Retirement Systems of Alabama cut its position in Constellation Brands Inc. (NYSE:STZ) by 0.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,599 shares of the company’s stock after selling 337 shares during the period. Retirement Systems of Alabama’s holdings in Constellation Brands were worth $14,917,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in STZ. FMR LLC boosted its position in Constellation Brands by 0.7% in the second quarter. FMR LLC now owns 10,667,795 shares of the company’s stock worth $1,764,453,000 after buying an additional 71,739 shares during the last quarter. Vanguard Group Inc. boosted its position in Constellation Brands by 1.8% in the second quarter. Vanguard Group Inc. now owns 10,580,295 shares of the company’s stock worth $1,749,982,000 after buying an additional 191,324 shares during the last quarter. Lone Pine Capital LLC boosted its position in Constellation Brands by 13.1% in the second quarter. Lone Pine Capital LLC now owns 6,666,012 shares of the company’s stock worth $1,102,558,000 after buying an additional 769,791 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in Constellation Brands by 1.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 4,495,207 shares of the company’s stock worth $743,507,000 after buying an additional 59,720 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in Constellation Brands by 6.0% in the third quarter. Wells Fargo & Company MN now owns 2,903,130 shares of the company’s stock worth $483,342,000 after buying an additional 163,201 shares during the last quarter. Institutional investors and hedge funds own 73.53% of the company’s stock.

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

Constellation Brands Inc. (NYSE:STZ) traded down 0.20% on Tuesday, reaching $155.95. The company had a trading volume of 603,013 shares. Constellation Brands Inc. has a 52 week low of $130.23 and a 52 week high of $173.55. The company has a market capitalization of $31.36 billion, a P/E ratio of 26.83 and a beta of 0.59. The stock’s 50-day moving average is $162.05 and its 200-day moving average is $162.03.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Wednesday, October 5th. The company reported $1.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.65 by $0.12. Constellation Brands had a return on equity of 17.69% and a net margin of 15.64%. The company had revenue of $2.02 billion for the quarter. During the same period in the previous year, the firm earned $1.56 earnings per share. The company’s revenue was up 16.6% compared to the same quarter last year. Equities research analysts forecast that Constellation Brands Inc. will post $6.45 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 22nd. Shareholders of record on Tuesday, November 8th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, November 4th. This represents a $1.60 annualized dividend and a yield of 1.02%. Constellation Brands’s payout ratio is currently 27.49%.

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STZ has been the subject of a number of research reports. Citigroup Inc. reiterated a “neutral” rating and issued a $191.00 price objective (up from $180.00) on shares of Constellation Brands in a report on Sunday, October 9th. RBC Capital Markets set a $181.00 price objective on Constellation Brands and gave the stock a “buy” rating in a report on Wednesday, September 28th. Zacks Investment Research cut Constellation Brands from a “buy” rating to a “hold” rating in a report on Wednesday, November 16th. reiterated an “outperform” rating on shares of Constellation Brands in a report on Monday, August 22nd. Finally, Bank of America Corp. reiterated a “buy” rating and issued a $185.00 price objective on shares of Constellation Brands in a report on Friday, September 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Constellation Brands has an average rating of “Buy” and a consensus target price of $178.30.

Constellation Brands Company Profile

Constellation Brands, Inc is an international beverage alcohol company. The Company is a producer and marketer of beer and wine the United States and Canada. Its segments include Beer, Wine and Spirits, and Corporate Operations and Other. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States.

5 Day Chart for NYSE:STZ

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