Strs Ohio lowered its position in Constellation Brands Inc. (NYSE:STZ) by 22.4% during the second quarter, Holdings Channel reports. The fund owned 425,855 shares of the company’s stock after selling 122,917 shares during the period. Strs Ohio’s holdings in Constellation Brands were worth $70,436,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. State Street Corp boosted its position in Constellation Brands by 4.7% in the first quarter. State Street Corp now owns 7,326,780 shares of the company’s stock worth $1,107,013,000 after buying an additional 330,670 shares during the last quarter. Franklin Resources Inc. boosted its position in Constellation Brands by 8.3% in the first quarter. Franklin Resources Inc. now owns 1,973,677 shares of the company’s stock worth $298,210,000 after buying an additional 151,501 shares during the last quarter. Geode Capital Management LLC boosted its position in Constellation Brands by 3.5% in the first quarter. Geode Capital Management LLC now owns 1,389,554 shares of the company’s stock worth $209,513,000 after buying an additional 46,542 shares during the last quarter. BlackRock Group LTD boosted its position in Constellation Brands by 2.7% in the first quarter. BlackRock Group LTD now owns 1,342,421 shares of the company’s stock worth $202,825,000 after buying an additional 35,355 shares during the last quarter. Finally, Suvretta Capital Management LLC boosted its position in Constellation Brands by 43.0% in the first quarter. Suvretta Capital Management LLC now owns 1,319,518 shares of the company’s stock worth $199,366,000 after buying an additional 396,700 shares during the last quarter. Institutional investors and hedge funds own 75.05% of the company’s stock.

Shares of Constellation Brands Inc. (NYSE:STZ) traded up 1.81% on Wednesday, hitting $165.79. 1,050,041 shares of the stock traded hands. The stock has a 50-day moving average price of $164.88 and a 200 day moving average price of $158.53. Constellation Brands Inc. has a 52 week low of $122.35 and a 52 week high of $168.68. The firm has a market cap of $33.24 billion, a P/E ratio of 29.87 and a beta of 0.72.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Thursday, June 30th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.52 by $0.02. Constellation Brands had a net margin of 15.53% and a return on equity of 17.66%. The company earned $1.87 billion during the quarter. During the same quarter in the previous year, the business earned $1.26 EPS. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. Equities research analysts predict that Constellation Brands Inc. will post $6.31 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 24th. Investors of record on Wednesday, August 10th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Monday, August 8th. Constellation Brands’s dividend payout ratio (DPR) is presently 28.78%.

A number of equities research analysts have recently issued reports on STZ shares. Goldman Sachs Group Inc. restated a “buy” rating on shares of Constellation Brands in a report on Friday, July 15th. Susquehanna restated a “hold” rating on shares of Constellation Brands in a report on Monday, August 8th. Wells Fargo & Co. restated an “outperform” rating and set a $185.00 price objective on shares of Constellation Brands in a report on Wednesday, July 6th. SunTrust Banks Inc. restated a “buy” rating and set a $180.00 price objective on shares of Constellation Brands in a report on Friday, June 3rd. Finally, Morgan Stanley restated a “buy” rating on shares of Constellation Brands in a report on Thursday, September 15th. Six investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $174.46.

In related news, VP Thomas Michael Kane sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $163.26, for a total value of $1,142,820.00. Following the completion of the transaction, the vice president now directly owns 8,764 shares of the company’s stock, valued at approximately $1,430,810.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Thomas J. Mullin sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 6th. The stock was sold at an average price of $165.73, for a total transaction of $4,971,900.00. Following the completion of the transaction, the vice president now directly owns 101,702 shares of the company’s stock, valued at $16,855,072.46. The disclosure for this sale can be found here. 10.63% of the stock is currently owned by corporate insiders.

Constellation Brands Company Profile

Constellation Brands, Inc is an international beverage alcohol company. The Company is a producer and marketer of beer and wine the United States and Canada. Its segments include Beer, Wine and Spirits, and Corporate Operations and Other. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States.

5 Day Chart for NYSE:STZ

Want to see what other hedge funds are holding STZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Constellation Brands Inc. (NYSE:STZ).

Receive News & Ratings for Constellation Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Constellation Brands Inc. and related companies with MarketBeat.com's FREE daily email newsletter.