Yousif Capital Management LLC Decreases Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

Yousif Capital Management LLC lessened its stake in Constellation Brands, Inc. (NYSE:STZ - Free Report) by 17.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,812 shares of the company's stock after selling 3,476 shares during the quarter. Yousif Capital Management LLC's holdings in Constellation Brands were worth $3,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of STZ. Berkshire Hathaway Inc purchased a new position in shares of Constellation Brands in the 4th quarter worth about $1,242,976,000. Norges Bank bought a new stake in Constellation Brands in the 4th quarter worth about $445,883,000. Vanguard Group Inc. increased its holdings in Constellation Brands by 13.3% in the 4th quarter. Vanguard Group Inc. now owns 15,534,787 shares of the company's stock worth $3,433,188,000 after buying an additional 1,821,969 shares in the last quarter. D1 Capital Partners L.P. increased its holdings in Constellation Brands by 186.6% in the 4th quarter. D1 Capital Partners L.P. now owns 1,527,689 shares of the company's stock worth $337,619,000 after buying an additional 994,639 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC increased its holdings in Constellation Brands by 42.9% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 2,454,258 shares of the company's stock worth $542,391,000 after buying an additional 736,780 shares in the last quarter. Hedge funds and other institutional investors own 77.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on STZ. BMO Capital Markets reduced their price objective on Constellation Brands from $260.00 to $215.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Needham & Company LLC reiterated a "buy" rating and issued a $215.00 price objective on shares of Constellation Brands in a report on Thursday, April 10th. Roth Capital reduced 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. The Goldman Sachs Group reduced their price objective on Constellation Brands from $260.00 to $225.00 and set a "buy" rating for the company in a report on Friday, April 11th. Finally, CJS Securities reduced their price objective on Constellation Brands from $196.00 to $194.00 in a report on Monday, May 19th. Eleven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $220.00.

Insider Buying and Selling

In related news, EVP Samuel J. Glaetzer sold 3,150 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $188.54, for a total value of $593,901.00. Following the transaction, the executive vice president now directly owns 3,126 shares of the company's stock, valued at approximately $589,376.04. The trade was a 50.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 12.19% of the stock is owned by insiders.

Constellation Brands Stock Performance

Shares of NYSE:STZ traded down $5.12 during mid-day trading on Friday, reaching $164.69. 1,942,365 shares of the company traded hands, compared to its average volume of 1,815,716. The company's 50 day moving average price is $183.21 and its 200-day moving average price is $190.99. The firm has a market cap of $29.32 billion, a PE ratio of 44.27, a PEG ratio of 1.52 and a beta of 1.75. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. 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 announced its quarterly earnings data on Wednesday, April 9th. The company reported $2.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.28 by $0.35. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same period in the previous year, the company posted $2.26 EPS. The firm's revenue was up 1.2% on a year-over-year basis. On average, equities analysts expect that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Tuesday, April 29th were issued a $1.02 dividend. The ex-dividend date was Tuesday, April 29th. This is a boost from Constellation Brands's previous quarterly dividend of $1.01. This represents a $4.08 dividend on an annualized basis and a yield of 2.48%. Constellation Brands's payout ratio is currently -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.