Nomura Holdings Inc. Sells 425,164 Shares of Constellation Brands, Inc. (NYSE:STZ)

Nomura Holdings Inc. reduced its stake in Constellation Brands, Inc. (NYSE:STZFree Report) by 95.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,057 shares of the company’s stock after selling 425,164 shares during the period. Nomura Holdings Inc.’s holdings in Constellation Brands were worth $5,332,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Burns Matteson Capital Management LLC increased its holdings in shares of Constellation Brands by 1.7% in the 4th quarter. Burns Matteson Capital Management LLC now owns 2,499 shares of the company’s stock worth $604,000 after buying an additional 42 shares during the last quarter. 1620 Investment Advisors Inc. boosted its position in Constellation Brands by 1.8% in the 4th quarter. 1620 Investment Advisors Inc. now owns 2,352 shares of the company’s stock valued at $569,000 after buying an additional 42 shares during the period. FAS Wealth Partners Inc. boosted its position in Constellation Brands by 3.5% in the 4th quarter. FAS Wealth Partners Inc. now owns 1,277 shares of the company’s stock valued at $309,000 after buying an additional 43 shares during the period. Smithfield Trust Co raised its holdings in shares of Constellation Brands by 5.3% in the 4th quarter. Smithfield Trust Co now owns 854 shares of the company’s stock valued at $207,000 after purchasing an additional 43 shares in the last quarter. Finally, Copperwynd Financial LLC raised its stake in shares of Constellation Brands by 1.6% during the 4th quarter. Copperwynd Financial LLC now owns 2,779 shares of the company’s stock worth $672,000 after acquiring an additional 43 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors.

Insider Activity at Constellation Brands

In other Constellation Brands news, EVP James A. Jr. Sabia sold 15,781 shares of the stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $263.63, for a total value of $4,160,345.03. Following the transaction, the executive vice president now directly owns 20,910 shares of the company’s stock, valued at approximately $5,512,503.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP James A. Jr. Sabia sold 15,781 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $263.63, for a total transaction of $4,160,345.03. Following the transaction, the executive vice president now directly owns 20,910 shares of the company’s stock, valued at $5,512,503.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William A. Newlands sold 4,013 shares of the firm’s stock in a transaction that occurred on Friday, April 19th. The stock was sold at an average price of $263.25, for a total transaction of $1,056,422.25. Following the transaction, the chief executive officer now directly owns 5,395 shares in the company, valued at $1,420,233.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,031 shares of company stock worth $12,582,321. Insiders own 12.19% of the company’s stock.

Constellation Brands Stock Up 0.3 %

NYSE STZ opened at $251.68 on Tuesday. The company has a market capitalization of $46.05 billion, a price-to-earnings ratio of 26.83, a PEG ratio of 1.69 and a beta of 0.89. The company has a current ratio of 1.19, a quick ratio of 0.53 and a debt-to-equity ratio of 1.06. Constellation Brands, Inc. has a 1-year low of $227.50 and a 1-year high of $274.87. The stock’s 50 day moving average is $256.41 and its two-hundred day moving average is $251.69.

Constellation Brands (NYSE:STZGet Free Report) last issued its earnings results on Thursday, April 11th. The company reported $2.26 EPS for the quarter, beating the consensus estimate of $2.10 by $0.16. Constellation Brands had a net margin of 16.13% and a return on equity of 23.06%. The company had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter in the previous year, the company posted $1.98 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. Equities analysts forecast that Constellation Brands, Inc. will post 13.54 earnings per share for the current fiscal year.

Constellation Brands Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Friday, May 3rd were paid a $1.01 dividend. This is an increase from Constellation Brands’s previous quarterly dividend of $0.89. This represents a $4.04 annualized dividend and a yield of 1.61%. The ex-dividend date was Thursday, May 2nd. Constellation Brands’s dividend payout ratio (DPR) is 43.07%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. UBS Group upped their price target on shares of Constellation Brands from $312.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Evercore ISI increased their price target on shares of Constellation Brands from $300.00 to $310.00 and gave the stock an “outperform” rating in a report on Friday, April 12th. Royal Bank of Canada reissued an “outperform” rating and set a $308.00 price target on shares of Constellation Brands in a report on Tuesday, May 28th. Bank of America increased their price target on shares of Constellation Brands from $290.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Finally, HSBC increased their price objective on shares of Constellation Brands from $290.00 to $300.00 and gave the company a “buy” rating in a report on Friday, April 12th. Three equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, Constellation Brands presently has a consensus rating of “Moderate Buy” and a consensus price target of $298.20.

View Our Latest Stock Report on Constellation Brands

Constellation Brands Company Profile

(Free Report)

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.

See Also

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

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