Constellation Brands, Inc. (NYSE:STZ) Shares Sold by Davidson Investment Advisors

Davidson Investment Advisors decreased its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 0.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 86,997 shares of the company’s stock after selling 756 shares during the quarter. Davidson Investment Advisors’ holdings in Constellation Brands were worth $19,226,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Kentucky Retirement Systems Insurance Trust Fund boosted its holdings in shares of Constellation Brands by 27.2% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,900 shares of the company’s stock worth $1,304,000 after purchasing an additional 1,261 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in Constellation Brands by 1.0% in the fourth quarter. D.A. Davidson & CO. now owns 57,659 shares of the company’s stock valued at $12,743,000 after acquiring an additional 572 shares during the last quarter. Empower Advisory Group LLC boosted its holdings in Constellation Brands by 19.1% in the fourth quarter. Empower Advisory Group LLC now owns 1,584 shares of the company’s stock valued at $350,000 after acquiring an additional 254 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in Constellation Brands by 4.4% in the fourth quarter. CIBC Asset Management Inc now owns 24,718 shares of the company’s stock valued at $5,463,000 after acquiring an additional 1,042 shares during the last quarter. Finally, Philip James Wealth Mangement LLC raised its position in Constellation Brands by 8.0% in the fourth quarter. Philip James Wealth Mangement LLC now owns 923 shares of the company’s stock valued at $204,000 after purchasing an additional 68 shares during the period. Institutional investors and hedge funds own 77.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on STZ shares. Barclays cut their price objective on Constellation Brands from $282.00 to $214.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Morgan Stanley cut their price objective on Constellation Brands from $280.00 to $220.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. Truist Financial cut their price objective on Constellation Brands from $255.00 to $190.00 and set a “hold” rating on the stock in a research report on Tuesday, January 14th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $203.00 target price (down from $262.00) on shares of Constellation Brands in a research report on Monday, January 13th. Finally, BNP Paribas assumed coverage on Constellation Brands in a research report on Monday, November 25th. They set a “neutral” rating and a $261.00 target price on the stock. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Constellation Brands presently has an average rating of “Moderate Buy” and an average target price of $254.29.

Insider Buying and Selling at Constellation Brands

In related news, Director William T. Giles purchased 1,000 shares of the stock in a transaction dated Friday, January 17th. The shares were acquired at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the acquisition, the director now directly owns 1,463 shares in the company, valued at approximately $272,688.57. The trade was a 215.98 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Wildstar Partners Llc sold 660 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $241.00, for a total transaction of $159,060.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 12.19% of the company’s stock.

Constellation Brands Price Performance

NYSE STZ opened at $162.69 on Tuesday. The stock has a market capitalization of $29.40 billion, a P/E ratio of 43.73, a P/E/G ratio of 1.51 and a beta of 0.90. Constellation Brands, Inc. has a 1 year low of $160.46 and a 1 year high of $274.87. The business’s fifty day moving average is $201.35 and its two-hundred day moving average is $228.19. 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 posted its quarterly 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 company had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.53 billion. During the same period in the prior year, the company posted $3.19 EPS. Constellation Brands’s quarterly revenue was down .3% on a year-over-year basis. On average, research analysts forecast that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend is Friday, February 7th. Constellation Brands’s dividend payout ratio (DPR) is currently 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.