Siemens Fonds Invest GmbH Has $446,000 Stock Position in Constellation Brands, Inc. (NYSE:STZ)

Siemens Fonds Invest GmbH decreased its position in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 59.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,020 shares of the company's stock after selling 2,909 shares during the period. Siemens Fonds Invest GmbH's holdings in Constellation Brands were worth $446,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Allworth Financial LP grew its holdings in Constellation Brands by 0.8% during the 4th quarter. Allworth Financial LP now owns 7,357 shares of the company's stock worth $1,626,000 after acquiring an additional 59 shares in the last quarter. BSW Wealth Partners raised its position in shares of Constellation Brands by 4.2% in the 4th quarter. BSW Wealth Partners now owns 1,563 shares of the company's stock valued at $345,000 after purchasing an additional 63 shares during the last quarter. Philip James Wealth Mangement LLC raised its holdings in shares of Constellation Brands by 8.0% in the fourth quarter. Philip James Wealth Mangement LLC now owns 923 shares of the company's stock worth $204,000 after buying an additional 68 shares during the last quarter. Barden Capital Management Inc. raised its holdings in shares of Constellation Brands by 1.3% in the fourth quarter. Barden Capital Management Inc. now owns 5,574 shares of the company's stock worth $1,232,000 after buying an additional 72 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its holdings in shares of Constellation Brands by 4.5% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,988 shares of the company's stock worth $439,000 after buying an additional 86 shares during the last quarter. Institutional investors own 77.34% of the company's stock.

Insider Buying and Selling

In other news, EVP Samuel J. Glaetzer sold 3,150 shares of Constellation Brands 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 sale, the executive vice president now directly owns 3,126 shares in the company, valued at approximately $589,376.04. The trade was a 50.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 12.19% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Royal Bank of Canada cut their price objective on shares of Constellation Brands from $289.00 to $233.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Morgan Stanley dropped their price objective on shares of Constellation Brands from $202.00 to $195.00 and set an "equal weight" rating for the company in a research note on Friday, April 11th. Piper Sandler lowered shares of Constellation Brands from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $245.00 to $200.00 in a report on Monday, February 3rd. Citigroup lowered their price objective on shares of Constellation Brands from $200.00 to $190.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Finally, Roth Mkm lowered their price objective on shares of Constellation Brands from $284.00 to $256.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $225.74.

Constellation Brands Price Performance

Shares of NYSE:STZ traded down $3.55 during trading on Tuesday, reaching $189.36. The company had a trading volume of 1,377,862 shares, compared to its average volume of 1,753,023. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. The firm's fifty day moving average is $184.44 and its 200 day moving average is $198.63. Constellation Brands, Inc. has a twelve month low of $160.46 and a twelve month high of $265.70. The firm has a market capitalization of $33.71 billion, a PE ratio of 50.90, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ - Get Free Report) last released its earnings results on Wednesday, April 9th. The company reported $2.63 EPS for the quarter, topping analysts' consensus estimates of $2.28 by $0.35. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The business had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same period in the previous year, the firm earned $2.26 EPS. The business's revenue for the quarter was up 1.2% on a year-over-year basis. On average, equities analysts forecast that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Tuesday, April 29th were issued a dividend of $1.02 per share. This is an increase from Constellation Brands's previous quarterly dividend of $1.01. This represents a $4.08 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend was Tuesday, April 29th. Constellation Brands's dividend 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.