Constellation Brands, Inc. (NYSE:STZ) Shares Sold by UMB Bank n.a.

UMB Bank n.a. trimmed its stake in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 45.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,067 shares of the company's stock after selling 2,546 shares during the quarter. UMB Bank n.a.'s holdings in Constellation Brands were worth $563,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of STZ. Allworth Financial LP raised its position in shares of Constellation Brands by 0.8% in 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. Piscataqua Savings Bank grew its stake in Constellation Brands by 1.7% in the first quarter. Piscataqua Savings Bank now owns 3,720 shares of the company's stock worth $683,000 after purchasing an additional 62 shares during the period. Moody National Bank Trust Division raised its holdings in Constellation Brands by 0.9% in the first quarter. Moody National Bank Trust Division now owns 6,991 shares of the company's stock worth $1,283,000 after purchasing an additional 64 shares in the last quarter. Philip James Wealth Mangement LLC raised its holdings in 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 purchasing an additional 68 shares in the last quarter. Finally, Barden Capital Management Inc. lifted its position in Constellation Brands by 1.3% during the fourth quarter. Barden Capital Management Inc. now owns 5,574 shares of the company's stock valued at $1,232,000 after buying an additional 72 shares during the period. 77.34% of the stock is owned by hedge funds and other institutional investors.

Constellation Brands Price Performance

Constellation Brands stock traded down $0.90 during mid-day trading on Thursday, reaching $168.14. 681,012 shares of the company's stock traded hands, compared to its average volume of 1,803,067. Constellation Brands, Inc. has a 12-month low of $160.46 and a 12-month high of $265.70. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. The stock has a 50 day moving average of $183.39 and a two-hundred day moving average of $192.27. The company has a market cap of $29.93 billion, a price-to-earnings ratio of 45.20, a PEG ratio of 1.52 and a beta of 1.75.

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

Constellation Brands Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Tuesday, April 29th were issued a $1.02 dividend. The ex-dividend date was Tuesday, April 29th. This is an increase from Constellation Brands's previous quarterly dividend of $1.01. This represents a $4.08 dividend on an annualized basis and a yield of 2.43%. Constellation Brands's payout ratio is currently -800.00%.

Analysts Set New Price Targets

STZ has been the topic of a number of recent research reports. Royal Bank of Canada reduced their target price on shares of Constellation Brands from $289.00 to $233.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Piper Sandler upped their price objective on Constellation Brands from $165.00 to $170.00 and gave the company a "neutral" rating in a research report on Friday, June 6th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Constellation Brands from $191.00 to $185.00 and set a "hold" rating on the stock in a report on Thursday, June 5th. JPMorgan Chase & Co. dropped their price target on Constellation Brands from $203.00 to $194.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Finally, Barclays increased their price target on shares of Constellation Brands from $203.00 to $207.00 and gave the stock an "overweight" rating in a research report on Monday, April 14th. Eleven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $220.00.

Insider Activity

In related news, EVP Samuel J. Glaetzer sold 3,150 shares of Constellation Brands stock in a transaction 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 owns 3,126 shares of the company's stock, valued at approximately $589,376.04. This trade represents a 50.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 12.19% of the company's stock.

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.