<div id="readability-page-1"><p>Coho Partners Ltd. cut its stake in shares of  Constellation Brands Inc (NYSE:STZ - Free Report) by 44.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 81,168 shares of the company's stock after selling 64,653 shares during the period. Constellation Brands comprises about  1.4% of Coho Partners Ltd.'s holdings, making the stock its 29th biggest holding. Coho Partners Ltd.'s holdings in Constellation Brands were worth $10,931,000 as of its most recent filing with the SEC.</p><div><p><span></span><span>Get <strong>Constellation Brands</strong> alerts:</span></p></div><ul><li>What’s on the Thanksgiving Table? A Stock Pick for Every Course</li></ul><p>Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its position in shares of  Constellation Brands by 650.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,769,741 shares of the company's stock worth $287,889,000 after purchasing an additional 1,533,961 shares during the last quarter.  Norges Bank acquired a new stake in  Constellation Brands in the 2nd quarter worth about $239,737,000.  Berkshire Hathaway Inc increased its stake in  Constellation Brands by 11.6% during the 2nd quarter. Berkshire Hathaway Inc now owns 13,400,000 shares of the company's stock worth $2,179,912,000 after buying an additional 1,391,000 shares in the last quarter.  Grantham Mayo Van Otterloo &amp; Co. LLC raised its holdings in shares of  Constellation Brands by 39.6% during the second quarter. Grantham Mayo Van Otterloo &amp; Co. LLC now owns 3,675,855 shares of the company's stock valued at $597,988,000 after acquiring an additional 1,042,904 shares during the last quarter.  Finally, Geode Capital Management LLC lifted its position in shares of  Constellation Brands by 13.6% in the second quarter. Geode Capital Management LLC now owns 3,737,860 shares of the company's stock valued at $605,293,000 after acquiring an additional 448,259 shares in the last quarter. 77.34% of the stock is owned by hedge funds and other institutional investors. </p><h2>Constellation Brands Trading Up 4.9%</h2><p>Shares of STZ stock opened at $141.58 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 0.54 and a debt-to-equity ratio of 1.26. Constellation Brands Inc has a twelve month low of $126.45 and a twelve month high of $228.89. The company's 50-day moving average price is $136.24 and its 200-day moving average price is $150.68. The stock has a market cap of $24.78 billion, a price-to-earnings ratio of 20.67, a PEG ratio of 0.41 and a beta of 0.46. </p><ul><li>Constellation Brands: Buffett’s $2.2B Bet May Have Hit Bottom</li></ul><p>Constellation Brands (NYSE:STZ - Get Free Report) last released its quarterly earnings data on Thursday, February 23rd. The company reported $3.12 earnings per share (EPS) for the quarter. The firm had revenue of $2.32 billion during the quarter. Constellation Brands had a net margin of 11.88% and a return on equity of 29.82%.  As a group, equities analysts predict that  Constellation Brands Inc will post 13.5 earnings per share for the current year. </p><h2>Constellation Brands Announces Dividend</h2><p>The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Thursday, October 30th were issued a $1.02 dividend. The ex-dividend date was Thursday, October 30th. This represents a $4.08 dividend on an annualized basis and a yield of 2.9%. Constellation Brands's dividend payout ratio  is currently 59.56%. </p><h2>Wall Street Analyst Weigh In</h2><ul><li>Constellation Lowers Outlook: Time to Panic on Buffett's Big Bet?</li></ul><p>STZ has been the topic of a number of research analyst reports. Piper Sandler dropped their price target on Constellation Brands from $155.00 to $135.00 and set a &#34;neutral&#34; rating for the company in a research report on Friday, November 21st. Weiss Ratings  reaffirmed a &#34;sell (d+)&#34; rating on shares of Constellation Brands in a research note on Monday, December 15th. Wells Fargo &amp; Company reduced their target price on shares of Constellation Brands from $170.00 to $155.00 and set an &#34;overweight&#34; rating for the company in a research report on Thursday, September 25th. TD Cowen decreased their price target on shares of Constellation Brands from $180.00 to $152.00 and set a &#34;hold&#34; rating on the stock in a research note on Thursday, September 4th. Finally, JPMorgan Chase &amp; Co. began coverage on shares of Constellation Brands in a research note on Friday, November 7th. They set a &#34;neutral&#34; rating and a $153.00 price objective for the company. One analyst  has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have assigned  a Hold rating and four have issued  a Sell rating to the company. According to MarketBeat.com, the company  has an average rating of &#34;Hold&#34; and a consensus target price of $181.96.</p><p><b>Get Our Latest Report on STZ</b></p><h2>Constellation Brands Profile</h2> (Free Report)<p>Constellation Brands, Inc is a leading producer and marketer of beer, wine and spirits, with operations spanning production, importation, marketing and distribution. The company's beverage portfolio includes a range of premium and mainstream wines and spirits alongside major imported beer brands; in the U.S. market Constellation is widely known for its role in bringing Mexican imports such as Corona and Modelo to American consumers. Constellation supplies retail, on‑premise and foodservice channels and supports its brands with national sales and marketing platforms and supply‑chain capabilities.  </p><p>The company traces its roots to the Canandaigua Wine Company, founded by Marvin Sands in 1945, and evolved through organic growth and acquisition into a diversified beverage company.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Constellation Brands</li><li>Do not delete, read immediately</li><li>INVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting Off</li><li>Can Any Expenses Be Deducted From Capital Gains Tax?</li><li>Buffett, Gates and Bezos Quietly Dumping Stocks—Here's Why</li><li>The Last Gold Bull Market </li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNUWg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNUWg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Constellation Brands Right Now?</h2><p>Before you consider Constellation Brands, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Constellation Brands wasn't on the list.</p><p>While Constellation Brands currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Coho Partners Ltd. reduced its stake in Constellation Brands Inc by 44.3% in Q3, selling 64,653 shares. The firm now holds 81,168 shares worth $10.93M. Other institutional investors also adjusted their positions in Constellation Brands. The stock opened at $141.58, with a market cap of $24.78B. Analysts have mixed ratings on the stock, with some lowering their price targets.</p>

Coho Partners Ltd. Cuts Stock Position in Constellation Brands Inc $STZ