Mitsubishi UFJ Trust & Banking Corp Sells 2,806 Shares of Constellation Brands, Inc. (NYSE:STZ)

Mitsubishi UFJ Trust & Banking Corp trimmed its stake in shares of Constellation Brands, Inc. (NYSE:STZFree Report) by 2.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,041 shares of the company’s stock after selling 2,806 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.05% of Constellation Brands worth $23,384,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Indiana Trust & Investment Management CO acquired a new position in Constellation Brands during the 3rd quarter worth approximately $25,000. Impact Partnership Wealth LLC increased its position in Constellation Brands by 1,175.0% during the 3rd quarter. Impact Partnership Wealth LLC now owns 102 shares of the company’s stock worth $26,000 after purchasing an additional 94 shares in the last quarter. Resurgent Financial Advisors LLC acquired a new position in Constellation Brands during the 4th quarter worth approximately $34,000. First Financial Corp IN acquired a new position in Constellation Brands during the 3rd quarter worth approximately $40,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in Constellation Brands during the 3rd quarter worth approximately $41,000. 88.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Argus cut shares of Constellation Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Royal Bank of Canada restated an “outperform” rating and issued a $295.00 price target on shares of Constellation Brands in a research report on Friday. JPMorgan Chase & Co. decreased their price target on shares of Constellation Brands from $309.00 to $301.00 and set an “overweight” rating for the company in a research report on Thursday, December 21st. TheStreet cut shares of Constellation Brands from a “b” rating to a “c+” rating in a research report on Friday, January 5th. Finally, Jefferies Financial Group assumed coverage on shares of Constellation Brands in a research report on Monday, November 13th. They issued a “buy” rating and a $292.00 price target for the company. Four analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $289.24.

Get Our Latest Stock Report on Constellation Brands

Constellation Brands Stock Performance

STZ opened at $242.55 on Monday. The company has a current ratio of 1.05, a quick ratio of 0.46 and a debt-to-equity ratio of 1.05. The company’s fifty day moving average price is $245.07 and its two-hundred day moving average price is $248.29. Constellation Brands, Inc. has a 1-year low of $210.15 and a 1-year high of $273.65. The company has a market cap of $44.34 billion, a price-to-earnings ratio of 28.70, a PEG ratio of 1.89 and a beta of 0.96.

Constellation Brands (NYSE:STZGet Free Report) last released its quarterly earnings data on Friday, January 5th. The company reported $3.19 earnings per share for the quarter, topping the consensus estimate of $3.03 by $0.16. Constellation Brands had a net margin of 14.76% and a return on equity of 23.35%. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter in the prior year, the company posted $2.83 earnings per share. The business’s revenue was up 1.4% on a year-over-year basis. On average, analysts expect that Constellation Brands, Inc. will post 11.88 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Shareholders of record on Thursday, February 8th will be issued a dividend of $0.89 per share. The ex-dividend date of this dividend is Wednesday, February 7th. This represents a $3.56 annualized dividend and a yield of 1.47%. Constellation Brands’s payout ratio is 42.13%.

Insiders Place Their Bets

In other news, major shareholder Family Foundation Sands sold 354,616 shares of the stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $250.26, for a total value of $88,746,200.16. Following the completion of the sale, the insider now owns 54,461 shares in the company, valued at $13,629,409.86. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 16.19% of the company’s stock.

About Constellation Brands

(Free Report)

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 Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Victoria, Vicky Chamoy, and Pacifico brands.

Featured Stories

Want to see what other hedge funds are holding STZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Constellation Brands, Inc. (NYSE:STZFree Report).

Institutional Ownership by Quarter for Constellation Brands (NYSE:STZ)

Receive News & Ratings for Constellation Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Constellation Brands and related companies with MarketBeat.com's FREE daily email newsletter.