Mitsubishi UFJ Trust & Banking Corp Sells 2,551 Shares of Constellation Brands, Inc. (NYSE:STZ)

Mitsubishi UFJ Trust & Banking Corp lowered its position in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 3.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 71,882 shares of the company's stock after selling 2,551 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in Constellation Brands were worth $15,886,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Mainstream Capital Management LLC acquired a new stake in Constellation Brands in the fourth quarter valued at about $25,000. SBI Securities Co. Ltd. bought a new stake in shares of Constellation Brands during the 4th quarter valued at approximately $26,000. Compagnie Lombard Odier SCmA acquired a new position in Constellation Brands during the 4th quarter worth approximately $27,000. Union Bancaire Privee UBP SA bought a new position in Constellation Brands in the 4th quarter valued at approximately $28,000. Finally, Versant Capital Management Inc boosted its position in Constellation Brands by 887.5% in the fourth quarter. Versant Capital Management Inc now owns 158 shares of the company's stock valued at $35,000 after buying an additional 142 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Piper Sandler cut Constellation Brands from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $245.00 to $200.00 in a research note on Monday, February 3rd. TD Cowen cut their price target on Constellation Brands from $270.00 to $260.00 and set a "hold" rating on the stock in a research note on Wednesday, January 8th. Argus downgraded Constellation Brands from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Barclays cut their target price on shares of Constellation Brands from $205.00 to $203.00 and set an "overweight" rating on the stock in a research report on Thursday. Finally, Royal Bank of Canada decreased their price target on shares of Constellation Brands from $293.00 to $289.00 and set an "outperform" rating for the company in a research report on Friday, March 7th. One equities research 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's stock. According to data from MarketBeat.com, Constellation Brands currently has a consensus rating of "Hold" and a consensus price target of $249.18.

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Insiders Place Their Bets

In other news, Director William T. Giles purchased 1,000 shares of the business's stock in a transaction dated Friday, January 17th. The stock was bought at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the purchase, the director now 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 12.19% of the company's stock.

Constellation Brands Stock Down 0.1 %

NYSE STZ traded down $0.23 on Monday, hitting $183.51. 1,822,794 shares of the company were exchanged, compared to its average volume of 1,628,754. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. The company has a market cap of $33.17 billion, a PE ratio of 49.33, a PEG ratio of 1.52 and a beta of 1.75. The stock has a fifty day moving average of $177.19 and a 200-day moving average of $214.50. Constellation Brands, Inc. has a 12 month low of $160.46 and a 12 month high of $274.87.

Constellation Brands (NYSE:STZ - Get Free Report) last released its quarterly earnings data on Friday, January 10th. The company reported $3.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.33 by ($0.08). Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same period last year, the company earned $3.19 EPS. Constellation Brands's revenue for the quarter was down .3% compared to the same quarter last year. As a group, analysts forecast 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. Stockholders of record on Friday, February 7th were given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 2.20%. The ex-dividend date was Friday, February 7th. Constellation Brands's dividend payout ratio is presently 108.60%.

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.