Mercer Global Advisors Inc. ADV Has $3.83 Million Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

Mercer Global Advisors Inc. ADV trimmed its position in Constellation Brands, Inc. (NYSE:STZ - Free Report) by 26.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,325 shares of the company's stock after selling 6,235 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Constellation Brands were worth $3,829,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Mainstream Capital Management LLC bought a new stake in Constellation Brands during the 4th quarter valued at approximately $25,000. SBI Securities Co. Ltd. acquired a new stake in shares of Constellation Brands in the fourth quarter worth $26,000. Compagnie Lombard Odier SCmA bought a new position in Constellation Brands during the fourth quarter worth $27,000. Union Bancaire Privee UBP SA bought a new stake in Constellation Brands in the 4th quarter valued at $28,000. Finally, Optiver Holding B.V. acquired a new stake in Constellation Brands in the 4th quarter worth $31,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Constellation Brands Trading Down 0.7 %

Shares of STZ traded down $1.37 during trading hours on Friday, hitting $190.02. 1,272,477 shares of the stock traded hands, compared to its average volume of 1,730,073. The business has a fifty day moving average of $183.37 and a 200-day moving average of $201.13. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $33.83 billion, a PE ratio of 51.08, 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.

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

Constellation Brands Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Tuesday, April 29th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Tuesday, April 29th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.15%. This is an increase from Constellation Brands's previous quarterly dividend of $1.01. Constellation Brands's dividend payout ratio is -800.00%.

Analyst Ratings Changes

Several research firms recently weighed in on STZ. Piper Sandler cut shares of Constellation Brands from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $245.00 to $200.00 in a research note on Monday, February 3rd. Evercore ISI reduced their target price on Constellation Brands from $300.00 to $250.00 and set an "outperform" rating for the company in a research report on Monday, January 13th. Royal Bank of Canada lowered their price target on shares of Constellation Brands from $289.00 to $233.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Barclays raised their price objective on shares of Constellation Brands from $203.00 to $207.00 and gave the stock an "overweight" rating in a report on Monday, April 14th. Finally, Argus cut shares of Constellation Brands from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $225.74.

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.