City Holding Co. Acquires 718 Shares of Constellation Brands, Inc. (NYSE:STZ)

City Holding Co. lifted its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 5.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,628 shares of the company’s stock after purchasing an additional 718 shares during the quarter. City Holding Co.’s holdings in Constellation Brands were worth $3,012,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of STZ. Smith Salley Wealth Management lifted its stake in Constellation Brands by 1.8% in the fourth quarter. Smith Salley Wealth Management now owns 71,277 shares of the company’s stock valued at $15,752,000 after buying an additional 1,270 shares in the last quarter. Ameritas Advisory Services LLC lifted its position in Constellation Brands by 2.3% in the 4th quarter. Ameritas Advisory Services LLC now owns 5,928 shares of the company’s stock valued at $1,310,000 after acquiring an additional 134 shares in the last quarter. HB Wealth Management LLC boosted its stake in Constellation Brands by 24.3% in the 4th quarter. HB Wealth Management LLC now owns 5,262 shares of the company’s stock worth $1,163,000 after purchasing an additional 1,028 shares during the period. Premier Path Wealth Partners LLC increased its holdings in Constellation Brands by 9.4% during the 4th quarter. Premier Path Wealth Partners LLC now owns 5,642 shares of the company’s stock worth $1,247,000 after purchasing an additional 485 shares in the last quarter. Finally, Sanibel Captiva Trust Company Inc. increased its holdings in Constellation Brands by 7.5% during the 4th quarter. Sanibel Captiva Trust Company Inc. now owns 16,356 shares of the company’s stock worth $3,615,000 after purchasing an additional 1,147 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on STZ shares. Barclays reduced their price objective on Constellation Brands from $282.00 to $214.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Bank of America reaffirmed a “neutral” rating and set a $255.00 price target (down previously from $300.00) on shares of Constellation Brands in a research report on Monday, October 7th. BNP Paribas started coverage on shares of Constellation Brands in a report on Monday, November 25th. They issued a “neutral” rating and a $261.00 price objective on the stock. Needham & Company LLC reissued a “buy” rating and issued a $280.00 price objective on shares of Constellation Brands in a research report on Friday, January 10th. Finally, Truist Financial decreased their target price on shares of Constellation Brands from $255.00 to $190.00 and set a “hold” rating for the company in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Constellation Brands currently has a consensus rating of “Moderate Buy” and a consensus price target of $259.05.

Constellation Brands Price Performance

Shares of NYSE:STZ opened at $184.05 on Monday. The firm has a 50 day moving average of $226.75 and a 200-day moving average of $238.82. Constellation Brands, Inc. has a 12 month low of $176.51 and a 12 month high of $274.87. The company has a current ratio of 1.25, a quick ratio of 0.53 and a debt-to-equity ratio of 1.31. The stock has a market capitalization of $33.26 billion, a PE ratio of 49.48, a PEG ratio of 1.28 and a beta of 1.75.

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

Constellation Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a dividend of $1.01 per share. The ex-dividend date is Friday, February 7th. This represents a $4.04 annualized dividend and a yield of 2.20%. Constellation Brands’s dividend payout ratio is presently 108.60%.

Insiders Place Their Bets

In other Constellation Brands news, major shareholder Wildstar Partners Llc sold 660 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $241.00, for a total transaction of $159,060.00. Following the completion of the sale, the insider now owns 1,736,884 shares of the company’s stock, valued at approximately $418,589,044. This represents a 0.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP James A. Jr. Sabia sold 36,086 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $242.99, for a total transaction of $8,768,537.14. Following the completion of the transaction, the executive vice president now owns 16,042 shares in the company, valued at $3,898,045.58. This trade represents a 69.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 69,172 shares of company stock valued at $16,778,841 in the last ninety days. 12.19% of the stock is currently owned by insiders.

Constellation Brands 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.