Westpac Banking Corp lowered its holdings in Constellation Brands, Inc. (NYSE:STZ) by 4.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,932 shares of the company’s stock after selling 1,900 shares during the quarter. Westpac Banking Corp’s holdings in Constellation Brands were worth $9,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. BlackRock Inc. increased its position in Constellation Brands by 14.7% during the first quarter. BlackRock Inc. now owns 13,545,436 shares of the company’s stock valued at $2,374,922,000 after acquiring an additional 1,734,902 shares during the last quarter. Janus Henderson Group PLC increased its position in Constellation Brands by 11.4% during the second quarter. Janus Henderson Group PLC now owns 2,363,365 shares of the company’s stock valued at $465,445,000 after acquiring an additional 242,621 shares during the last quarter. Jackson Square Partners LLC purchased a new stake in Constellation Brands during the first quarter valued at $395,015,000. Geode Capital Management LLC increased its position in Constellation Brands by 6.6% during the fourth quarter. Geode Capital Management LLC now owns 1,937,070 shares of the company’s stock valued at $310,909,000 after acquiring an additional 120,139 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in Constellation Brands by 3.4% during the first quarter. Wells Fargo & Company MN now owns 1,577,086 shares of the company’s stock valued at $276,510,000 after acquiring an additional 52,412 shares during the last quarter. Hedge funds and other institutional investors own 71.37% of the company’s stock.

A number of analysts recently commented on STZ shares. Bank of America set a $221.00 price objective on Constellation Brands and gave the company a “buy” rating in a research report on Monday, July 1st. Barclays reiterated a “buy” rating and set a $238.00 price objective on shares of Constellation Brands in a research report on Tuesday, July 2nd. Morgan Stanley upped their price objective on Constellation Brands from $207.00 to $217.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 2nd. Zacks Investment Research upgraded Constellation Brands from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Finally, Evercore ISI set a $220.00 price target on Constellation Brands and gave the company a “buy” rating in a report on Friday, August 9th. Ten research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $223.83.

NYSE:STZ traded down $0.99 during mid-day trading on Thursday, hitting $192.37. 8,013 shares of the company traded hands, compared to its average volume of 944,738. The company has a market cap of $36.99 billion, a price-to-earnings ratio of 20.70, a price-to-earnings-growth ratio of 2.89 and a beta of 0.71. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.71 and a current ratio of 1.22. The company has a fifty day moving average of $197.04. Constellation Brands, Inc. has a one year low of $150.37 and a one year high of $228.91.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Friday, June 28th. The company reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.15. The firm had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.07 billion. Constellation Brands had a return on equity of 14.98% and a net margin of 27.38%. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.20 earnings per share. As a group, equities research analysts expect that Constellation Brands, Inc. will post 8.36 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Monday, August 12th. Constellation Brands’s dividend payout ratio (DPR) is 32.33%.

In other news, CMO James A. Jr. Sabia sold 4,275 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $194.70, for a total value of $832,342.50. Following the completion of the transaction, the chief marketing officer now owns 43,494 shares of the company’s stock, valued at $8,468,281.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jeremy S. G. Fowden sold 10,213 shares of the company’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $197.35, for a total value of $2,015,535.55. Following the completion of the transaction, the director now directly owns 27,630 shares of the company’s stock, valued at approximately $5,452,780.50. The disclosure for this sale can be found here. Corporate insiders own 15.86% of the company’s stock.

About Constellation Brands

Constellation Brands, Inc, together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. It provides beer primarily under the Corona Extra, Corona Light, Corona Premier, Corona Familiar Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Four Corners, and Ballast Point brands.

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

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