Corient Private Wealth LLC Sells 36,076 Shares of Constellation Brands, Inc. (NYSE:STZ)

Corient Private Wealth LLC trimmed its holdings in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 21.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 128,985 shares of the company's stock after selling 36,076 shares during the quarter. Corient Private Wealth LLC owned about 0.07% of Constellation Brands worth $28,506,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Allworth Financial LP lifted its holdings in shares of Constellation Brands by 0.8% during the 4th quarter. Allworth Financial LP now owns 7,357 shares of the company's stock worth $1,626,000 after acquiring an additional 59 shares during the last quarter. BSW Wealth Partners raised its position in Constellation Brands by 4.2% during the fourth quarter. BSW Wealth Partners now owns 1,563 shares of the company's stock valued at $345,000 after purchasing an additional 63 shares in the last quarter. Philip James Wealth Mangement LLC raised its position in Constellation Brands by 8.0% during the fourth quarter. Philip James Wealth Mangement LLC now owns 923 shares of the company's stock valued at $204,000 after purchasing an additional 68 shares in the last quarter. Oak Asset Management LLC lifted its stake in Constellation Brands by 0.4% during the fourth quarter. Oak Asset Management LLC now owns 17,611 shares of the company's stock worth $3,892,000 after purchasing an additional 71 shares during the last quarter. Finally, Hartford Funds Management Co LLC boosted its holdings in shares of Constellation Brands by 4.2% in the 3rd quarter. Hartford Funds Management Co LLC now owns 1,797 shares of the company's stock worth $463,000 after purchasing an additional 72 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Morgan Stanley cut Constellation Brands from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $220.00 to $202.00 in a report on Thursday, February 27th. BNP Paribas began coverage on shares of Constellation Brands in a research note on Monday, November 25th. They set a "neutral" rating and a $261.00 price target on the stock. StockNews.com cut shares of Constellation Brands from a "hold" rating to a "sell" rating in a research note on Friday, March 14th. UBS Group decreased their target price on shares of Constellation Brands from $265.00 to $223.00 and set a "buy" rating on the stock in a research report on Friday, January 17th. Finally, Jefferies Financial Group restated a "hold" rating and set a $201.00 price target (down from $310.00) on shares of Constellation Brands in a research report on Monday, January 13th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $250.41.

Constellation Brands Trading Down 0.6 %

Shares of NYSE STZ traded down $1.15 during midday trading on Friday, hitting $177.73. 6,618,182 shares of the company traded hands, compared to its average volume of 1,567,348. 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, Inc. has a 12-month low of $160.46 and a 12-month high of $274.87. The stock has a 50-day moving average price of $177.32 and a 200 day moving average price of $217.28. The firm has a market cap of $32.12 billion, a P/E ratio of 47.78, a P/E/G ratio of 1.52 and a beta of 0.90.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its earnings results on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing analysts' consensus estimates of $3.33 by ($0.08). Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The business had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter last year, the firm posted $3.19 EPS. The business's quarterly revenue was down .3% on a year-over-year basis. As a group, analysts expect that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a $1.01 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.27%. Constellation Brands's dividend payout ratio is currently 108.60%.

Insider Transactions at Constellation Brands

In other news, Director William T. Giles acquired 1,000 shares of the business's stock in a transaction that occurred on Friday, January 17th. The shares were bought at an average cost of $186.39 per share, with a total value of $186,390.00. Following the transaction, the director now owns 1,463 shares of the company's stock, valued at $272,688.57. This trade represents a 215.98 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 12.19% of the stock is owned by insiders.

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.