Constellation Brands, Inc. (NYSE:STZ) Shares Sold by Stifel Financial Corp

Stifel Financial Corp reduced its position in Constellation Brands, Inc. (NYSE:STZ - Free Report) by 9.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 192,814 shares of the company's stock after selling 20,683 shares during the period. Stifel Financial Corp owned about 0.11% of Constellation Brands worth $42,622,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of STZ. State of Tennessee Department of Treasury raised its holdings in Constellation Brands by 44.9% during the 4th quarter. State of Tennessee Department of Treasury now owns 73,435 shares of the company's stock worth $16,229,000 after purchasing an additional 22,738 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Constellation Brands by 96.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,366 shares of the company's stock valued at $2,291,000 after buying an additional 5,092 shares during the last quarter. Landing Point Financial Group LLC acquired a new stake in shares of Constellation Brands during the 4th quarter worth about $347,000. MetLife Investment Management LLC grew its holdings in shares of Constellation Brands by 1.4% during the 4th quarter. MetLife Investment Management LLC now owns 41,377 shares of the company's stock worth $9,144,000 after purchasing an additional 589 shares in the last quarter. Finally, Norinchukin Bank The lifted its position in shares of Constellation Brands by 8.4% during the 4th quarter. Norinchukin Bank The now owns 6,945 shares of the company's stock worth $1,535,000 after buying an additional 537 shares during the last quarter. Institutional investors own 77.34% of the company's stock.

Constellation Brands Price Performance

STZ traded up $1.05 during midday trading on Tuesday, hitting $185.78. The stock had a trading volume of 290,659 shares, compared to its average volume of 1,705,494. Constellation Brands, Inc. has a 1 year low of $160.46 and a 1 year high of $265.70. The company has a market cap of $33.58 billion, a P/E ratio of 49.88, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. The business has a fifty day moving average of $181.15 and a 200 day moving average of $203.97.

Constellation Brands (NYSE:STZ - Get Free Report) last released its quarterly earnings data on Wednesday, April 9th. The company reported $2.63 EPS for the quarter, topping the consensus estimate of $2.28 by $0.35. The company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.14 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. Constellation Brands's revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the company earned $2.26 EPS. As a group, equities analysts forecast that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Tuesday, April 29th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.20%. This is a positive change from Constellation Brands's previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Tuesday, April 29th. Constellation Brands's payout ratio is presently -800.00%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Argus downgraded shares of Constellation Brands from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. TD Cowen cut their price objective on Constellation Brands from $270.00 to $260.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. Needham & Company LLC restated a "buy" rating and set a $215.00 price target on shares of Constellation Brands in a research report on Thursday, April 10th. Wells Fargo & Company decreased their price objective on Constellation Brands from $230.00 to $210.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. Finally, UBS Group lowered their price objective on shares of Constellation Brands from $265.00 to $223.00 and set a "buy" rating on the stock in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $224.42.

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.