New England Research & Management Inc. lowered its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 28.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,100 shares of the company’s stock after selling 840 shares during the period. New England Research & Management Inc.’s holdings in Constellation Brands were worth $338,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. raised its position in Constellation Brands by 0.6% in the 3rd quarter. BlackRock Inc. now owns 12,057,795 shares of the company’s stock worth $2,599,903,000 after purchasing an additional 70,095 shares during the period. Vanguard Group Inc. raised its position in Constellation Brands by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 12,013,148 shares of the company’s stock worth $2,590,276,000 after purchasing an additional 30,782 shares during the period. Vanguard Group Inc raised its position in Constellation Brands by 0.3% in the 3rd quarter. Vanguard Group Inc now owns 12,013,148 shares of the company’s stock worth $2,590,276,000 after purchasing an additional 30,782 shares during the period. FMR LLC raised its position in Constellation Brands by 6.0% in the 2nd quarter. FMR LLC now owns 5,969,243 shares of the company’s stock worth $1,306,489,000 after purchasing an additional 337,338 shares during the period. Finally, Capital World Investors raised its position in Constellation Brands by 3.4% in the 3rd quarter. Capital World Investors now owns 4,054,750 shares of the company’s stock worth $874,285,000 after purchasing an additional 133,500 shares during the period. Hedge funds and other institutional investors own 72.56% of the company’s stock.

STZ has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Constellation Brands from a “sell” rating to a “hold” rating in a research report on Thursday, September 20th. Evercore ISI set a $255.00 target price on shares of Constellation Brands and gave the stock a “buy” rating in a research report on Friday, September 21st. JPMorgan Chase & Co. decreased their target price on shares of Constellation Brands from $260.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday, September 27th. Morgan Stanley decreased their target price on shares of Constellation Brands from $258.00 to $251.00 and set a “buy” rating on the stock in a research report on Thursday, September 27th. Finally, OTR Global upgraded shares of Constellation Brands to a “positive” rating in a research report on Friday, September 28th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. Constellation Brands presently has a consensus rating of “Buy” and an average price target of $228.09.

Shares of Constellation Brands stock opened at $159.21 on Friday. The firm has a market capitalization of $28.60 billion, a price-to-earnings ratio of 18.26, a PEG ratio of 1.57 and a beta of 0.38. Constellation Brands, Inc. has a 12-month low of $150.37 and a 12-month high of $236.62. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.76 and a current ratio of 1.66.

Constellation Brands (NYSE:STZ) last announced its earnings results on Wednesday, January 9th. The company reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.33. The firm had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.91 billion. Constellation Brands had a net margin of 35.27% and a return on equity of 18.27%. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.00 EPS. Research analysts expect that Constellation Brands, Inc. will post 9.25 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 26th. Stockholders of record on Tuesday, February 12th will be paid a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend is Monday, February 11th. Constellation Brands’s payout ratio is 10.67%.

In other news, Chairman Richard Sands sold 148,773 shares of Constellation Brands stock in a transaction dated Monday, October 22nd. The shares were sold at an average price of $223.69, for a total transaction of $33,279,032.37. Following the sale, the chairman now owns 346,525 shares of the company’s stock, valued at approximately $77,514,177.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert Sands sold 151,060 shares of Constellation Brands stock in a transaction dated Monday, October 22nd. The shares were sold at an average price of $223.67, for a total transaction of $33,787,590.20. Following the sale, the chief executive officer now directly owns 737,607 shares in the company, valued at approximately $164,980,557.69. The disclosure for this sale can be found here. Insiders have sold a total of 578,723 shares of company stock worth $129,438,449 in the last ninety days. Insiders own 15.80% of the company’s stock.

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Constellation Brands Profile

Constellation Brands, Inc, together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company sells wine across various categories, including table wine, sparkling wine, and dessert wine. It provides beer primarily under the Corona Extra, Corona Light, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Obregon Brewery, and Ballast Point brands.

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

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