Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lowered its stake in shares of Constellation Brands Inc (NYSE:STZ) by 13.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,819 shares of the company’s stock after selling 3,960 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Constellation Brands were worth $4,808,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Quadrant Capital Group LLC raised its position in Constellation Brands by 3.2% in the first quarter. Quadrant Capital Group LLC now owns 765 shares of the company’s stock worth $115,000 after buying an additional 24 shares during the last quarter. Tompkins Financial Corp raised its position in Constellation Brands by 29.4% in the first quarter. Tompkins Financial Corp now owns 770 shares of the company’s stock worth $116,000 after buying an additional 175 shares during the last quarter. Harbour Capital Advisors LLC acquired a new position in Constellation Brands during the first quarter worth approximately $117,000. Hanson McClain Inc. raised its position in Constellation Brands by 0.3% in the first quarter. Hanson McClain Inc. now owns 769 shares of the company’s stock worth $125,000 after buying an additional 2 shares during the last quarter. Finally, Barometer Capital Management Inc. acquired a new position in Constellation Brands during the first quarter worth approximately $130,000. Institutional investors own 76.14% of the company’s stock.

Constellation Brands Inc (STZ) opened at 195.65 on Friday. Constellation Brands Inc has a one year low of $144.00 and a one year high of $199.89. The firm has a market capitalization of $38.21 billion, a P/E ratio of 24.54 and a beta of 0.06. The stock has a 50 day moving average price of $193.61 and a 200 day moving average price of $174.46.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings results on Thursday, June 29th. The company reported $2.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.98 by $0.36. The business 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%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the business posted $1.54 EPS. On average, equities analysts predict that Constellation Brands Inc will post $8.17 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Monday, August 7th. This represents a $2.08 annualized dividend and a dividend yield of 1.06%. Constellation Brands’s dividend payout ratio is 26.03%.

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A number of research firms have recently commented on STZ. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $220.00 price objective (up from $188.00) on shares of Constellation Brands in a research note on Friday, June 30th. Vetr lowered Constellation Brands from a “hold” rating to a “sell” rating and set a $175.98 price objective on the stock. in a research note on Monday, May 22nd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $220.00 price objective (up from $205.00) on shares of Constellation Brands in a research note on Friday, June 30th. UBS AG lifted their price objective on Constellation Brands from $162.00 to $176.00 and gave the stock a “neutral” rating in a research note on Friday, June 30th. Finally, Zacks Investment Research upgraded Constellation Brands from a “hold” rating to a “buy” rating and set a $207.00 price objective on the stock in a research note on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. Constellation Brands has a consensus rating of “Buy” and an average target price of $200.53.

In related news, Director Barry A. Fromberg sold 2,000 shares of the stock in a transaction that occurred on Thursday, July 13th. The shares were sold at an average price of $195.93, for a total transaction of $391,860.00. Following the sale, the director now owns 22,820 shares in the company, valued at approximately $4,471,122.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Thomas Michael Kane sold 4,940 shares of the stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of $193.28, for a total transaction of $954,803.20. Following the sale, the vice president now owns 8,914 shares in the company, valued at approximately $1,722,897.92. The disclosure for this sale can be found here. Insiders have sold a total of 95,601 shares of company stock worth $18,586,986 in the last quarter. 15.59% of the stock is currently owned by company insiders.

Constellation Brands Company Profile

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.

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

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