Siemens Fonds Invest GmbH Decreases Stock Position in Constellation Brands, Inc. (NYSE:STZ)

Siemens Fonds Invest GmbH trimmed its position in Constellation Brands, Inc. (NYSE:STZ - Free Report) by 59.0% in the fourth quarter, according to its most recent filing with the SEC. 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 SEC.

A number of other hedge funds have also recently made changes to their positions in STZ. Van ECK Associates Corp grew its stake in Constellation Brands by 1,844.7% during the fourth quarter. Van ECK Associates Corp now owns 924,274 shares of the company's stock worth $204,265,000 after purchasing an additional 876,745 shares during the period. Copperleaf Capital LLC bought a new stake in Constellation Brands during the 4th quarter worth approximately $343,000. Grimes & Company Inc. bought a new position in Constellation Brands during the 4th quarter valued at $6,099,000. Empowered Funds LLC grew its stake in Constellation Brands by 62.8% in the 4th quarter. Empowered Funds LLC now owns 16,575 shares of the company's stock valued at $3,663,000 after purchasing an additional 6,391 shares during the period. Finally, Southern Style Financial Inc. purchased a new position in Constellation Brands in the fourth quarter valued at approximately $3,074,000. 77.34% of the stock is owned by institutional investors and hedge funds.

Constellation Brands Trading Down 0.4%

Constellation Brands stock traded down $0.79 during midday trading on Friday, reaching $183.98. 447,250 shares of the stock traded hands, compared to its average volume of 1,752,446. The firm has a market cap of $32.75 billion, a PE ratio of 49.41, 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 company has a 50-day simple moving average of $184.55 and a two-hundred day simple moving average of $198.16. Constellation Brands, Inc. has a 12-month low of $160.46 and a 12-month 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 the consensus estimate of $2.28 by $0.35. The business had revenue of $2.13 billion during the quarter, compared to analysts' expectations of $2.14 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The business's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.26 EPS. Research analysts expect that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Tuesday, April 29th were paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 2.22%. The ex-dividend date was Tuesday, April 29th. This is a boost from Constellation Brands's previous quarterly dividend of $1.01. Constellation Brands's dividend payout ratio is -800.00%.

Insider Buying and Selling

In other news, EVP Samuel J. Glaetzer sold 3,150 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 3,126 shares in the company, valued at $589,376.04. This represents a 50.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 12.19% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on STZ. Truist Financial raised Constellation Brands from a "hold" rating to a "buy" rating and set a $215.00 target price for the company in a report on Wednesday, May 7th. The Goldman Sachs Group cut their target price 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. Roth Mkm reduced their target price on Constellation Brands from $284.00 to $256.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Piper Sandler lowered shares of Constellation Brands from an "overweight" rating to a "neutral" rating and cut their target price for the company from $245.00 to $200.00 in a research note on Monday, February 3rd. Finally, Royal Bank of Canada dropped their target price on Constellation Brands from $289.00 to $233.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, Constellation Brands has a consensus rating of "Moderate Buy" and a consensus price target of $225.74.

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.