Sirios Capital Management L P Sells 2,681 Shares of Constellation Brands, Inc. (NYSE:STZ)

Sirios Capital Management L P reduced its position in Constellation Brands, Inc. (NYSE:STZ - Free Report) by 27.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,983 shares of the company's stock after selling 2,681 shares during the quarter. Sirios Capital Management L P's holdings in Constellation Brands were worth $1,543,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Mainstream Capital Management LLC bought a new position in Constellation Brands during the fourth quarter valued at approximately $25,000. SBI Securities Co. Ltd. purchased a new stake in shares of Constellation Brands in the 4th quarter valued at $26,000. Compagnie Lombard Odier SCmA bought a new position in shares of Constellation Brands during the 4th quarter valued at $27,000. Union Bancaire Privee UBP SA purchased a new position in Constellation Brands in the 4th quarter worth $28,000. Finally, Versant Capital Management Inc lifted its stake in Constellation Brands by 887.5% in the fourth quarter. Versant Capital Management Inc now owns 158 shares of the company's stock worth $35,000 after purchasing an additional 142 shares during the last quarter. 77.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

STZ has been the topic of several analyst reports. Citigroup decreased their price objective on Constellation Brands from $200.00 to $190.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Argus lowered Constellation Brands from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. The Goldman Sachs Group decreased their target price on shares of Constellation Brands from $260.00 to $225.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Morgan Stanley dropped their price target on shares of Constellation Brands from $202.00 to $195.00 and set an "equal weight" rating for the company in a research report on Friday, April 11th. Finally, Royal Bank of Canada lowered their price objective on shares of Constellation Brands from $289.00 to $233.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $224.42.

Constellation Brands Stock Performance

NYSE STZ traded up $0.05 during trading hours on Monday, hitting $185.40. 613,594 shares of the company's stock traded hands, compared to its average volume of 1,707,584. Constellation Brands, Inc. has a 52 week low of $160.46 and a 52 week high of $265.70. The business's fifty day moving average price is $180.88 and its two-hundred day moving average price is $204.36. 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 $33.51 billion, a P/E ratio of 49.84, a P/E/G ratio of 1.52 and a beta of 1.75.

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

Constellation Brands Increases Dividend

The firm also recently disclosed 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. This is a positive change from Constellation Brands's previous quarterly dividend of $1.01. The ex-dividend date is Tuesday, April 29th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.20%. Constellation Brands's dividend payout ratio is -800.00%.

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.