MassMutual Private Wealth & Trust FSB Trims Stock Position in Constellation Brands, Inc. (NYSE:STZ)

MassMutual Private Wealth & Trust FSB decreased its stake in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 49.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,427 shares of the company's stock after selling 26,360 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in Constellation Brands were worth $4,850,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC grew its position in shares of Constellation Brands by 23.0% in the 4th quarter. Brighton Jones LLC now owns 1,001 shares of the company's stock worth $221,000 after acquiring an additional 187 shares in the last quarter. Blue Trust Inc. boosted its position in Constellation Brands by 79.0% during the 4th quarter. Blue Trust Inc. now owns 1,828 shares of the company's stock worth $404,000 after acquiring an additional 807 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in shares of Constellation Brands in the 4th quarter worth approximately $28,000. BSW Wealth Partners lifted its position in Constellation Brands by 4.2% in the fourth quarter. BSW Wealth Partners now owns 1,563 shares of the company's stock worth $345,000 after purchasing an additional 63 shares during the period. Finally, R Squared Ltd acquired a new stake in Constellation Brands in the 4th quarter valued at about $137,000. Institutional investors and hedge funds own 77.34% of the company's stock.

Constellation Brands Price Performance

Constellation Brands stock traded down $1.61 during midday trading on Friday, reaching $178.10. The company's stock had a trading volume of 3,033,821 shares, compared to its average volume of 1,772,054. The stock has a market cap of $31.71 billion, a PE ratio of 47.88, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. The business has a 50-day moving average price of $184.91 and a 200-day moving average price of $195.97. 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 released its quarterly earnings results on Wednesday, April 9th. The company reported $2.63 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $2.14 billion. During the same period in the previous year, the business posted $2.26 earnings per share. The business's quarterly revenue was up 1.2% compared to the same quarter last year. On average, sell-side analysts predict that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Tuesday, April 29th were given a dividend of $1.02 per share. 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 2.29%. This is a boost from Constellation Brands's previous quarterly dividend of $1.01. Constellation Brands's dividend payout ratio is -800.00%.

Wall Street Analyst Weigh In

STZ has been the subject of a number of research analyst reports. BMO Capital Markets reduced their target price on Constellation Brands from $260.00 to $215.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Wall Street Zen raised shares of Constellation Brands from a "sell" rating to a "hold" rating in a research report on Tuesday, May 20th. The Goldman Sachs Group dropped their price objective on Constellation Brands from $260.00 to $225.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Needham & Company LLC restated a "buy" rating and set a $215.00 price objective on shares of Constellation Brands in a report on Thursday, April 10th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Constellation Brands from $203.00 to $194.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $225.74.

Insider Activity at Constellation Brands

In other Constellation Brands news, EVP Samuel J. Glaetzer sold 3,150 shares of the firm's stock in a transaction on Tuesday, May 13th. The shares were 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. This trade represents a 50.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.19% of the stock is owned by corporate insiders.

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 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.