYSE:STZ) Shares Sold by Davis R M Inc.

Davis R M Inc. decreased its holdings in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 5.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 72,451 shares of the company's stock after selling 4,312 shares during the period. Davis R M Inc.'s holdings in Constellation Brands were worth $16,012,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Mainstream Capital Management LLC acquired a new stake in shares of Constellation Brands in the 4th quarter valued at approximately $25,000. SBI Securities Co. Ltd. acquired a new position in Constellation Brands during the 4th quarter worth about $26,000. Compagnie Lombard Odier SCmA bought a new stake in shares of Constellation Brands in the 4th quarter valued at $27,000. Union Bancaire Privee UBP SA bought a new position in shares of Constellation Brands in the 4th quarter worth about $28,000. Finally, Versant Capital Management Inc boosted its holdings in shares of Constellation Brands by 887.5% during the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company's stock worth $35,000 after buying an additional 142 shares in the last quarter. Institutional investors and hedge funds own 77.34% of the company's stock.

Insider Buying and Selling

In other Constellation Brands news, Director William T. Giles bought 1,000 shares of Constellation Brands stock in a transaction on Friday, January 17th. The shares were acquired at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the completion of the purchase, the director now directly owns 1,463 shares in the company, valued at approximately $272,688.57. This trade represents a 215.98 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 12.19% of the stock is currently owned by corporate insiders.

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Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on STZ shares. Wells Fargo & Company lowered their target price on Constellation Brands from $295.00 to $275.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 7th. UBS Group lowered their price objective on Constellation Brands from $265.00 to $223.00 and set a "buy" rating on the stock in a research report on Friday, January 17th. Royal Bank of Canada cut their target price on shares of Constellation Brands from $293.00 to $289.00 and set an "outperform" rating for the company in a research report on Friday, March 7th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $203.00 target price (down previously from $262.00) on shares of Constellation Brands in a report on Monday, January 13th. Finally, StockNews.com raised Constellation Brands from a "sell" rating to a "hold" rating in a research note on Thursday, March 6th. Eleven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $253.24.

Constellation Brands Price Performance

Shares of NYSE STZ traded down $2.21 during midday trading on Wednesday, reaching $183.06. 1,127,457 shares of the stock traded hands, compared to its average volume of 1,528,975. The company's 50 day moving average is $182.96 and its 200 day moving average is $220.33. Constellation Brands, Inc. has a one year low of $160.46 and a one year high of $274.87. The stock has a market capitalization of $33.08 billion, a PE ratio of 49.21, 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 current ratio of 1.10 and a quick ratio of 0.46.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its quarterly earnings data on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing analysts' consensus estimates of $3.33 by ($0.08). The business had revenue of $2.46 billion during the quarter, compared to analysts' expectations of $2.53 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The business's quarterly revenue was down .3% on a year-over-year basis. During the same period in the previous year, the business earned $3.19 earnings per share. On average, equities research analysts anticipate that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a dividend of $1.01 per share. The ex-dividend date was Friday, February 7th. This represents a $4.04 annualized dividend and a yield of 2.21%. Constellation Brands's payout ratio is 108.60%.

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.