Constellation Brands, Inc. (NYSE:STZ) Shares Acquired by Trexquant Investment LP

Trexquant Investment LP lifted its stake in Constellation Brands, Inc. (NYSE:STZ - Free Report) by 62.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,213 shares of the company's stock after buying an additional 14,668 shares during the quarter. Trexquant Investment LP's holdings in Constellation Brands were worth $8,445,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of STZ. Allworth Financial LP increased its holdings in shares of Constellation Brands by 0.8% during the 4th quarter. Allworth Financial LP now owns 7,357 shares of the company's stock valued at $1,626,000 after purchasing an additional 59 shares in the last quarter. BSW Wealth Partners boosted its stake in shares of Constellation Brands by 4.2% during the 4th quarter. BSW Wealth Partners now owns 1,563 shares of the company's stock worth $345,000 after acquiring an additional 63 shares in the last quarter. Philip James Wealth Mangement LLC grew its position in shares of Constellation Brands by 8.0% during the 4th quarter. Philip James Wealth Mangement LLC now owns 923 shares of the company's stock valued at $204,000 after acquiring an additional 68 shares during the period. Oak Asset Management LLC increased its stake in shares of Constellation Brands by 0.4% in the 4th quarter. Oak Asset Management LLC now owns 17,611 shares of the company's stock valued at $3,892,000 after purchasing an additional 71 shares in the last quarter. Finally, Barden Capital Management Inc. boosted its position in Constellation Brands by 1.3% during the fourth quarter. Barden Capital Management Inc. now owns 5,574 shares of the company's stock worth $1,232,000 after purchasing an additional 72 shares in the last quarter. 77.34% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of research analysts have recently issued reports on STZ shares. Wells Fargo & Company decreased their target price on Constellation Brands from $230.00 to $210.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Royal Bank of Canada lowered their price objective on Constellation Brands from $293.00 to $289.00 and set an "outperform" rating on the stock in a report on Friday, March 7th. Morgan Stanley lowered Constellation Brands from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $220.00 to $202.00 in a research note on Thursday, February 27th. 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. Finally, UBS Group decreased their price target on shares of Constellation Brands from $265.00 to $223.00 and set a "buy" rating on the stock in a research note on Friday, January 17th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Constellation Brands presently has a consensus rating of "Hold" and a consensus target price of $244.32.

Constellation Brands Stock Performance

Shares of Constellation Brands stock traded down $0.02 on Tuesday, hitting $172.57. The stock had a trading volume of 2,368,023 shares, compared to its average volume of 1,657,706. The stock has a market cap of $31.19 billion, a price-to-earnings ratio of 46.54, a P/E/G ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a 52-week low of $160.46 and a 52-week high of $274.87. The company's 50 day moving average price is $176.84 and its 200 day moving average price is $211.47. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.53 billion. During the same quarter in the prior year, the company earned $3.19 EPS. The firm's revenue for the quarter was down .3% on a year-over-year basis. On average, research analysts anticipate that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $1.01 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a yield of 2.34%. Constellation Brands's payout ratio is currently 108.60%.

Insider Activity at Constellation Brands

In related news, Director William T. Giles purchased 1,000 shares of the business's stock in a transaction dated Friday, January 17th. The stock was acquired at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the acquisition, the director now directly owns 1,463 shares of the company's stock, valued at $272,688.57. This trade represents a 215.98 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 12.19% of the stock is owned by insiders.

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.