Vinva Investment Management Ltd Has $506,000 Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

Vinva Investment Management Ltd lowered its stake in Constellation Brands, Inc. (NYSE:STZ - Free Report) by 38.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,304 shares of the company's stock after selling 1,421 shares during the period. Vinva Investment Management Ltd's holdings in Constellation Brands were worth $506,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of STZ. Allworth Financial LP raised its position in shares of Constellation Brands by 0.8% during the fourth quarter. Allworth Financial LP now owns 7,357 shares of the company's stock worth $1,626,000 after purchasing an additional 59 shares during the period. BSW Wealth Partners increased its stake in Constellation Brands by 4.2% in the 4th quarter. BSW Wealth Partners now owns 1,563 shares of the company's stock worth $345,000 after purchasing an additional 63 shares in the last quarter. Philip James Wealth Mangement LLC raised its holdings in Constellation Brands by 8.0% during the 4th quarter. Philip James Wealth Mangement LLC now owns 923 shares of the company's stock worth $204,000 after buying an additional 68 shares during the period. Oak Asset Management LLC lifted its stake in Constellation Brands by 0.4% during the fourth quarter. Oak Asset Management LLC now owns 17,611 shares of the company's stock valued at $3,892,000 after buying an additional 71 shares in the last quarter. Finally, Hartford Funds Management Co LLC boosted its holdings in shares of Constellation Brands by 4.2% in the third quarter. Hartford Funds Management Co LLC now owns 1,797 shares of the company's stock worth $463,000 after buying an additional 72 shares during the period. Institutional investors and hedge funds own 77.34% of the company's stock.

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Insider Buying and Selling at Constellation Brands

In other news, Director William T. Giles acquired 1,000 shares of the stock in a transaction dated Friday, January 17th. The shares were acquired at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the completion of the transaction, the director now owns 1,463 shares in the company, valued at approximately $272,688.57. This trade represents a 215.98 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 12.19% of the company's stock.

Constellation Brands Stock Performance

Shares of STZ traded up $5.69 during mid-day trading on Wednesday, hitting $184.05. The company's stock had a trading volume of 1,517,993 shares, compared to its average volume of 2,901,002. Constellation Brands, Inc. has a one year low of $160.46 and a one year high of $274.87. The stock's 50-day moving average is $177.14 and its two-hundred day moving average is $215.89. The firm has a market capitalization of $33.26 billion, a PE ratio of 49.48, a price-to-earnings-growth ratio of 1.52 and a beta of 0.90. 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 (NYSE:STZ - Get Free Report) last posted its quarterly earnings results on Friday, January 10th. The company reported $3.25 earnings per share (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 company had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.53 billion. During the same quarter in the prior year, the business earned $3.19 earnings per share. The business's revenue for the quarter was down .3% on a year-over-year basis. As a group, sell-side analysts anticipate that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a dividend of $1.01 per share. The ex-dividend date was Friday, February 7th. This represents a $4.04 annualized dividend and a yield of 2.20%. Constellation Brands's dividend payout ratio is 108.60%.

Wall Street Analyst Weigh In

STZ has been the topic of a number of recent analyst reports. Needham & Company LLC restated a "buy" rating and set a $240.00 price target on shares of Constellation Brands in a report on Monday, January 27th. UBS Group cut their target price 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. Citigroup cut Constellation Brands from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $260.00 to $200.00 in a research report on Thursday, March 20th. Morgan Stanley lowered Constellation Brands from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $220.00 to $202.00 in a research report on Thursday, February 27th. Finally, Roth Capital decreased their price objective on Constellation Brands from $298.00 to $284.00 and set a "buy" rating for the company in a research report on Friday, January 17th. One analyst has rated the stock with a sell rating, eleven 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 a consensus rating of "Hold" and a consensus target price of $250.41.

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.