Constellation Brands, Inc. (NYSE:STZ) Stock Position Trimmed by Intech Investment Management LLC

Intech Investment Management LLC trimmed its position in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 51.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,152 shares of the company's stock after selling 3,357 shares during the period. Intech Investment Management LLC's holdings in Constellation Brands were worth $697,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in STZ. Allworth Financial LP increased its stake in Constellation Brands by 0.8% during the fourth 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 grew its holdings in shares of Constellation Brands by 4.2% during the 4th quarter. BSW Wealth Partners now owns 1,563 shares of the company's stock worth $345,000 after purchasing an additional 63 shares during the period. Philip James Wealth Mangement LLC increased its position in Constellation Brands by 8.0% during the 4th quarter. Philip James Wealth Mangement LLC now owns 923 shares of the company's stock worth $204,000 after purchasing an additional 68 shares in the last quarter. Oak Asset Management LLC raised its holdings in Constellation Brands by 0.4% in the fourth quarter. Oak Asset Management LLC now owns 17,611 shares of the company's stock valued at $3,892,000 after buying an additional 71 shares during the period. Finally, Hartford Funds Management Co LLC lifted its position in Constellation Brands by 4.2% during the third quarter. Hartford Funds Management Co LLC now owns 1,797 shares of the company's stock valued at $463,000 after buying an additional 72 shares in the last quarter. 77.34% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In related news, Director William T. Giles bought 1,000 shares of the stock in a transaction dated Friday, January 17th. The stock was bought at an average cost of $186.39 per share, with a total value of $186,390.00. Following the completion of the acquisition, 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 ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.19% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on STZ shares. Citigroup lowered shares of Constellation Brands from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $260.00 to $200.00 in a research report on Thursday, March 20th. Truist Financial decreased their price target on shares of Constellation Brands from $255.00 to $190.00 and set a "hold" rating for the company in a research report on Tuesday, January 14th. Royal Bank of Canada cut their price objective on Constellation Brands from $293.00 to $289.00 and set an "outperform" rating on the stock in a research report on Friday, March 7th. Piper Sandler downgraded Constellation Brands from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $245.00 to $200.00 in a research report on Monday, February 3rd. Finally, Evercore ISI dropped their target price on Constellation Brands from $300.00 to $250.00 and set an "outperform" rating on the stock in a report on Monday, January 13th. One 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 presently has a consensus rating of "Hold" and an average target price of $250.41.

Constellation Brands Stock Down 0.9 %

NYSE STZ traded down $1.65 on Tuesday, hitting $178.63. 485,952 shares of the stock traded hands, compared to its average volume of 1,572,162. The company has a market capitalization of $32.28 billion, a P/E ratio of 48.05, a price-to-earnings-growth ratio of 1.52 and a beta of 0.90. The stock has a 50-day moving average of $177.22 and a 200 day moving average of $216.39. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. Constellation Brands, Inc. has a twelve month low of $160.46 and a twelve month high of $274.87.

Constellation Brands (NYSE:STZ - Get Free Report) last announced 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). The firm had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.53 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The business's revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter last year, the business earned $3.19 earnings per share. As a group, analysts expect that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date was Friday, February 7th. Constellation Brands's dividend payout ratio is presently 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.