Swiss National Bank decreased its stake in Constellation Brands Inc. (NYSE:STZ) by 0.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 488,516 shares of the company’s stock after selling 4,600 shares during the period. Swiss National Bank owned about 0.24% of Constellation Brands worth $81,333,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Quadrant Capital Group LLC increased its stake in shares of Constellation Brands by 2.1% in the second quarter. Quadrant Capital Group LLC now owns 678 shares of the company’s stock valued at $103,000 after buying an additional 14 shares during the last quarter. PineBridge Investments L.P. increased its stake in shares of Constellation Brands by 331.3% in the second quarter. PineBridge Investments L.P. now owns 690 shares of the company’s stock valued at $115,000 after buying an additional 530 shares during the last quarter. Hanson McClain Inc. increased its stake in shares of Constellation Brands by 0.3% in the second quarter. Hanson McClain Inc. now owns 764 shares of the company’s stock valued at $126,000 after buying an additional 2 shares during the last quarter. Brick & Kyle Associates increased its stake in shares of Constellation Brands by 1.9% in the third quarter. Brick & Kyle Associates now owns 815 shares of the company’s stock valued at $136,000 after buying an additional 15 shares during the last quarter. Finally, Duncker Streett & Co. Inc. increased its stake in shares of Constellation Brands by 179.0% in the third quarter. Duncker Streett & Co. Inc. now owns 837 shares of the company’s stock valued at $139,000 after buying an additional 537 shares during the last quarter. 73.53% of the stock is owned by institutional investors and hedge funds.

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

Shares of Constellation Brands Inc. (NYSE:STZ) opened at 156.27 on Tuesday. Constellation Brands Inc. has a 12-month low of $130.23 and a 12-month high of $173.55. The company has a market capitalization of $31.42 billion, a price-to-earnings ratio of 26.89 and a beta of 0.59. The firm’s 50-day moving average is $162.05 and its 200-day moving average is $162.03.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Wednesday, October 5th. The company reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.12. Constellation Brands had a net margin of 15.64% and a return on equity of 17.69%. The firm had revenue of $2.02 billion for the quarter. During the same period in the previous year, the company posted $1.56 earnings per share. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. On average, equities analysts predict that Constellation Brands Inc. will post $6.45 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 22nd. Stockholders of record on Tuesday, November 8th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend was Friday, November 4th. Constellation Brands’s payout ratio is 27.49%.

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Several analysts recently commented on the stock. Zacks Investment Research downgraded shares of Constellation Brands from a “buy” rating to a “hold” rating in a report on Monday. Pivotal Research reiterated a “buy” rating and issued a $200.00 price objective on shares of Constellation Brands in a research note on Thursday, October 6th. Citigroup Inc. reiterated a “neutral” rating and issued a $191.00 price objective (up previously from $180.00) on shares of Constellation Brands in a research note on Sunday, October 9th. Morgan Stanley reiterated an “overweight” rating and issued a $194.00 price objective (up previously from $191.00) on shares of Constellation Brands in a research note on Saturday, October 8th. Finally, RBC Capital Markets reiterated an “outperform” rating and issued a $181.00 price objective on shares of Constellation Brands in a research note on Wednesday, October 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Constellation Brands currently has a consensus rating of “Buy” and an average price target 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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