Plimoth Trust Co. LLC Buys 261 Shares of Constellation Brands, Inc. (NYSE:STZ)

Plimoth Trust Co. LLC grew its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,860 shares of the company’s stock after buying an additional 261 shares during the period. Plimoth Trust Co. LLC’s holdings in Constellation Brands were worth $1,516,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Oakworth Capital Inc. lifted its holdings in shares of Constellation Brands by 4.4% during the 3rd quarter. Oakworth Capital Inc. now owns 989 shares of the company’s stock valued at $255,000 after purchasing an additional 42 shares in the last quarter. PFG Investments LLC lifted its holdings in shares of Constellation Brands by 3.8% during the 3rd quarter. PFG Investments LLC now owns 1,150 shares of the company’s stock valued at $296,000 after purchasing an additional 42 shares in the last quarter. Metis Global Partners LLC lifted its holdings in shares of Constellation Brands by 0.8% during the 3rd quarter. Metis Global Partners LLC now owns 5,570 shares of the company’s stock valued at $1,435,000 after purchasing an additional 46 shares in the last quarter. Rosenberg Matthew Hamilton lifted its holdings in shares of Constellation Brands by 6.2% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 858 shares of the company’s stock valued at $221,000 after purchasing an additional 50 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL lifted its holdings in shares of Constellation Brands by 4.6% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 1,158 shares of the company’s stock valued at $298,000 after purchasing an additional 51 shares in the last quarter. Institutional investors own 77.34% of the company’s stock.

Analyst Upgrades and Downgrades

STZ has been the topic of several recent analyst reports. Evercore ISI cut their price objective on Constellation Brands from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $308.00 price target on shares of Constellation Brands in a research report on Tuesday, January 7th. Roth Capital lowered their price target on Constellation Brands from $298.00 to $284.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Needham & Company LLC reissued a “buy” rating and set a $240.00 target price on shares of Constellation Brands in a report on Monday. Finally, BMO Capital Markets decreased their target price on Constellation Brands from $315.00 to $305.00 and set an “outperform” rating on the stock in a report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Constellation Brands has a consensus rating of “Moderate Buy” and a consensus target price of $257.14.

Insider Activity at Constellation Brands

In other Constellation Brands news, CEO William A. Newlands sold 25,000 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $243.58, for a total value of $6,089,500.00. Following the completion of the sale, the chief executive officer now directly owns 7,274 shares of the company’s stock, valued at $1,771,800.92. This trade represents a 77.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP James A. Jr. Sabia sold 36,086 shares of the firm’s stock in a transaction on 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 $3,898,045.58. This represents a 69.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 61,746 shares of company stock worth $15,017,097 in the last 90 days. Corporate insiders own 12.19% of the company’s stock.

Constellation Brands Trading Down 0.3 %

Shares of STZ stock traded down $0.50 on Wednesday, hitting $182.59. The company had a trading volume of 136,080 shares, compared to its average volume of 2,831,094. The firm has a market cap of $33.00 billion, a P/E ratio of 49.08, a P/E/G ratio of 1.58 and a beta of 0.91. The stock’s 50-day moving average is $218.87 and its two-hundred day moving average is $235.16. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. Constellation Brands, Inc. has a twelve month low of $176.51 and a twelve month high of $274.87.

Constellation Brands (NYSE:STZ) last announced its earnings results on Friday, January 10th. The company reported $3.25 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 the consensus estimate of $2.53 billion. During the same quarter in the previous year, the company earned $3.19 EPS. The firm’s revenue for the quarter was down .3% on a year-over-year basis. On average, equities research analysts anticipate that Constellation Brands, Inc. will post 13.52 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

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 dividend yield of 2.21%. Constellation Brands’s payout ratio is 108.60%.

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.