Constellation Brands, Inc. (NYSE:STZ) Stock Holdings Trimmed by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. trimmed its holdings in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 14.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 370,470 shares of the company's stock after selling 62,120 shares during the period. Envestnet Asset Management Inc. owned 0.20% of Constellation Brands worth $81,874,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in STZ. Quantinno Capital Management LP grew its stake in shares of Constellation Brands by 58.4% in the third quarter. Quantinno Capital Management LP now owns 7,944 shares of the company's stock valued at $2,047,000 after buying an additional 2,928 shares in the last quarter. EP Wealth Advisors LLC purchased a new position in Constellation Brands in the 3rd quarter worth approximately $207,000. National Bank of Canada FI grew its position in Constellation Brands by 33.2% in the third quarter. National Bank of Canada FI now owns 78,205 shares of the company's stock valued at $20,152,000 after acquiring an additional 19,510 shares in the last quarter. MML Investors Services LLC grew its position in Constellation Brands by 127.1% in the third quarter. MML Investors Services LLC now owns 54,207 shares of the company's stock valued at $13,968,000 after acquiring an additional 30,333 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its stake in shares of Constellation Brands by 3.7% during the third quarter. Nomura Asset Management Co. Ltd. now owns 84,204 shares of the company's stock valued at $21,699,000 after purchasing an additional 2,980 shares during the period. 77.34% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling at Constellation Brands

In other news, Director William T. Giles acquired 1,000 shares of the company's stock in a transaction that occurred on Friday, January 17th. The shares were acquired at an average price of $186.39 per share, with a total value of $186,390.00. Following the acquisition, the director now directly owns 1,463 shares in the company, valued at approximately $272,688.57. The trade was a 215.98 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.19% of the stock is currently owned by company insiders.

Constellation Brands Stock Performance

Shares of NYSE:STZ traded up $2.28 during trading on Monday, reaching $187.91. 426,722 shares of the company's stock traded hands, compared to its average volume of 2,874,574. The stock has a market capitalization of $33.96 billion, a P/E ratio of 50.51, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a 12 month low of $160.46 and a 12 month high of $265.70. The company has a 50 day moving average of $176.86 and a 200-day moving average of $208.70. 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 earnings results on Wednesday, April 9th. The company reported $2.63 EPS for the quarter, beating analysts' consensus estimates of $2.28 by $0.35. The company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.14 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. Constellation Brands's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.26 earnings per share. On average, equities analysts expect that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 29th will be given a $1.02 dividend. The ex-dividend date is Tuesday, April 29th. This is a positive change from Constellation Brands's previous quarterly dividend of $1.01. This represents a $4.08 annualized dividend and a yield of 2.17%. Constellation Brands's dividend payout ratio (DPR) is currently -792.16%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of Constellation Brands from $203.00 to $194.00 and set a "neutral" rating for the company in a research note on Friday. Needham & Company LLC reissued a "buy" rating and issued a $215.00 price objective on shares of Constellation Brands in a research report on Thursday. Roth Mkm dropped their target price on Constellation Brands from $284.00 to $256.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. StockNews.com raised Constellation Brands from a "sell" rating to a "hold" rating in a report on Wednesday, April 9th. Finally, Argus lowered Constellation Brands from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Eleven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Constellation Brands presently has an average rating of "Hold" and an average price target of $228.50.

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.