Constellation Brands, Inc. (NYSE:STZ) Shares Sold by Howland Capital Management LLC

Howland Capital Management LLC trimmed its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 18.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,725 shares of the company’s stock after selling 14,130 shares during the period. Howland Capital Management LLC’s holdings in Constellation Brands were worth $13,862,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of STZ. Diversified Trust Co lifted its position in Constellation Brands by 6.2% during the third quarter. Diversified Trust Co now owns 929 shares of the company’s stock valued at $239,000 after buying an additional 54 shares in the last quarter. Mather Group LLC. lifted its position in shares of Constellation Brands by 13.0% during the third quarter. Mather Group LLC. now owns 703 shares of the company’s stock worth $181,000 after purchasing an additional 81 shares in the last quarter. Wedmont Private Capital lifted its position in shares of Constellation Brands by 30.3% during the third quarter. Wedmont Private Capital now owns 2,011 shares of the company’s stock worth $489,000 after purchasing an additional 468 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Constellation Brands by 5.5% during the third quarter. UMB Bank n.a. now owns 7,265 shares of the company’s stock worth $1,872,000 after purchasing an additional 381 shares in the last quarter. Finally, Independence Bank of Kentucky lifted its position in shares of Constellation Brands by 39.4% during the third quarter. Independence Bank of Kentucky now owns 3,400 shares of the company’s stock worth $876,000 after purchasing an additional 961 shares in the last quarter. 77.34% of the stock is owned by institutional investors and hedge funds.

Constellation Brands Stock Down 1.1 %

Constellation Brands stock opened at $169.05 on Friday. The company has a 50-day simple moving average of $208.85 and a 200-day simple moving average of $231.37. The firm has a market capitalization of $30.55 billion, a P/E ratio of 45.44, a P/E/G ratio of 1.51 and a beta of 0.90. 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 one year low of $166.02 and a one year high of $274.87.

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 analysts’ consensus estimates of $3.33 by ($0.08). The company 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 6.27% and a return on equity of 26.55%. The business’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.19 EPS. As a group, equities analysts expect that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Announces Dividend

The business 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 $1.01 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a yield of 2.39%. Constellation Brands’s dividend payout ratio is presently 108.60%.

Insider Activity at Constellation Brands

In other Constellation Brands news, major shareholder Wildstar Partners Llc sold 660 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $241.00, for a total value of $159,060.00. Following the completion of the sale, the insider now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William T. Giles purchased 1,000 shares of the business’s stock in a transaction on Friday, January 17th. The stock was acquired at an average cost of $186.39 per share, with a total value of $186,390.00. Following the completion of the acquisition, the director now directly owns 1,463 shares in the company, valued at $272,688.57. The trade was a 215.98 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 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.

Wall Street Analyst Weigh In

STZ has been the topic of a number of recent research reports. Needham & Company LLC reissued a “buy” rating and set a $240.00 target price on shares of Constellation Brands in a research report on Monday, January 27th. Roth Capital reduced their target price on shares of Constellation Brands from $298.00 to $284.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. BMO Capital Markets cut their price target on shares of Constellation Brands from $315.00 to $305.00 and set an “outperform” rating on the stock in a report on Tuesday, October 15th. Barclays cut their price target on shares of Constellation Brands from $282.00 to $214.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Finally, Truist Financial cut their price target on shares of Constellation Brands from $255.00 to $190.00 and set a “hold” rating on the stock in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Constellation Brands currently has a consensus 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.