UMB Bank N A MO decreased its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 44.0% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 11,394 shares of the company’s stock after selling 8,939 shares during the period. UMB Bank N A MO’s holdings in Constellation Brands were worth $1,633,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of STZ. First Trust Advisors LP lifted its holdings in Constellation Brands by 4.6% during the 1st quarter. First Trust Advisors LP now owns 18,870 shares of the company’s stock worth $3,308,000 after purchasing an additional 833 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of Constellation Brands by 30.5% in the 4th quarter. Acadian Asset Management LLC now owns 831 shares of the company’s stock valued at $158,000 after acquiring an additional 194 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of Constellation Brands in the 4th quarter valued at about $883,000. Achmea Investment Management B.V. purchased a new stake in shares of Constellation Brands in the 4th quarter valued at about $664,000. Finally, Philadelphia Trust Co. purchased a new stake in shares of Constellation Brands in the 4th quarter valued at about $370,000. 71.84% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have weighed in on STZ shares. Royal Bank of Canada reaffirmed a “buy” rating and issued a $216.00 price target on shares of Constellation Brands in a report on Thursday, June 4th. MKM Partners lowered Constellation Brands from a “buy” rating to a “sell” rating and reduced their price objective for the company from $216.00 to $147.00 in a research report on Friday, May 8th. Cfra reduced their price objective on Constellation Brands from $200.00 to $140.00 and set a “hold” rating on the stock in a research report on Friday, April 3rd. HSBC lowered Constellation Brands from a “buy” rating to a “hold” rating and set a $147.00 price objective on the stock. in a research report on Thursday, April 2nd. Finally, Zacks Investment Research upgraded Constellation Brands from a “hold” rating to a “buy” rating and set a $179.00 price objective on the stock in a research report on Monday, June 15th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the company. Constellation Brands currently has an average rating of “Buy” and a consensus target price of $192.14.

STZ traded down $2.32 on Friday, hitting $171.02. 132,393 shares of the company were exchanged, compared to its average volume of 1,312,244. The firm has a fifty day simple moving average of $172.62 and a two-hundred day simple moving average of $173.86. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.91 and a current ratio of 1.51. Constellation Brands, Inc. has a 12 month low of $104.28 and a 12 month high of $212.00. The stock has a market capitalization of $33.42 billion, a PE ratio of -962.89, a price-to-earnings-growth ratio of 13.50 and a beta of 0.92.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Friday, April 3rd. The company reported $2.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.42. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.84 billion. Constellation Brands had a positive return on equity of 14.61% and a negative net margin of 0.13%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the company earned $1.84 EPS. On average, equities analysts expect that Constellation Brands, Inc. will post 8.36 earnings per share for the current year.

Constellation Brands Company Profile

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.

Featured Story: Quick Ratio

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

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