US Bancorp DE Has $15.57 Million Position in Constellation Brands, Inc. (NYSE:STZ)

US Bancorp DE decreased its holdings in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 7.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,428 shares of the company's stock after selling 5,721 shares during the quarter. US Bancorp DE's holdings in Constellation Brands were worth $15,565,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Compagnie Lombard Odier SCmA bought a new stake in shares of Constellation Brands in the 4th quarter valued at about $27,000. Union Bancaire Privee UBP SA acquired a new stake in Constellation Brands in the fourth quarter worth $28,000. Versant Capital Management Inc boosted its position in shares of Constellation Brands by 887.5% during the fourth quarter. Versant Capital Management Inc now owns 158 shares of the company's stock worth $35,000 after purchasing an additional 142 shares in the last quarter. Centricity Wealth Management LLC acquired a new position in shares of Constellation Brands in the 4th quarter valued at $35,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Constellation Brands in the 4th quarter valued at $36,000. 77.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on STZ shares. Morgan Stanley cut Constellation Brands from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $220.00 to $202.00 in a research note on Thursday, February 27th. Barclays decreased their price objective 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. Evercore ISI dropped their target price on shares of Constellation Brands from $300.00 to $250.00 and set an "outperform" rating on the stock in a report on Monday, January 13th. Roth Capital lowered their price objective on shares of Constellation Brands from $298.00 to $284.00 and set a "buy" rating for the company in a research report on Friday, January 17th. Finally, BNP Paribas began coverage on Constellation Brands in a report on Monday, November 25th. They set a "neutral" rating and a $261.00 target price for the company. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Constellation Brands has an average rating of "Hold" and a consensus target price of $253.43.

Insider Activity at Constellation Brands

In other news, Director William T. Giles acquired 1,000 shares of Constellation Brands stock in a transaction dated Friday, January 17th. The stock was bought 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 12.19% of the stock is owned by company insiders.

Constellation Brands Stock Performance

Constellation Brands stock traded up $2.09 during midday trading on Wednesday, reaching $174.65. 1,571,812 shares of the company's stock were exchanged, compared to its average volume of 2,990,119. The stock's 50-day simple moving average is $186.93 and its 200 day simple moving average is $222.47. The firm has a market cap of $31.56 billion, a price-to-earnings ratio of 47.00, a P/E/G 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. Constellation Brands, Inc. has a 52 week low of $160.46 and a 52 week high of $274.87.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its earnings results on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $2.53 billion. During the same quarter in the prior year, the firm posted $3.19 earnings per share. The business's revenue was down .3% compared to the same quarter last year. On average, analysts expect that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend 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.