99,676 Shares in Constellation Brands, Inc. (NYSE:STZ) Bought by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 99,676 shares of the company's stock, valued at approximately $22,028,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.06% of Constellation Brands as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Van ECK Associates Corp increased its holdings in shares of Constellation Brands by 1,844.7% in the 4th quarter. Van ECK Associates Corp now owns 924,274 shares of the company's stock valued at $204,265,000 after acquiring an additional 876,745 shares during the last quarter. Copperleaf Capital LLC bought a new stake in shares of Constellation Brands in the 4th quarter valued at approximately $343,000. Empowered Funds LLC increased its holdings in shares of 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 acquiring an additional 6,391 shares during the last quarter. Southern Style Financial Inc. bought a new stake in shares of Constellation Brands in the 4th quarter valued at approximately $3,074,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Constellation Brands by 29.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 16,021 shares of the company's stock valued at $3,566,000 after acquiring an additional 3,660 shares during the last quarter. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Constellation Brands Trading Down 0.9%

Constellation Brands stock traded down $1.61 during trading hours on Friday, reaching $178.10. 3,033,821 shares of the company's stock were exchanged, compared to its average volume of 1,773,296. 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 firm's 50 day simple moving average is $184.91 and its 200 day simple moving average is $195.97. 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 $31.71 billion, a PE ratio of 47.88, a PEG ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its earnings results on Wednesday, April 9th. The company reported $2.63 EPS for the quarter, beating the consensus estimate of $2.28 by $0.35. The company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.14 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The firm's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the business posted $2.26 EPS. Research analysts predict that Constellation Brands, Inc. will post 13.5 earnings per share for the current 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 given a $1.02 dividend. This is a boost from Constellation Brands's previous quarterly dividend of $1.01. The ex-dividend date was Tuesday, April 29th. This represents a $4.08 annualized dividend and a yield of 2.29%. Constellation Brands's dividend payout ratio (DPR) is presently -800.00%.

Insiders Place Their Bets

In other Constellation Brands news, EVP Samuel J. Glaetzer sold 3,150 shares of Constellation Brands stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $188.54, for a total transaction of $593,901.00. Following the transaction, the executive vice president now owns 3,126 shares of the company's stock, valued at $589,376.04. This trade represents a 50.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 12.19% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on STZ shares. Royal Bank of Canada reduced their price objective on Constellation Brands from $289.00 to $233.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Citigroup reduced their price objective on Constellation Brands from $200.00 to $190.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. BMO Capital Markets reduced their price target on Constellation Brands from $260.00 to $215.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Barclays boosted their price target on Constellation Brands from $203.00 to $207.00 and gave the stock an "overweight" rating in a research report on Monday, April 14th. Finally, Wells Fargo & Company reduced their price target on Constellation Brands from $230.00 to $210.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, Constellation Brands presently has an average rating of "Moderate Buy" and an average target price 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.