Trexquant Investment LP Sells 78,659 Shares of Constellation Brands, Inc. (NYSE:STZ)

Trexquant Investment LP reduced its holdings in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 64.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 43,252 shares of the company's stock after selling 78,659 shares during the period. Trexquant Investment LP's holdings in Constellation Brands were worth $10,456,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Teacher Retirement System of Texas lifted its holdings in shares of Constellation Brands by 1.8% during the third quarter. Teacher Retirement System of Texas now owns 12,786 shares of the company's stock valued at $3,214,000 after acquiring an additional 230 shares during the period. Wealthfront Advisers LLC lifted its holdings in Constellation Brands by 20.8% during the 3rd quarter. Wealthfront Advisers LLC now owns 3,050 shares of the company's stock valued at $767,000 after purchasing an additional 526 shares during the last quarter. Principal Financial Group Inc. boosted its position in Constellation Brands by 0.4% in the third quarter. Principal Financial Group Inc. now owns 181,666 shares of the company's stock valued at $45,658,000 after buying an additional 706 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its stake in Constellation Brands by 11.7% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,576 shares of the company's stock worth $899,000 after buying an additional 375 shares during the last quarter. Finally, Private Advisor Group LLC grew its stake in Constellation Brands by 1.0% during the third quarter. Private Advisor Group LLC now owns 16,969 shares of the company's stock worth $4,265,000 after buying an additional 166 shares during the last quarter. Institutional investors own 77.34% of the company's stock.

Constellation Brands Trading Up 0.2 %

Shares of STZ stock traded up $0.42 on Tuesday, hitting $250.98. The stock had a trading volume of 836,905 shares, compared to its average volume of 1,191,145. The company has a current ratio of 1.19, a quick ratio of 0.53 and a debt-to-equity ratio of 1.06. Constellation Brands, Inc. has a twelve month low of $227.50 and a twelve month high of $274.87. The company has a fifty day moving average price of $261.89 and a two-hundred day moving average price of $250.75. The firm has a market cap of $45.92 billion, a P/E ratio of 26.76, a PEG ratio of 1.72 and a beta of 0.95.

Constellation Brands (NYSE:STZ - Get Free Report) last posted its earnings results on Thursday, April 11th. The company reported $2.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.10 by $0.16. The firm had revenue of $2.14 billion during the quarter, compared to analysts' expectations of $2.09 billion. Constellation Brands had a return on equity of 23.06% and a net margin of 16.13%. The company's revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.98 earnings per share. As a group, analysts forecast that Constellation Brands, Inc. will post 13.53 earnings per share for the current fiscal year.

Constellation Brands Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Friday, May 3rd were issued a dividend of $1.01 per share. This is an increase from Constellation Brands's previous quarterly dividend of $0.89. This represents a $4.04 annualized dividend and a yield of 1.61%. The ex-dividend date was Thursday, May 2nd. Constellation Brands's dividend payout ratio (DPR) is 43.07%.

Insider Buying and Selling at Constellation Brands

In related news, EVP James A. Jr. Sabia sold 15,781 shares of the company's stock in a transaction on Friday, April 12th. The shares were sold at an average price of $263.63, for a total value of $4,160,345.03. Following the completion of the transaction, the executive vice president now directly owns 20,910 shares of the company's stock, valued at approximately $5,512,503.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Michael Mcgrew sold 3,237 shares of the firm's stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $255.50, for a total transaction of $827,053.50. Following the completion of the transaction, the executive vice president now directly owns 1,731 shares of the company's stock, valued at approximately $442,270.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP James A. Jr. Sabia sold 15,781 shares of the business's stock in a transaction on Friday, April 12th. The stock was sold at an average price of $263.63, for a total transaction of $4,160,345.03. Following the completion of the sale, the executive vice president now directly owns 20,910 shares in the company, valued at approximately $5,512,503.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,031 shares of company stock valued at $12,582,321. 16.19% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Roth Mkm reissued a "buy" rating and issued a $305.00 target price on shares of Constellation Brands in a report on Friday, April 12th. Barclays raised their target price on Constellation Brands from $294.00 to $295.00 and gave the company an "overweight" rating in a research note on Monday, April 15th. UBS Group increased their price objective on shares of Constellation Brands from $312.00 to $320.00 and gave the stock a "buy" rating in a report on Friday, April 12th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Constellation Brands from $256.00 to $262.00 and gave the stock a "hold" rating in a research report on Wednesday, April 10th. Finally, Bank of America boosted their price objective on shares of Constellation Brands from $290.00 to $300.00 and gave the stock a "buy" rating in a research report on Monday, March 18th. Three research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $298.55.

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.