UMB Bank n.a. Has $1.24 Million Stock Position in Constellation Brands, Inc. (NYSE:STZ)

UMB Bank n.a. cut its stake in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 22.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,613 shares of the company's stock after selling 1,652 shares during the quarter. UMB Bank n.a.'s holdings in Constellation Brands were worth $1,240,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Benjamin F. Edwards & Company Inc. boosted its stake in Constellation Brands by 14.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,118 shares of the company's stock worth $802,000 after purchasing an additional 385 shares during the period. AE Wealth Management LLC grew its stake in Constellation Brands by 10.2% in the second quarter. AE Wealth Management LLC now owns 1,530 shares of the company's stock valued at $394,000 after purchasing an additional 142 shares in the last quarter. ProShare Advisors LLC increased its position in Constellation Brands by 16.4% in the 2nd quarter. ProShare Advisors LLC now owns 23,486 shares of the company's stock worth $6,042,000 after purchasing an additional 3,310 shares during the last quarter. Frank Rimerman Advisors LLC acquired a new stake in shares of Constellation Brands during the 2nd quarter valued at about $423,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Constellation Brands by 11.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,950 shares of the company's stock valued at $478,000 after buying an additional 200 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on STZ shares. Roth Capital cut 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. BMO Capital Markets cut their price target on shares of Constellation Brands from $315.00 to $305.00 and set an "outperform" rating on the stock in a report on Tuesday, October 15th. UBS Group decreased their price objective on shares of Constellation Brands from $265.00 to $223.00 and set a "buy" rating for the company in a report on Friday, January 17th. Barclays reduced their price target on Constellation Brands from $282.00 to $214.00 and set an "overweight" rating for the company in a research report on Tuesday, January 14th. Finally, Argus lowered Constellation Brands from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $259.05.

Insider Transactions at Constellation Brands

In other news, Director William T. Giles purchased 1,000 shares of the firm's stock in a transaction that occurred on Friday, January 17th. The shares were acquired at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the completion of the acquisition, the director now directly owns 1,463 shares in the company, valued at approximately $272,688.57. The trade was a 215.98 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William A. Newlands sold 25,000 shares of the business's stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $243.58, for a total value of $6,089,500.00. Following the sale, the chief executive officer now directly owns 7,274 shares of the company's stock, valued at $1,771,800.92. This represents a 77.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 69,172 shares of company stock worth $16,778,841. Corporate insiders own 12.19% of the company's stock.

Constellation Brands Stock Performance

STZ opened at $182.99 on Wednesday. Constellation Brands, Inc. has a 1 year low of $176.51 and a 1 year high of $274.87. The stock has a market cap of $33.07 billion, a PE ratio of 49.19, a P/E/G ratio of 1.62 and a beta of 0.91. 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's 50 day simple moving average is $225.70 and its 200-day simple moving average is $238.27.

Constellation Brands (NYSE:STZ - Get Free Report) last announced 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). The company had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.53 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The business's revenue was down .3% on a year-over-year basis. During the same quarter last year, the company earned $3.19 earnings per share. Sell-side analysts forecast that Constellation Brands, Inc. will post 13.52 EPS for the current year.

Constellation Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 2.21%. The ex-dividend date is Friday, February 7th. Constellation Brands's payout ratio is presently 108.60%.

About Constellation Brands

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.