Robeco Institutional Asset Management B.V. Trims Stake in Constellation Brands Inc (NYSE:STZ)

Robeco Institutional Asset Management B.V. lowered its stake in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 15.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,777 shares of the company's stock after selling 2,642 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Constellation Brands were worth $2,712,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in STZ. Piscataqua Savings Bank increased its stake in Constellation Brands by 1.7% in the first quarter. Piscataqua Savings Bank now owns 3,720 shares of the company's stock valued at $683,000 after acquiring an additional 62 shares during the last quarter. Moody National Bank Trust Division grew its position in Constellation Brands by 0.9% during the first quarter. Moody National Bank Trust Division now owns 6,991 shares of the company's stock valued at $1,283,000 after acquiring an additional 64 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of Constellation Brands by 3.0% during the first quarter. Bessemer Group Inc. now owns 2,242 shares of the company's stock worth $412,000 after acquiring an additional 65 shares in the last quarter. Barden Capital Management Inc. lifted its holdings in shares of Constellation Brands by 1.3% in the 4th quarter. Barden Capital Management Inc. now owns 5,574 shares of the company's stock worth $1,232,000 after acquiring an additional 72 shares during the last quarter. Finally, Vista Investment Management lifted its holdings in shares of Constellation Brands by 0.7% in the 4th quarter. Vista Investment Management now owns 11,479 shares of the company's stock worth $2,537,000 after acquiring an additional 84 shares during the last quarter. 77.34% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Samuel J. Glaetzer sold 3,150 shares of the company's stock in a transaction dated 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 owned 3,126 shares of the company's stock, valued at $589,376.04. This represents a 50.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 12.45% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

STZ has been the subject of a number of recent research reports. Needham & Company LLC boosted their target price on Constellation Brands from $195.00 to $200.00 and gave the company a "buy" rating in a research note on Thursday. BMO Capital Markets decreased their price target on Constellation Brands from $260.00 to $215.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. JPMorgan Chase & Co. boosted their price objective on Constellation Brands from $170.00 to $182.00 and gave the company a "neutral" rating in a research report on Thursday. Piper Sandler raised their price target on shares of Constellation Brands from $165.00 to $170.00 and gave the stock a "neutral" rating in a report on Friday, June 6th. Finally, Morgan Stanley lowered their price target on Constellation Brands from $202.00 to $195.00 and set an "equal weight" rating for the company in a research report on Friday, April 11th. Eleven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $213.35.

Constellation Brands Stock Performance

Shares of STZ stock traded down $0.47 during trading hours on Thursday, reaching $173.41. The company had a trading volume of 613,981 shares, compared to its average volume of 1,909,609. The firm has a market cap of $30.87 billion, a PE ratio of -72.68, a price-to-earnings-growth ratio of 9.20 and a beta of 0.67. The business has a fifty day moving average price of $177.66 and a 200-day moving average price of $184.47. Constellation Brands Inc has a one year low of $159.35 and a one year high of $264.45. 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 Tuesday, July 1st. The company reported $3.22 earnings per share for the quarter, missing the consensus estimate of $3.45 by ($0.23). Constellation Brands had a negative net margin of 4.11% and a positive return on equity of 31.15%. The firm had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the previous year, the company earned $3.57 earnings per share. Constellation Brands's quarterly revenue was down 5.5% compared to the same quarter last year. Sell-side analysts predict that Constellation Brands Inc will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Tuesday, April 29th were given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.35%. This is a boost from Constellation Brands's previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Tuesday, April 29th. Constellation Brands's dividend payout ratio (DPR) is presently -800.00%.

About Constellation Brands

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.