Tributary Capital Management LLC Has $396,000 Stake in Constellation Brands, Inc. (NYSE:STZ)

Tributary Capital Management LLC decreased its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 4.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,791 shares of the company’s stock after selling 85 shares during the quarter. Tributary Capital Management LLC’s holdings in Constellation Brands were worth $396,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of STZ. International Assets Investment Management LLC grew its position in shares of Constellation Brands by 23,184.7% during the 3rd quarter. International Assets Investment Management LLC now owns 499,689 shares of the company’s stock worth $128,765,000 after buying an additional 497,543 shares during the period. State Street Corp grew its position in shares of Constellation Brands by 6.0% during the 3rd quarter. State Street Corp now owns 7,144,428 shares of the company’s stock worth $1,841,048,000 after buying an additional 402,211 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Constellation Brands by 66.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 369,966 shares of the company’s stock worth $81,762,000 after buying an additional 147,457 shares during the period. NFJ Investment Group LLC grew its position in shares of Constellation Brands by 617.3% during the 3rd quarter. NFJ Investment Group LLC now owns 108,382 shares of the company’s stock worth $27,929,000 after buying an additional 93,273 shares during the period. Finally, World Investment Advisors LLC grew its position in shares of Constellation Brands by 4,601.2% during the 3rd quarter. World Investment Advisors LLC now owns 87,771 shares of the company’s stock worth $22,618,000 after buying an additional 85,904 shares during the period. Institutional investors and hedge funds own 77.34% of the company’s stock.

Insider Activity

In related news, CEO William A. Newlands sold 7,426 shares of Constellation Brands stock in a transaction dated Tuesday, October 29th. The stock was 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 approximately $1,725,683.76. This trade represents a 50.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 directly owns 16,042 shares of the company’s stock, valued at approximately $3,898,045.58. This trade represents a 69.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 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.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Argus downgraded shares of Constellation Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. TD Cowen cut their target price on Constellation Brands from $270.00 to $260.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Piper Sandler cut their target price on Constellation Brands from $300.00 to $245.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $203.00 target price (down from $262.00) on shares of Constellation Brands in a report on Monday, January 13th. Finally, Evercore ISI cut their target price on Constellation Brands from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $259.05.

Constellation Brands Trading Up 1.9 %

Shares of Constellation Brands stock opened at $182.99 on Friday. Constellation Brands, Inc. has a 1 year low of $176.51 and a 1 year high of $274.87. The firm has a market cap of $33.07 billion, a PE ratio of 49.19, a P/E/G ratio of 1.58 and a beta of 0.91. The stock has a fifty day moving average price of $221.02 and a 200-day moving average price of $236.43. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46.

Constellation Brands (NYSE:STZ) last announced its earnings results on Friday, January 10th. The company reported $3.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.33 by ($0.08). Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The business had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.53 billion. During the same period in the prior year, the business earned $3.19 earnings per share. The company’s revenue for the quarter was down .3% compared to the same quarter last year. Equities research analysts anticipate that Constellation Brands, Inc. will post 13.52 EPS for the current year.

Constellation Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend is Friday, February 7th. Constellation Brands’s dividend payout ratio is presently 108.60%.

About Constellation Brands

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.