WealthPLAN Partners LLC lessened its stake in Constellation Brands, Inc. (NYSE:STZ – Free Report) by 22.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,749 shares of the company’s stock after selling 2,850 shares during the period. WealthPLAN Partners LLC’s holdings in Constellation Brands were worth $2,154,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Grimes & Company Inc. bought a new position in shares of Constellation Brands during the fourth quarter worth about $6,099,000. Van ECK Associates Corp raised its stake in Constellation Brands by 1,844.7% during the fourth quarter. Van ECK Associates Corp now owns 924,274 shares of the company’s stock valued at $204,265,000 after buying an additional 876,745 shares in the last quarter. Southern Style Financial Inc. acquired a new stake in Constellation Brands during the fourth quarter valued at approximately $3,074,000. Paloma Partners Management Co increased its holdings in shares of Constellation Brands by 568.4% in the 3rd quarter. Paloma Partners Management Co now owns 30,000 shares of the company’s stock valued at $7,731,000 after acquiring an additional 25,512 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its holdings in shares of Constellation Brands by 3.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 84,204 shares of the company’s stock valued at $21,699,000 after acquiring an additional 2,980 shares during the last quarter. Institutional investors own 77.34% of the company’s stock.
Insider Activity
In related news, major shareholder Wildstar Partners Llc sold 660 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 1,736,884 shares in the company, 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 the SEC website. Also, Director William T. Giles purchased 1,000 shares of Constellation Brands stock in a transaction that occurred on Friday, January 17th. The stock was purchased at an average price of $186.39 per share, with a total value of $186,390.00. Following the transaction, the director now owns 1,463 shares in the company, valued at $272,688.57. This represents a 215.98 % increase in their position. The disclosure for this purchase can be found here. Insiders own 12.19% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Stock Report on STZ
Constellation Brands Trading Down 0.3 %
Shares of Constellation Brands stock opened at $162.69 on Friday. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. The firm has a market cap of $29.40 billion, a price-to-earnings ratio of 43.73, a price-to-earnings-growth ratio of 1.51 and a beta of 0.90. The business has a fifty day simple moving average of $202.88 and a 200-day simple moving average of $228.99. Constellation Brands, Inc. has a fifty-two week low of $160.46 and a fifty-two week high of $274.87.
Constellation Brands (NYSE:STZ – Get Free Report) last issued its quarterly 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). The business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.53 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. Constellation Brands’s revenue was down .3% compared to the same quarter last year. During the same quarter last year, the firm posted $3.19 earnings per share. On average, equities analysts forecast that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.
Constellation Brands Dividend Announcement
The business also recently disclosed 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. The ex-dividend date is Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.48%. Constellation Brands’s dividend payout ratio (DPR) is presently 108.60%.
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.
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