Constellation Brands, Inc. (NYSE:STZ) Shares Sold by Curi RMB Capital LLC

Curi RMB Capital LLC reduced its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 23.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,287 shares of the company’s stock after selling 387 shares during the period. Curi RMB Capital LLC’s holdings in Constellation Brands were worth $284,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Mainstream Capital Management LLC acquired a new stake in shares of Constellation Brands during the fourth quarter valued at $25,000. SBI Securities Co. Ltd. acquired a new position in shares of Constellation Brands in the fourth quarter valued at approximately $26,000. Compagnie Lombard Odier SCmA purchased a new position in shares of Constellation Brands during the fourth quarter valued at approximately $27,000. Union Bancaire Privee UBP SA acquired a new stake in Constellation Brands during the fourth quarter worth approximately $28,000. Finally, Versant Capital Management Inc grew its stake in Constellation Brands by 887.5% in the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock worth $35,000 after acquiring an additional 142 shares during the period. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Constellation Brands Price Performance

Shares of STZ stock opened at $187.69 on Tuesday. The firm has a fifty day simple moving average of $179.10 and a 200-day simple moving average of $205.88. The company has a market capitalization of $33.92 billion, a PE ratio of 50.45, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a twelve month low of $160.46 and a twelve month high of $265.70. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Wednesday, April 9th. The company reported $2.63 earnings per share for the quarter, beating analysts’ consensus estimates of $2.28 by $0.35. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The company had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same period in the prior year, the company posted $2.26 EPS. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. Equities research analysts anticipate that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Tuesday, April 29th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Tuesday, April 29th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.17%. This is an increase from Constellation Brands’s previous quarterly dividend of $1.01. Constellation Brands’s dividend payout ratio (DPR) is presently -800.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Argus downgraded Constellation Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Evercore ISI lowered their price target on Constellation Brands from $300.00 to $250.00 and set an “outperform” rating for the company in a report on Monday, January 13th. JPMorgan Chase & Co. cut their price objective on shares of Constellation Brands from $203.00 to $194.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. The Goldman Sachs Group dropped their price target on shares of Constellation Brands from $260.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Finally, Barclays lifted their price target on shares of Constellation Brands from $203.00 to $207.00 and gave the company an “overweight” rating in a report on Monday, April 14th. One analyst has rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Constellation Brands presently has a consensus rating of “Hold” and a consensus price target of $224.42.

About Constellation Brands

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.