UBS Asset Management Americas Inc. lifted its stake in Constellation Brands Inc (NYSE:STZ) by 0.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 471,381 shares of the company’s stock after acquiring an additional 4,242 shares during the quarter. UBS Asset Management Americas Inc. owned approximately 0.24% of Constellation Brands worth $91,321,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of STZ. Virginia Retirement Systems ET AL increased its stake in shares of Constellation Brands by 5.4% in the first quarter. Virginia Retirement Systems ET AL now owns 190,000 shares of the company’s stock worth $30,793,000 after acquiring an additional 9,800 shares during the last quarter. State of Tennessee Treasury Department increased its stake in shares of Constellation Brands by 193.4% in the first quarter. State of Tennessee Treasury Department now owns 213,768 shares of the company’s stock worth $34,646,000 after acquiring an additional 140,909 shares during the last quarter. CIBC World Markets Inc. increased its stake in shares of Constellation Brands by 362.9% in the first quarter. CIBC World Markets Inc. now owns 434,133 shares of the company’s stock worth $70,360,000 after acquiring an additional 340,354 shares during the last quarter. State of Wisconsin Investment Board increased its stake in shares of Constellation Brands by 22.6% in the first quarter. State of Wisconsin Investment Board now owns 205,493 shares of the company’s stock worth $33,304,000 after acquiring an additional 37,846 shares during the last quarter. Finally, Stevens Capital Management LP increased its stake in shares of Constellation Brands by 26.8% in the first quarter. Stevens Capital Management LP now owns 75,625 shares of the company’s stock worth $12,257,000 after acquiring an additional 15,986 shares during the last quarter. 74.96% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Constellation Brands Inc (NYSE STZ) opened at 201.02 on Friday. The firm has a market capitalization of $39.26 billion, a P/E ratio of 25.21 and a beta of 0.03. Constellation Brands Inc has a 12 month low of $144.00 and a 12 month high of $205.12. The stock has a 50 day moving average price of $198.80 and a 200 day moving average price of $183.32.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Thursday, June 29th. The company reported $2.34 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.36. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.95 billion. Constellation Brands had a net margin of 19.94% and a return on equity of 21.57%. Constellation Brands’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.54 EPS. On average, analysts expect that Constellation Brands Inc will post $8.18 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th were paid a dividend of $0.52 per share. The ex-dividend date was Monday, August 7th. This represents a $2.08 annualized dividend and a dividend yield of 1.03%. Constellation Brands’s dividend payout ratio is presently 26.03%.

A number of equities analysts have recently weighed in on STZ shares. BidaskClub downgraded shares of Constellation Brands from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Morgan Stanley reaffirmed an “overweight” rating and issued a $204.00 price target on shares of Constellation Brands in a research note on Monday, June 12th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Constellation Brands in a research note on Friday, June 16th. Zacks Investment Research downgraded shares of Constellation Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $198.00 price target (down from $200.00) on shares of Constellation Brands in a research note on Friday, June 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $202.00.

In other news, VP Thomas Michael Kane sold 4,940 shares of the business’s stock in a transaction dated Friday, July 7th. The shares were sold at an average price of $193.28, for a total transaction of $954,803.20. Following the transaction, the vice president now directly owns 8,914 shares in the company, valued at approximately $1,722,897.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Barry A. Fromberg sold 2,000 shares of the business’s stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $195.93, for a total transaction of $391,860.00. Following the transaction, the director now owns 22,820 shares in the company, valued at $4,471,122.60. The disclosure for this sale can be found here. Insiders have sold a total of 108,118 shares of company stock worth $21,052,835 over the last 90 days. 15.59% of the stock is owned by company insiders.

About Constellation Brands

Constellation Brands, Inc is an international beverage alcohol company. The Company is a producer and marketer of beer, wine and spirits with operations in the United States, Canada, Mexico, New Zealand and Italy. 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.

Institutional Ownership by Quarter for Constellation Brands (NYSE:STZ)

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