Constellation Brands, Inc. (NYSE:STZ) Shares Sold by Invesco Ltd.

Invesco Ltd. trimmed its position in Constellation Brands, Inc. (NYSE:STZ - Free Report) by 2.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,460,380 shares of the company's stock after selling 62,324 shares during the quarter. Invesco Ltd. owned 1.36% of Constellation Brands worth $543,744,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in STZ. Bank of Montreal Can raised its position in shares of Constellation Brands by 0.6% in the 4th quarter. Bank of Montreal Can now owns 308,956 shares of the company's stock worth $68,279,000 after acquiring an additional 1,797 shares in the last quarter. Cerity Partners LLC grew its position in Constellation Brands by 3.8% during the 4th quarter. Cerity Partners LLC now owns 126,048 shares of the company's stock worth $28,761,000 after purchasing an additional 4,594 shares during the period. FMR LLC increased its holdings in shares of Constellation Brands by 18.3% during the 4th quarter. FMR LLC now owns 1,641,087 shares of the company's stock valued at $362,680,000 after purchasing an additional 253,740 shares in the last quarter. Ilmarinen Mutual Pension Insurance Co raised its holdings in Constellation Brands by 12.5% in the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 13,500 shares of the company's stock worth $2,984,000 after purchasing an additional 1,500 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in Constellation Brands by 2.3% during the fourth quarter. Russell Investments Group Ltd. now owns 69,016 shares of the company's stock valued at $15,244,000 after purchasing an additional 1,520 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors.

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Insider Transactions at Constellation Brands

In related news, Director William T. Giles acquired 1,000 shares of the company's stock in a transaction that occurred on Friday, January 17th. The stock was purchased at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the transaction, the director now owns 1,463 shares in the company, valued at $272,688.57. This trade represents a 215.98 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 12.19% of the company's stock.

Wall Street Analysts Forecast Growth

STZ has been the topic of several recent research reports. Wells Fargo & Company lowered their target price on shares of Constellation Brands from $230.00 to $210.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Argus cut shares of Constellation Brands from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Evercore ISI lowered their price target on Constellation Brands from $300.00 to $250.00 and set an "outperform" rating for the company in a research report on Monday, January 13th. Jefferies Financial Group restated a "hold" rating and issued a $201.00 price objective (down previously from $310.00) on shares of Constellation Brands in a report on Monday, January 13th. Finally, JPMorgan Chase & Co. cut their price target on Constellation Brands from $203.00 to $194.00 and set a "neutral" rating on the stock in a report on Friday. Eleven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Constellation Brands presently has an average rating of "Hold" and an average price target of $228.50.

Constellation Brands Stock Performance

NYSE:STZ traded up $2.20 during trading hours on Monday, reaching $187.83. 480,599 shares of the company's stock were exchanged, compared to its average volume of 1,688,702. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $33.95 billion, a price-to-earnings ratio of 50.49, a P/E/G ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a 1-year low of $160.46 and a 1-year high of $265.70. The company has a 50-day moving average of $176.86 and a 200 day moving average of $208.70.

Constellation Brands (NYSE:STZ - Get Free Report) last released its quarterly earnings results on Wednesday, April 9th. The company reported $2.63 EPS for the quarter, topping the consensus estimate of $2.28 by $0.35. The business had revenue of $2.13 billion during the quarter, compared to analysts' expectations of $2.14 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The company's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.26 earnings per share. Research analysts anticipate 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 dividend of $1.02 per share. This is a positive change from Constellation Brands's previous quarterly dividend of $1.01. This represents a $4.08 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Tuesday, April 29th. Constellation Brands's payout ratio is presently -792.16%.

Constellation Brands 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.