Teachers Retirement System of The State of Kentucky Trims Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

Teachers Retirement System of The State of Kentucky trimmed its position in Constellation Brands, Inc. (NYSE:STZ - Free Report) by 14.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,754 shares of the company's stock after selling 5,854 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Constellation Brands were worth $7,901,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in STZ. Tower Research Capital LLC TRC increased its holdings in Constellation Brands by 96.5% during 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 bought a new stake in shares of Constellation Brands during the 4th quarter valued at $347,000. MetLife Investment Management LLC increased its stake in shares of Constellation Brands by 1.4% in 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. Norinchukin Bank The increased its stake in shares of Constellation Brands by 8.4% in the 4th quarter. Norinchukin Bank The now owns 6,945 shares of the company's stock worth $1,535,000 after purchasing an additional 537 shares in the last quarter. Finally, Capital Research Global Investors lifted its position in Constellation Brands by 0.6% during the fourth quarter. Capital Research Global Investors now owns 2,901,975 shares of the company's stock valued at $641,336,000 after purchasing an additional 18,557 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors.

Constellation Brands Price Performance

Shares of NYSE STZ traded up $0.28 during mid-day trading on Thursday, hitting $187.56. 1,586,896 shares of the company's stock traded hands, compared to its average volume of 1,706,587. The company has a market capitalization of $33.90 billion, a P/E ratio of 50.42, a PEG 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 debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. The company's 50-day moving average is $180.56 and its two-hundred day moving average is $205.23.

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

Constellation Brands Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Tuesday, April 29th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Tuesday, April 29th. This represents a $4.08 annualized dividend and a dividend yield of 2.18%. This is an increase from Constellation Brands's previous quarterly dividend of $1.01. Constellation Brands's dividend payout ratio is currently -800.00%.

Analyst Ratings Changes

STZ has been the topic of several recent research reports. UBS Group decreased their price objective on Constellation Brands from $265.00 to $223.00 and set a "buy" rating on the stock in a research note on Friday, January 17th. Roth Capital decreased their price objective on shares of Constellation Brands from $298.00 to $284.00 and set a "buy" rating on the stock in a research report on Friday, January 17th. Needham & Company LLC reaffirmed a "buy" rating and issued a $215.00 target price on shares of Constellation Brands in a report on Thursday, April 10th. Barclays raised their price target on Constellation Brands from $203.00 to $207.00 and gave the company an "overweight" rating in a report on Monday, April 14th. Finally, The Goldman Sachs Group dropped their price objective on Constellation Brands from $260.00 to $225.00 and set a "buy" rating for the company in a research note on Friday, April 11th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target 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.