Constellation Brands, Inc. (NYSE:STZ) Shares Sold by Bleakley Financial Group LLC

Bleakley Financial Group LLC lowered its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 8.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,637 shares of the company’s stock after selling 240 shares during the quarter. Bleakley Financial Group LLC’s holdings in Constellation Brands were worth $583,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of STZ. Union Bancaire Privee UBP SA bought a new position in Constellation Brands during the fourth quarter worth $28,000. Eastern Bank acquired a new stake in shares of Constellation Brands during the third quarter worth $39,000. Versant Capital Management Inc lifted its position in shares of Constellation Brands by 887.5% in the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock worth $35,000 after buying an additional 142 shares during the last quarter. FSA Wealth Management LLC acquired a new position in shares of Constellation Brands in the 3rd quarter valued at about $42,000. Finally, Truvestments Capital LLC bought a new stake in shares of Constellation Brands during the 3rd quarter valued at about $60,000. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Stock Performance

Shares of NYSE STZ opened at $169.05 on Monday. Constellation Brands, Inc. has a 1 year low of $166.02 and a 1 year high of $274.87. The firm has a market cap of $30.55 billion, a P/E ratio of 45.44, a PEG ratio of 1.51 and a beta of 0.90. The stock has a fifty day moving average price of $208.85 and a two-hundred day moving average price of $231.27. 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 (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). The firm had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.53 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. During the same period in the prior year, the business earned $3.19 EPS. The company’s quarterly revenue was down .3% compared to the same quarter last year. Research analysts forecast that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a $1.01 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.04 annualized dividend and a dividend yield of 2.39%. Constellation Brands’s dividend payout ratio is currently 108.60%.

Insider Buying and Selling

In related news, Director William T. Giles purchased 1,000 shares of the company’s stock in a transaction on Friday, January 17th. The shares were bought at an average price of $186.39 per share, with a total value of $186,390.00. Following the completion of the acquisition, the director now owns 1,463 shares of the company’s stock, valued at approximately $272,688.57. This represents a 215.98 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Wildstar Partners Llc sold 660 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $241.00, for a total value of $159,060.00. Following the sale, the insider now owns 1,736,884 shares of the company’s stock, valued at $418,589,044. This trade represents a 0.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 61,746 shares of company stock worth $15,017,097 in the last ninety days. 12.19% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. BNP Paribas initiated coverage on shares of Constellation Brands in a report on Monday, November 25th. They issued a “neutral” rating and a $261.00 target price on the stock. StockNews.com downgraded Constellation Brands from a “hold” rating to a “sell” rating in a report on Wednesday, February 5th. Morgan Stanley lowered their price objective on Constellation Brands from $280.00 to $220.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. 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 research note on Monday, January 13th. Finally, BMO Capital Markets lowered their price target on shares of Constellation Brands from $315.00 to $305.00 and set an “outperform” rating for the company in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Constellation Brands currently has an average rating of “Moderate Buy” and an average price target of $254.29.

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.