Vinva Investment Management Ltd Trims Holdings in Constellation Brands, Inc. (NYSE:STZ)

Vinva Investment Management Ltd trimmed its position in Constellation Brands, Inc. (NYSE:STZ) by 38.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,304 shares of the company’s stock after selling 1,421 shares during the quarter. Vinva Investment Management Ltd’s holdings in Constellation Brands were worth $506,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allworth Financial LP increased its holdings in Constellation Brands by 0.8% in the 4th quarter. Allworth Financial LP now owns 7,357 shares of the company’s stock worth $1,626,000 after acquiring an additional 59 shares in the last quarter. BSW Wealth Partners increased its holdings in Constellation Brands by 4.2% in the 4th quarter. BSW Wealth Partners now owns 1,563 shares of the company’s stock worth $345,000 after acquiring an additional 63 shares in the last quarter. Philip James Wealth Mangement LLC increased its holdings in Constellation Brands by 8.0% in the 4th quarter. Philip James Wealth Mangement LLC now owns 923 shares of the company’s stock worth $204,000 after acquiring an additional 68 shares in the last quarter. Oak Asset Management LLC increased its holdings in Constellation Brands by 0.4% in the 4th quarter. Oak Asset Management LLC now owns 17,611 shares of the company’s stock worth $3,892,000 after acquiring an additional 71 shares in the last quarter. Finally, Hartford Funds Management Co LLC increased its holdings in Constellation Brands by 4.2% in the 3rd quarter. Hartford Funds Management Co LLC now owns 1,797 shares of the company’s stock worth $463,000 after acquiring an additional 72 shares in the last quarter. 77.34% of the stock is owned by hedge funds and other institutional investors.

Constellation Brands Stock Performance

NYSE:STZ opened at $177.73 on Friday. The stock’s fifty day moving average is $177.32 and its 200 day moving average is $217.28. Constellation Brands, Inc. has a fifty-two week low of $160.46 and a fifty-two week high of $274.87. The firm has a market capitalization of $32.12 billion, a PE ratio of 47.78, a PEG ratio of 1.52 and a beta of 1.75. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results 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). Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The company had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.53 billion. During the same quarter in the previous year, the company posted $3.19 EPS. The business’s quarterly revenue was down .3% on a year-over-year basis. On average, sell-side analysts anticipate that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $1.01 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a yield of 2.27%. Constellation Brands’s payout ratio is 108.60%.

Insiders Place Their Bets

In other Constellation Brands news, Director William T. Giles bought 1,000 shares of Constellation Brands stock in a transaction on Friday, January 17th. The shares were acquired at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the completion of the purchase, the director now directly owns 1,463 shares in the company, valued at approximately $272,688.57. This trade represents a 215.98 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 12.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on STZ shares. UBS Group reduced their target price on shares of Constellation Brands from $265.00 to $223.00 and set a “buy” rating for the company in a report on Friday, January 17th. BNP Paribas initiated coverage on Constellation Brands in a research note on Monday, November 25th. They issued a “neutral” rating and a $261.00 price target for the company. Evercore ISI dropped their price target on Constellation Brands from $300.00 to $250.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Citigroup downgraded Constellation Brands from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $260.00 to $200.00 in a research note on Thursday. Finally, Argus downgraded Constellation Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $250.41.

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.