Lindbrook Capital LLC Cuts Stake in Constellation Brands, Inc. (NYSE:STZ)

Lindbrook Capital LLC cut its stake in Constellation Brands, Inc. (NYSE:STZ) by 20.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 265 shares of the company’s stock after selling 68 shares during the quarter. Lindbrook Capital LLC’s holdings in Constellation Brands were worth $59,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. State Street Corp raised its position in Constellation Brands by 6.0% in the third quarter. State Street Corp now owns 7,144,428 shares of the company’s stock valued at $1,841,048,000 after purchasing an additional 402,211 shares during the period. Janus Henderson Group PLC raised its position in Constellation Brands by 1.2% in the third quarter. Janus Henderson Group PLC now owns 1,853,081 shares of the company’s stock valued at $477,515,000 after purchasing an additional 21,454 shares during the period. Charles Schwab Investment Management Inc. raised its position in Constellation Brands by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,782,964 shares of the company’s stock valued at $394,035,000 after purchasing an additional 38,786 shares during the period. Van ECK Associates Corp raised its position in Constellation Brands by 1,844.7% in the fourth quarter. Van ECK Associates Corp now owns 924,274 shares of the company’s stock valued at $204,265,000 after purchasing an additional 876,745 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Constellation Brands in the fourth quarter valued at about $105,766,000. 77.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

STZ has been the topic of a number of analyst reports. Roth Capital dropped their target price 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. Argus lowered Constellation Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Jefferies Financial Group reaffirmed a “hold” rating and set a $201.00 target price (down from $310.00) on shares of Constellation Brands in a research report on Monday, January 13th. UBS Group dropped their target price on Constellation Brands from $265.00 to $223.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Finally, Evercore ISI dropped their target price on Constellation Brands from $300.00 to $250.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Eleven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Constellation Brands currently has a consensus rating of “Moderate Buy” and a consensus target price of $253.24.

Constellation Brands Stock Performance

Shares of STZ stock opened at $186.64 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 business has a 50 day moving average of $184.27 and a two-hundred day moving average of $221.29. Constellation Brands, Inc. has a 52 week low of $160.46 and a 52 week high of $274.87. The company has a market cap of $33.73 billion, a P/E ratio of 50.17, a PEG ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last issued its earnings results on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $2.53 billion. During the same quarter in the previous year, the firm earned $3.19 earnings per share. The business’s revenue was down .3% on a year-over-year basis. As a group, analysts anticipate that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $1.01 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a yield of 2.16%. Constellation Brands’s payout ratio is currently 108.60%.

Insider Buying and Selling at Constellation Brands

In other Constellation Brands news, Director William T. Giles purchased 1,000 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $272,688.57. This represents a 215.98 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 12.19% of the stock is currently owned by insiders.

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.