AMI Asset Management Corp Sells 6,128 Shares of Constellation Brands, Inc. (NYSE:STZ)

AMI Asset Management Corp lessened its holdings in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 3.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,399 shares of the company's stock after selling 6,128 shares during the quarter. Constellation Brands makes up 1.9% of AMI Asset Management Corp's investment portfolio, making the stock its 25th largest holding. AMI Asset Management Corp owned 0.09% of Constellation Brands worth $35,448,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in STZ. International Assets Investment Management LLC raised its stake in shares of Constellation Brands by 23,184.7% during the 3rd quarter. International Assets Investment Management LLC now owns 499,689 shares of the company's stock worth $128,765,000 after purchasing an additional 497,543 shares in the last quarter. State Street Corp raised its position in Constellation Brands by 6.0% during 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 valued at $81,762,000 after acquiring an additional 147,457 shares during the last quarter. NFJ Investment Group LLC grew its position in Constellation Brands by 617.3% in the third 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 stake in shares of Constellation Brands by 4,601.2% during the 3rd quarter. World Investment Advisors LLC now owns 87,771 shares of the company's stock worth $22,618,000 after purchasing an additional 85,904 shares during the last quarter. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Constellation Brands

In other news, major shareholder Wildstar Partners Llc sold 660 shares of Constellation Brands stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total value of $159,060.00. Following the completion of the sale, the insider now directly owns 1,736,884 shares of the company's stock, valued at approximately $418,589,044. This trade represents a 0.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP James A. Jr. Sabia sold 36,086 shares of Constellation Brands stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $242.99, for a total value of $8,768,537.14. Following the completion of the sale, the executive vice president now owns 16,042 shares of the company's stock, valued at approximately $3,898,045.58. The trade was a 69.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 69,172 shares of company stock valued at $16,778,841. Corporate insiders own 12.19% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on STZ. Roth Capital reduced their price objective on shares of Constellation Brands from $298.00 to $284.00 and set a "buy" rating for the company in a research note on Friday. UBS Group decreased their price target on Constellation Brands from $265.00 to $223.00 and set a "buy" rating for the company in a research note on Friday. Morgan Stanley reduced their target price on Constellation Brands from $280.00 to $220.00 and set an "overweight" rating for the company in a report on Monday, January 13th. Needham & Company LLC restated a "buy" rating and issued a $280.00 price objective on shares of Constellation Brands in a research note on Friday, January 10th. Finally, Roth Mkm reiterated a "buy" rating and issued a $298.00 target price on shares of Constellation Brands in a report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $259.05.

Constellation Brands Price Performance

NYSE STZ traded down $1.32 during trading on Tuesday, reaching $182.99. 3,934,236 shares of the company traded hands, compared to its average volume of 3,169,718. Constellation Brands, Inc. has a 1-year low of $176.51 and a 1-year high of $274.87. The company has a market cap of $33.07 billion, a price-to-earnings ratio of 49.19, a P/E/G ratio of 1.62 and a beta of 0.91. The stock's 50 day moving average price is $225.70 and its two-hundred day moving average price is $238.27. 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 released its quarterly earnings data on Friday, January 10th. The company reported $3.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.33 by ($0.08). Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.53 billion. During the same quarter in the prior year, the company earned $3.19 earnings per share. The business's revenue was down .3% compared to the same quarter last year. As a group, analysts anticipate that Constellation Brands, Inc. will post 13.52 EPS for the current year.

Constellation Brands Announces Dividend

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

Constellation Brands Company 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.