Robeco Institutional Asset Management B.V. Sells 10,793 Shares of Constellation Brands Inc $STZ

Robeco Institutional Asset Management B.V. decreased its holdings in Constellation Brands Inc (NYSE:STZ - Free Report) by 73.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,984 shares of the company's stock after selling 10,793 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Constellation Brands were worth $648,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in STZ. Laurel Wealth Advisors LLC bought a new position in shares of Constellation Brands in the first quarter worth about $32,000. Rakuten Securities Inc. lifted its position in shares of Constellation Brands by 805.0% in the first quarter. Rakuten Securities Inc. now owns 181 shares of the company's stock worth $33,000 after buying an additional 161 shares in the last quarter. Zions Bancorporation National Association UT purchased a new stake in shares of Constellation Brands in the first quarter worth about $38,000. Flaharty Asset Management LLC purchased a new stake in shares of Constellation Brands in the first quarter worth about $39,000. Finally, Hoey Investments Inc. purchased a new stake in shares of Constellation Brands in the second quarter worth about $40,000. Institutional investors own 77.34% of the company's stock.

Insider Activity at Constellation Brands

In other news, EVP James O. Bourdeau sold 821 shares of the firm's stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $169.00, for a total transaction of $138,749.00. Following the sale, the executive vice president directly owned 9,438 shares in the company, valued at $1,595,022. This trade represents a 8.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 12.45% of the stock is owned by company insiders.

Constellation Brands Stock Performance

NYSE STZ opened at $142.79 on Thursday. The stock has a 50-day simple moving average of $151.76 and a two-hundred day simple moving average of $168.70. The firm has a market capitalization of $25.17 billion, a P/E ratio of 20.85, a PEG ratio of 0.42 and a beta of 1.75. Constellation Brands Inc has a fifty-two week low of $131.20 and a fifty-two week high of $247.63. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.68 and a current ratio of 1.08.

Constellation Brands (NYSE:STZ - Get Free Report) last posted its earnings results on Monday, October 6th. The company reported $3.63 EPS for the quarter, beating analysts' consensus estimates of $3.37 by $0.26. Constellation Brands had a return on equity of 29.82% and a net margin of 11.88%.The firm had revenue of $2.48 billion for the quarter, compared to analysts' expectations of $2.68 billion. During the same period last year, the firm earned $4.32 EPS. The company's quarterly revenue was down 15.0% on a year-over-year basis. On average, equities analysts forecast that Constellation Brands Inc will post 13.5 earnings per share for the current year.

Constellation Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 13th. Stockholders of record on Thursday, October 30th will be given a dividend of $1.02 per share. The ex-dividend date is Thursday, October 30th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.9%. Constellation Brands's dividend payout ratio (DPR) is 59.56%.

Analyst Ratings Changes

A number of brokerages have issued reports on STZ. Bank of America decreased their price objective on Constellation Brands from $150.00 to $142.00 and set an "underperform" rating on the stock in a research report on Wednesday, September 3rd. BMO Capital Markets decreased their price objective on Constellation Brands from $215.00 to $190.00 and set an "outperform" rating on the stock in a research report on Thursday, September 4th. TD Cowen decreased their price objective on Constellation Brands from $180.00 to $152.00 and set a "hold" rating on the stock in a research report on Thursday, September 4th. Wells Fargo & Company decreased their price objective on Constellation Brands from $170.00 to $155.00 and set an "overweight" rating on the stock in a research report on Thursday, September 25th. Finally, Raymond James Financial upgraded Constellation Brands to a "strong-buy" rating in a research report on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, Constellation Brands presently has an average rating of "Hold" and a consensus target price of $186.56.

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.

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