Centiva Capital LP Sells 18,451 Shares of Constellation Brands, Inc. (NYSE:STZ)

Centiva Capital LP lowered its holdings in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 82.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,808 shares of the company's stock after selling 18,451 shares during the quarter. Centiva Capital LP's holdings in Constellation Brands were worth $842,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of STZ. Mainstream Capital Management LLC bought a new position in shares of Constellation Brands during the fourth quarter worth about $25,000. SBI Securities Co. Ltd. bought a new position in shares of Constellation Brands during the fourth quarter worth about $26,000. Compagnie Lombard Odier SCmA bought a new position in shares of Constellation Brands during the fourth quarter worth about $27,000. Union Bancaire Privee UBP SA bought a new position in shares of Constellation Brands during the fourth quarter worth about $28,000. Finally, Optiver Holding B.V. bought a new position in shares of Constellation Brands during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 77.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on STZ shares. Needham & Company LLC restated a "buy" rating and issued a $215.00 price target on shares of Constellation Brands in a research note on Thursday, April 10th. BMO Capital Markets decreased their price target on Constellation Brands from $260.00 to $215.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Morgan Stanley decreased their price target on Constellation Brands from $202.00 to $195.00 and set an "equal weight" rating for the company in a research note on Friday, April 11th. JPMorgan Chase & Co. decreased their price target on Constellation Brands from $203.00 to $194.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Finally, Argus downgraded Constellation Brands from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Constellation Brands currently has an average rating of "Moderate Buy" and an average price target of $225.74.

Constellation Brands Stock Performance

STZ traded down $0.15 during mid-day trading on Monday, reaching $189.93. 1,603,873 shares of the company traded hands, compared to its average volume of 1,734,476. The stock has a market capitalization of $33.81 billion, a P/E ratio of 51.06, a P/E/G ratio of 1.52 and a beta of 1.75. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. The company's fifty day moving average price is $183.37 and its 200-day moving average price is $200.58. Constellation Brands, Inc. has a 52-week low of $160.46 and a 52-week high of $265.70.

Constellation Brands (NYSE:STZ - Get Free Report) last posted its quarterly earnings data on Wednesday, April 9th. The company reported $2.63 EPS for the quarter, topping the consensus estimate of $2.28 by $0.35. The firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.14 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. Constellation Brands's revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.26 EPS. On average, sell-side analysts expect that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 29th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date is Tuesday, April 29th. This is a positive change from Constellation Brands's previous quarterly dividend of $1.01. Constellation Brands's dividend payout ratio is presently -800.00%.

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.