Sei Investments Co. Increases Stake in Constellation Brands, Inc. (NYSE:STZ)

Sei Investments Co. increased its position in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 217,539 shares of the company's stock after buying an additional 1,672 shares during the period. Sei Investments Co. owned 0.12% of Constellation Brands worth $48,080,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Thrivent Financial for Lutherans increased its holdings in Constellation Brands by 13.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 7,341 shares of the company's stock worth $1,892,000 after acquiring an additional 845 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Constellation Brands during the third quarter worth about $815,000. King Luther Capital Management Corp raised its position in shares of Constellation Brands by 12.4% during the 3rd quarter. King Luther Capital Management Corp now owns 1,411 shares of the company's stock worth $364,000 after purchasing an additional 156 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in Constellation Brands by 2.4% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 43,245 shares of the company's stock valued at $11,144,000 after buying an additional 1,025 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its stake in Constellation Brands by 31.6% in the 3rd quarter. Pacer Advisors Inc. now owns 28,882 shares of the company's stock valued at $7,443,000 after buying an additional 6,938 shares in the last quarter. 77.34% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity at Constellation Brands

In other Constellation Brands news, Director William T. Giles purchased 1,000 shares of Constellation Brands stock in a transaction dated 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 completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 12.19% of the stock is currently owned by company insiders.

Analyst Ratings Changes

STZ has been the subject of a number of research analyst reports. TD Cowen reduced their target price on Constellation Brands from $270.00 to $260.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. BNP Paribas began coverage on Constellation Brands in a research note on Monday, November 25th. They issued a "neutral" rating and a $261.00 price objective for the company. JPMorgan Chase & Co. restated a "neutral" rating and issued a $203.00 price objective (down previously from $262.00) on shares of Constellation Brands in a report on Monday, January 13th. Barclays dropped their target price on shares of Constellation Brands from $214.00 to $205.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. Finally, Jefferies Financial Group reiterated a "hold" rating and issued a $201.00 target price (down from $310.00) on shares of Constellation Brands in a research report on Monday, January 13th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $250.41.

Constellation Brands Trading Down 1.1 %

NYSE STZ traded down $1.95 during trading hours on Tuesday, reaching $178.33. The company had a trading volume of 642,543 shares, compared to its average volume of 1,572,162. 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 stock has a market capitalization of $32.23 billion, a P/E ratio of 47.94, 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. Constellation Brands, Inc. has a 1-year low of $160.46 and a 1-year high of $274.87.

Constellation Brands (NYSE:STZ - Get Free Report) last posted its quarterly earnings data on Friday, January 10th. The company reported $3.25 earnings per share 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 analysts' expectations of $2.53 billion. During the same period in the previous year, the business posted $3.19 EPS. The business's revenue for the quarter was down .3% on a year-over-year basis. As a group, research analysts anticipate that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 2.27%. The ex-dividend date was Friday, February 7th. Constellation Brands's payout ratio is 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.