XTX Topco Ltd Decreases Position in Constellation Brands, Inc. (NYSE:STZ)

XTX Topco Ltd lowered its stake in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 73.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,449 shares of the company's stock after selling 4,037 shares during the period. XTX Topco Ltd's holdings in Constellation Brands were worth $320,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Mainstream Capital Management LLC purchased a new stake in Constellation Brands during the fourth quarter worth about $25,000. SBI Securities Co. Ltd. purchased a new stake in Constellation Brands during the fourth quarter worth about $26,000. Compagnie Lombard Odier SCmA purchased a new stake in Constellation Brands during the fourth quarter worth about $27,000. Union Bancaire Privee UBP SA purchased a new stake in Constellation Brands during the fourth quarter worth about $28,000. Finally, Versant Capital Management Inc boosted its holdings in Constellation Brands by 887.5% during the fourth quarter. Versant Capital Management Inc now owns 158 shares of the company's stock worth $35,000 after buying an additional 142 shares in the last quarter. Hedge funds and other institutional investors own 77.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on STZ. Needham & Company LLC reaffirmed a "buy" rating and issued a $215.00 price target on shares of Constellation Brands in a report on Thursday, April 10th. TD Cowen reduced their price target on shares of Constellation Brands from $270.00 to $260.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. Morgan Stanley reduced their price target on shares of Constellation Brands from $202.00 to $195.00 and set an "equal weight" rating on the stock in a report on Friday, April 11th. Royal Bank of Canada reduced 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. Finally, Roth Mkm reduced their price target on shares of Constellation Brands from $284.00 to $256.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Constellation Brands has an average rating of "Hold" and an average price target of $224.42.

Constellation Brands Trading Up 0.8 %

Shares of STZ stock traded up $1.44 on Wednesday, reaching $187.72. 1,295,867 shares of the stock were exchanged, compared to its average volume of 1,712,224. Constellation Brands, Inc. has a 1-year low of $160.46 and a 1-year high of $265.70. The stock has a market cap of $33.93 billion, a P/E ratio of 50.46, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. 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 has a 50 day moving average of $181.67 and a two-hundred day moving average of $203.74.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its earnings results on Wednesday, April 9th. The company reported $2.63 earnings per share 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 firm had revenue of $2.13 billion for the quarter, compared to analysts' expectations of $2.14 billion. During the same quarter last year, the firm earned $2.26 earnings per share. The firm's revenue for the quarter was up 1.2% compared to the same quarter last year. On average, research analysts anticipate that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Tuesday, April 29th will be issued 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 yield of 2.17%. This is a boost from Constellation Brands's previous quarterly dividend of $1.01. Constellation Brands's dividend payout ratio (DPR) is presently -800.00%.

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.