Mirador Capital Partners LP Increases Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

Mirador Capital Partners LP raised its stake in Constellation Brands, Inc. (NYSE:STZ) by 3.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,610 shares of the company’s stock after acquiring an additional 181 shares during the period. Mirador Capital Partners LP’s holdings in Constellation Brands were worth $1,240,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in STZ. Versant Capital Management Inc increased its stake in Constellation Brands by 887.5% in the fourth quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock valued at $35,000 after purchasing an additional 142 shares during the last quarter. Eastern Bank acquired a new stake in shares of Constellation Brands in the third quarter valued at approximately $39,000. FSA Wealth Management LLC acquired a new stake in shares of Constellation Brands in the third quarter valued at approximately $42,000. Truvestments Capital LLC acquired a new stake in shares of Constellation Brands in the third quarter valued at approximately $60,000. Finally, Continuum Advisory LLC boosted its holdings in shares of Constellation Brands by 68.0% in the third quarter. Continuum Advisory LLC now owns 252 shares of the company’s stock valued at $61,000 after acquiring an additional 102 shares during the period. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Constellation Brands Trading Up 0.0 %

NYSE:STZ opened at $180.74 on Thursday. The company has a market capitalization of $32.82 billion, a PE ratio of 48.59, a price-to-earnings-growth ratio of 1.28 and a beta of 0.91. The company has a quick ratio of 0.53, a current ratio of 1.25 and a debt-to-equity ratio of 1.31. Constellation Brands, Inc. has a 52-week low of $176.51 and a 52-week high of $274.87. The stock has a fifty day simple moving average of $229.71 and a 200-day simple moving average of $240.26.

Constellation Brands (NYSE:STZ) last announced its earnings results on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing the consensus estimate of $3.33 by ($0.08). Constellation Brands had a net margin of 5.29% and a return on equity of 25.34%. The firm had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.53 billion. During the same period in the previous year, the firm posted $3.19 EPS. The company’s revenue for the quarter was down .3% compared to the same quarter last year. On average, equities research analysts expect that Constellation Brands, Inc. will post 13.72 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Friday, February 7th. Constellation Brands’s payout ratio is 108.60%.

Analysts Set New Price Targets

Several research firms have recently weighed in on STZ. BNP Paribas began coverage on Constellation Brands in a report on Monday, November 25th. They issued a “neutral” rating and a $261.00 price objective for the company. Argus lowered shares of Constellation Brands from a “buy” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley lowered their price objective on shares of Constellation Brands from $280.00 to $220.00 and set an “overweight” rating on the stock in a research report on Monday. Roth Mkm reiterated a “buy” rating and issued a $298.00 price objective on shares of Constellation Brands in a research report on Friday, October 4th. Finally, Barclays lowered their price objective on shares of Constellation Brands from $282.00 to $214.00 and set an “overweight” rating on the stock in a research report on Tuesday. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $261.40.

Insider Activity at Constellation Brands

In other Constellation Brands news, EVP James A. Jr. Sabia sold 36,086 shares of Constellation Brands stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $242.99, for a total value of $8,768,537.14. Following the completion of the sale, the executive vice president now owns 16,042 shares in the company, valued at $3,898,045.58. The trade was a 69.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO William A. Newlands sold 7,426 shares of Constellation Brands stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $237.24, for a total value of $1,761,744.24. Following the completion of the sale, the chief executive officer now owns 7,274 shares of the company’s stock, valued at $1,725,683.76. This trade represents a 50.52 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 69,172 shares of company stock valued at $16,778,841. 12.19% of the stock is owned by insiders.

Constellation Brands Company Profile

Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company provides beer primarily under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands.