Constellation Brands, Inc. (NYSE:STZ) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 9.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,000,772 shares of the company's stock after selling 108,337 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.55% of Constellation Brands worth $221,171,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in STZ. Mainstream Capital Management LLC purchased a new position in Constellation Brands in the 4th quarter valued at about $25,000. SBI Securities Co. Ltd. acquired a new stake in Constellation Brands during the fourth quarter worth approximately $26,000. Compagnie Lombard Odier SCmA purchased a new stake in Constellation Brands in the 4th quarter worth approximately $27,000. Union Bancaire Privee UBP SA acquired a new position in Constellation Brands in the 4th quarter valued at $28,000. Finally, Minot DeBlois Advisors LLC purchased a new position in shares of Constellation Brands during the 4th quarter worth $29,000. Hedge funds and other institutional investors own 77.34% of the company's stock.

Wall Street Analyst Weigh In

STZ has been the subject of a number of recent analyst reports. Truist Financial raised Constellation Brands from a "hold" rating to a "buy" rating and set a $215.00 price objective for the company in a research report on Wednesday, May 7th. Barclays lifted their price target on Constellation Brands from $203.00 to $207.00 and gave the company an "overweight" rating in a report on Monday, April 14th. Piper Sandler lowered shares of Constellation Brands from an "overweight" rating to a "neutral" rating and cut their price objective for the stock from $245.00 to $200.00 in a report on Monday, February 3rd. Wells Fargo & Company decreased their target price on shares of Constellation Brands from $230.00 to $210.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Finally, Royal Bank of Canada dropped their price target on shares of Constellation Brands from $289.00 to $233.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $225.74.

Constellation Brands Stock Up 1.0%

NYSE STZ traded up $1.78 on Tuesday, reaching $186.20. The company had a trading volume of 758,847 shares, compared to its average volume of 1,754,979. The firm has a market capitalization of $33.15 billion, a PE ratio of 50.02, a P/E/G ratio of 1.52 and a beta of 1.75. The firm has a 50-day moving average of $184.77 and a 200-day moving average of $196.98. Constellation Brands, Inc. has a 1 year low of $160.46 and a 1 year high of $265.70. 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 released its quarterly earnings results on Wednesday, April 9th. The company reported $2.63 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $2.14 billion. During the same period last year, the business earned $2.26 EPS. The business's revenue was up 1.2% on a year-over-year basis. On average, equities research analysts anticipate that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Tuesday, April 29th were issued a $1.02 dividend. The ex-dividend date was Tuesday, April 29th. This represents a $4.08 dividend on an annualized basis and a yield of 2.19%. This is an increase from Constellation Brands's previous quarterly dividend of $1.01. Constellation Brands's dividend payout ratio is currently -800.00%.

Insider Buying and Selling 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 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 $589,376.04. This represents a 50.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 12.19% of the stock is owned by insiders.

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.