Mn Services Vermogensbeheer B.V. Sells 4,600 Shares of Constellation Brands Inc (NYSE:STZ)

Mn Services Vermogensbeheer B.V. trimmed its holdings in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 7.2% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 59,500 shares of the company's stock after selling 4,600 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Constellation Brands were worth $10,919,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Brighton Jones LLC grew its holdings in shares of Constellation Brands by 23.0% during the fourth quarter. Brighton Jones LLC now owns 1,001 shares of the company's stock worth $221,000 after buying an additional 187 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Constellation Brands by 29.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 16,021 shares of the company's stock worth $3,566,000 after acquiring an additional 3,660 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in shares of Constellation Brands by 2.7% during the 4th quarter. Asset Management One Co. Ltd. now owns 62,773 shares of the company's stock worth $13,980,000 after acquiring an additional 1,671 shares in the last quarter. V Square Quantitative Management LLC grew its stake in shares of Constellation Brands by 11.3% during the 4th quarter. V Square Quantitative Management LLC now owns 1,305 shares of the company's stock worth $288,000 after acquiring an additional 133 shares in the last quarter. Finally, Bank Pictet & Cie Europe AG grew its stake in shares of Constellation Brands by 39.7% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 6,096 shares of the company's stock worth $1,347,000 after acquiring an additional 1,733 shares in the last quarter. 77.34% of the stock is owned by institutional investors.

Constellation Brands Stock Performance

Shares of STZ stock traded down $0.57 during midday trading on Wednesday, hitting $159.99. 2,250,392 shares of the company were exchanged, compared to its average volume of 1,831,986. Constellation Brands Inc has a 52 week low of $159.64 and a 52 week high of $265.70. The firm has a market capitalization of $28.48 billion, a P/E ratio of -313.71, a PEG ratio of 8.70 and a beta of 0.70. The firm's 50 day moving average price is $182.59 and its two-hundred day moving average price is $189.92. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.56 and a current ratio of 0.92.

Constellation Brands (NYSE:STZ - Get Free Report) last released its quarterly earnings results on Wednesday, April 9th. The company reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.35. The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.14 billion. Constellation Brands had a positive return on equity of 29.56% and a negative net margin of 0.74%. The firm's quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.26 EPS. As a group, equities research analysts anticipate that Constellation Brands Inc will post 13.5 earnings per share for the current year.

Constellation Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Tuesday, April 29th were issued a $1.02 dividend. The ex-dividend date of this dividend was Tuesday, April 29th. This represents a $4.08 dividend on an annualized basis and a yield of 2.55%. This is an increase from Constellation Brands's previous quarterly dividend of $1.01. Constellation Brands's payout ratio is currently -800.00%.

Insider Buying and Selling at Constellation Brands

In other news, EVP Samuel J. Glaetzer sold 3,150 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $188.54, for a total transaction of $593,901.00. Following the completion of the sale, the executive vice president now owns 3,126 shares of the company's stock, valued at approximately $589,376.04. This represents a 50.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 12.45% of the company's stock.

Analyst Ratings Changes

STZ has been the subject of a number of analyst reports. Wells Fargo & Company decreased their target price on shares of Constellation Brands from $230.00 to $210.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft decreased their price objective on Constellation Brands from $191.00 to $185.00 and set a "hold" rating for the company in a report on Thursday, June 5th. CJS Securities decreased their price objective on Constellation Brands from $196.00 to $194.00 in a report on Monday, May 19th. Roth Capital decreased their price objective on Constellation Brands from $256.00 to $239.00 and set a "buy" rating for the company in a report on Tuesday, May 20th. Finally, Wall Street Zen upgraded Constellation Brands from a "sell" rating to a "hold" rating in a research note on Tuesday, May 20th. Eleven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Constellation Brands presently has an average rating of "Moderate Buy" and a consensus target price of $215.87.

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.