Sumitomo Mitsui Trust Holdings Inc. Lowers Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

Sumitomo Mitsui Trust Holdings Inc. trimmed its position in Constellation Brands, Inc. (NYSE:STZ) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 383,309 shares of the company’s stock after selling 3,074 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.21% of Constellation Brands worth $92,665,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Burns Matteson Capital Management LLC lifted its holdings in shares of Constellation Brands by 1.7% in the fourth quarter. Burns Matteson Capital Management LLC now owns 2,499 shares of the company’s stock worth $604,000 after buying an additional 42 shares in the last quarter. FAS Wealth Partners Inc. raised its stake in Constellation Brands by 3.5% in the fourth quarter. FAS Wealth Partners Inc. now owns 1,277 shares of the company’s stock valued at $309,000 after purchasing an additional 43 shares in the last quarter. Toth Financial Advisory Corp raised its stake in Constellation Brands by 0.3% in the third quarter. Toth Financial Advisory Corp now owns 16,237 shares of the company’s stock valued at $4,081,000 after purchasing an additional 44 shares in the last quarter. United Capital Financial Advisers LLC raised its stake in Constellation Brands by 2.9% in the first quarter. United Capital Financial Advisers LLC now owns 1,552 shares of the company’s stock valued at $357,000 after purchasing an additional 44 shares in the last quarter. Finally, IHT Wealth Management LLC raised its stake in Constellation Brands by 1.9% in the first quarter. IHT Wealth Management LLC now owns 2,406 shares of the company’s stock valued at $543,000 after purchasing an additional 45 shares in the last quarter. 77.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. HSBC raised their target price on shares of Constellation Brands from $290.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Jefferies Financial Group raised their target price on shares of Constellation Brands from $292.00 to $314.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Argus upgraded shares of Constellation Brands from a “hold” rating to a “buy” rating and set a $306.00 price target on the stock in a research report on Monday. BMO Capital Markets increased their price target on shares of Constellation Brands from $290.00 to $315.00 and gave the company an “outperform” rating in a research report on Friday, April 12th. Finally, Bank of America increased their price target on shares of Constellation Brands from $290.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Three equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $298.55.

Constellation Brands Trading Down 0.3 %

Constellation Brands stock opened at $257.78 on Wednesday. The business has a 50-day simple moving average of $257.25 and a two-hundred day simple moving average of $247.05. The company has a market cap of $47.13 billion, a P/E ratio of 27.48, a P/E/G ratio of 1.78 and a beta of 0.97. Constellation Brands, Inc. has a 52-week low of $221.81 and a 52-week high of $274.87. The company has a quick ratio of 0.53, a current ratio of 1.19 and a debt-to-equity ratio of 1.06.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Thursday, April 11th. The company reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.16. The business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.09 billion. Constellation Brands had a return on equity of 23.06% and a net margin of 16.13%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.98 EPS. Analysts predict that Constellation Brands, Inc. will post 13.43 EPS for the current year.

Constellation Brands Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 3rd will be paid a dividend of $1.01 per share. This is an increase from Constellation Brands’s previous quarterly dividend of $0.89. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Thursday, May 2nd. Constellation Brands’s payout ratio is currently 37.95%.

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