Siemens Fonds Invest GmbH Has $446,000 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 Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,020 shares of the company's stock after selling 2,909 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Constellation Brands were worth $446,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Allworth Financial LP raised its stake in shares of Constellation Brands by 0.8% in the fourth quarter. Allworth Financial LP now owns 7,357 shares of the company's stock valued at $1,626,000 after purchasing an additional 59 shares in the last quarter. BSW Wealth Partners raised its stake in Constellation Brands by 4.2% during the fourth quarter. BSW Wealth Partners now owns 1,563 shares of the company's stock worth $345,000 after acquiring an additional 63 shares in the last quarter. Philip James Wealth Mangement LLC raised its stake in Constellation Brands by 8.0% during the fourth quarter. Philip James Wealth Mangement LLC now owns 923 shares of the company's stock worth $204,000 after acquiring an additional 68 shares in the last quarter. Barden Capital Management Inc. raised its stake in Constellation Brands by 1.3% during the fourth 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 in the last quarter. Finally, Vista Investment Management raised its stake in Constellation Brands by 0.7% during the fourth quarter. Vista Investment Management now owns 11,479 shares of the company's stock worth $2,537,000 after acquiring an additional 84 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Roth Mkm dropped their price objective on Constellation Brands from $284.00 to $256.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. The Goldman Sachs Group lowered their target price on Constellation Brands from $260.00 to $225.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Wall Street Zen upgraded Constellation Brands from a "sell" rating to a "hold" rating in a research note on Tuesday, May 20th. Piper Sandler lowered Constellation Brands from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $245.00 to $200.00 in a research note on Monday, February 3rd. Finally, Citigroup lowered their target price on Constellation Brands from $200.00 to $190.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $225.74.

Constellation Brands Trading Up 1.0%

Shares of Constellation Brands stock traded up $1.72 during trading on Tuesday, hitting $175.89. 481,177 shares of the company were exchanged, compared to its average volume of 1,772,429. The firm has a market capitalization of $31.31 billion, a P/E ratio of 47.28, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a 1-year low of $160.46 and a 1-year high of $265.70. The firm's fifty day moving average price is $184.71 and its 200 day moving average price is $194.89. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46.

Constellation Brands (NYSE:STZ - Get Free Report) last posted its earnings results on Wednesday, April 9th. The company reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.28 by $0.35. The company had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.14 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The company's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.26 EPS. As a group, sell-side 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 announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Tuesday, April 29th were given a dividend of $1.02 per share. This is a positive change from Constellation Brands's previous quarterly dividend of $1.01. This represents a $4.08 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend was Tuesday, April 29th. Constellation Brands's payout ratio is presently -800.00%.

Insider Transactions at Constellation Brands

In other Constellation Brands news, EVP Samuel J. Glaetzer sold 3,150 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $188.54, for a total transaction of $593,901.00. Following the completion of the transaction, the executive vice president now owns 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 legal filing with the SEC, which is available through this link. Corporate insiders own 12.19% of the company's stock.

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.