Groupama Asset Managment Cuts Holdings in Constellation Brands, Inc. (NYSE:STZ)

Groupama Asset Managment lessened its stake in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 47.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,088 shares of the company's stock after selling 10,168 shares during the quarter. Groupama Asset Managment's holdings in Constellation Brands were worth $2,436,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of STZ. Mainstream Capital Management LLC purchased a new position in shares of Constellation Brands during the 4th quarter valued at $25,000. SBI Securities Co. Ltd. purchased a new position in Constellation Brands during the fourth quarter worth about $26,000. Compagnie Lombard Odier SCmA bought a new position in Constellation Brands in the 4th quarter worth about $27,000. Union Bancaire Privee UBP SA purchased a new stake in shares of Constellation Brands in the 4th quarter valued at about $28,000. Finally, Versant Capital Management Inc boosted its position 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 valued at $35,000 after acquiring an additional 142 shares during the last quarter. 77.34% of the stock is currently owned by institutional investors.

Constellation Brands Trading Down 4.2 %

Shares of NYSE STZ traded down $7.70 during midday trading on Friday, hitting $173.79. 3,176,710 shares of the company traded hands, compared to its average volume of 1,646,056. Constellation Brands, Inc. has a 12-month low of $160.46 and a 12-month high of $274.87. The firm has a market cap of $31.41 billion, a P/E ratio of 46.72, a P/E/G ratio of 1.52 and a beta of 1.75. The stock has a 50-day moving average price of $177.33 and a 200 day moving average price of $213.11. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10.

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Constellation Brands (NYSE:STZ - Get Free Report) last announced its quarterly earnings data on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.08). The firm had revenue of $2.46 billion for the quarter, compared to analysts' expectations of $2.53 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The business's quarterly revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the business posted $3.19 EPS. 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 firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date was Friday, February 7th. Constellation Brands's dividend payout ratio is 108.60%.

Analyst Ratings Changes

STZ has been the subject of a number of research reports. Roth Mkm cut their price target on shares of Constellation Brands from $284.00 to $256.00 and set a "buy" rating for the company in a research note on Thursday. Jefferies Financial Group restated a "hold" rating and issued a $201.00 target price (down previously from $310.00) on shares of Constellation Brands in a research report on Monday, January 13th. Roth Capital reduced their price target on shares of Constellation Brands from $298.00 to $284.00 and set a "buy" rating on the stock in a research report on Friday, January 17th. TD Cowen lowered their price objective on shares of Constellation Brands from $270.00 to $260.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. Finally, Barclays cut their price objective on shares of Constellation Brands from $205.00 to $203.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $244.32.

Insider Activity

In related news, Director William T. Giles purchased 1,000 shares of Constellation Brands stock in a transaction dated Friday, January 17th. The stock was purchased at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the completion of the acquisition, the director now directly owns 1,463 shares of the company's stock, valued at $272,688.57. The trade was a 215.98 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 12.19% of the company's stock.

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.