Universal Beteiligungs und Servicegesellschaft mbH Cuts Stock Position in Constellation Brands Inc (NYSE:STZ)

Universal Beteiligungs und Servicegesellschaft mbH decreased its holdings in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 9.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,744 shares of the company's stock after selling 8,932 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.05% of Constellation Brands worth $16,653,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Piscataqua Savings Bank grew its holdings in shares of Constellation Brands by 1.7% during 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 in the last quarter. Strategic Financial Concepts LLC lifted its position in Constellation Brands by 5.8% in the 1st quarter. Strategic Financial Concepts LLC now owns 1,128 shares of the company's stock worth $207,000 after buying an additional 62 shares during the last quarter. World Investment Advisors lifted its position in Constellation Brands by 1.7% in the 1st quarter. World Investment Advisors now owns 3,801 shares of the company's stock worth $698,000 after buying an additional 62 shares during the last quarter. Moody National Bank Trust Division lifted its position in Constellation Brands by 0.9% in the 1st quarter. Moody National Bank Trust Division now owns 6,991 shares of the company's stock worth $1,283,000 after buying an additional 64 shares during the last quarter. Finally, Bessemer Group Inc. lifted its position in Constellation Brands by 3.0% in the 1st quarter. Bessemer Group Inc. now owns 2,242 shares of the company's stock worth $412,000 after buying an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 77.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Jefferies Financial Group upgraded Constellation Brands from a "hold" rating to a "buy" rating and boosted their target price for the stock from $194.00 to $205.00 in a research report on Monday, July 7th. Roth Mkm dropped their target price on Constellation Brands from $284.00 to $256.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Needham & Company LLC boosted their target price on Constellation Brands from $195.00 to $200.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd. CJS Securities lowered their price objective on Constellation Brands from $196.00 to $194.00 in a research report on Monday, May 19th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Constellation Brands from $191.00 to $185.00 and set a "hold" rating for the company in a research report on Thursday, June 5th. Eleven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $213.74.

Constellation Brands Stock Performance

Shares of Constellation Brands stock traded down $2.21 during trading on Monday, hitting $173.31. 331,343 shares of the company's stock traded hands, compared to its average volume of 2,482,297. The stock has a market capitalization of $30.55 billion, a P/E ratio of -72.61, a PEG ratio of 10.62 and a beta of 0.67. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.07 and a quick ratio of 0.68. The business has a 50-day simple moving average of $171.87 and a 200-day simple moving average of $177.63. Constellation Brands Inc has a 1 year low of $159.35 and a 1 year high of $261.06.

Constellation Brands (NYSE:STZ - Get Free Report) last released its earnings results on Tuesday, July 1st. The company reported $3.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.45 by ($0.23). The firm had revenue of $2.52 billion during the quarter, compared to analysts' expectations of $2.57 billion. Constellation Brands had a positive return on equity of 31.41% and a negative net margin of 4.11%. The company's revenue was down 5.5% compared to the same quarter last year. During the same period in the prior year, the company posted $3.57 earnings per share. As a group, analysts forecast that Constellation Brands Inc will post 13.5 EPS for the current year.

Constellation Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Wednesday, July 30th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Wednesday, July 30th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.35%. Constellation Brands's dividend payout ratio is currently -170.71%.

Insiders Place Their Bets

In other Constellation Brands news, EVP Samuel J. Glaetzer sold 3,150 shares of the stock in a transaction 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 sale, the executive vice president owned 3,126 shares in the company, valued at $589,376.04. This trade represents a 50.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP James O. Bourdeau sold 821 shares of the firm's stock in a transaction on Monday, July 21st. The shares were sold at an average price of $169.00, for a total value of $138,749.00. Following the transaction, the executive vice president owned 9,438 shares in the company, valued at approximately $1,595,022. This represents a 8.00% decrease in their position. The disclosure for this sale can be found here. 12.45% of the stock is owned by company insiders.

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.