Bank of New York Mellon Corp Has $197.56 Million Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

Bank of New York Mellon Corp lowered its stake in Constellation Brands, Inc. (NYSE:STZ) by 5.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 893,944 shares of the company’s stock after selling 48,423 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.49% of Constellation Brands worth $197,562,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Compagnie Lombard Odier SCmA bought a new stake in shares of Constellation Brands during the 4th quarter worth approximately $27,000. Union Bancaire Privee UBP SA bought a new stake in Constellation Brands during the fourth quarter worth $28,000. Versant Capital Management Inc raised its position in Constellation Brands by 887.5% during the fourth quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock worth $35,000 after acquiring an additional 142 shares in the last quarter. Centricity Wealth Management LLC acquired a new stake in Constellation Brands in the fourth quarter valued at $35,000. Finally, FSA Wealth Management LLC bought a new position in shares of Constellation Brands in the 3rd quarter valued at about $42,000. 77.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Constellation Brands

In other news, Director William T. Giles purchased 1,000 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was bought at an average price of $186.39 per share, with a total value of $186,390.00. Following the acquisition, the director now owns 1,463 shares in the company, valued at approximately $272,688.57. The trade was a 215.98 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 12.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on STZ shares. StockNews.com cut shares of Constellation Brands from a “hold” rating to a “sell” rating in a report on Wednesday. TD Cowen cut their price objective on Constellation Brands from $270.00 to $260.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Jefferies Financial Group reissued a “hold” rating and set a $201.00 target price (down from $310.00) on shares of Constellation Brands in a report on Monday, January 13th. Evercore ISI dropped their price target on Constellation Brands from $300.00 to $250.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Finally, UBS Group reduced their price objective on shares of Constellation Brands from $265.00 to $223.00 and set a “buy” rating for the company in a research report on Friday, January 17th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $253.43.

Constellation Brands Trading Down 2.8 %

Shares of STZ stock opened at $173.43 on Friday. The stock has a market cap of $31.34 billion, a P/E ratio of 46.62, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a 1 year low of $160.46 and a 1 year high of $274.87. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. The stock has a 50 day simple moving average of $190.04 and a 200 day simple moving average of $224.16.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing the consensus estimate of $3.33 by ($0.08). The company had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.53 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. Constellation Brands’s revenue was down .3% on a year-over-year basis. During the same period in the prior year, the firm earned $3.19 earnings per share. On average, research analysts predict that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a dividend of $1.01 per share. The ex-dividend date was Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a yield of 2.33%. Constellation Brands’s payout ratio is 108.60%.

Constellation Brands Profile

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.