Constellation Brands, Inc. (NYSE:STZ) Shares Sold by Signaturefd LLC

Signaturefd LLC lowered its holdings in Constellation Brands, Inc. (NYSE:STZ) by 9.4% during the fourth quarter, Holdings Channel reports. The fund owned 969 shares of the company’s stock after selling 101 shares during the quarter. Signaturefd LLC’s holdings in Constellation Brands were worth $214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Mainstream Capital Management LLC acquired a new stake in Constellation Brands during the 4th quarter worth about $25,000. SBI Securities Co. Ltd. purchased a new stake in shares of Constellation Brands in the fourth quarter worth about $26,000. Compagnie Lombard Odier SCmA acquired a new stake in Constellation Brands during the fourth quarter worth about $27,000. Union Bancaire Privee UBP SA purchased a new position in Constellation Brands during the fourth quarter valued at approximately $28,000. Finally, Versant Capital Management Inc lifted its holdings in Constellation Brands by 887.5% in the fourth quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock valued at $35,000 after acquiring an additional 142 shares during the period. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on STZ shares. Citigroup lowered shares of Constellation Brands from a “buy” rating to a “neutral” rating and cut their target price for the company from $260.00 to $200.00 in a report on Thursday. Roth Capital cut their price objective on shares of Constellation Brands from $298.00 to $284.00 and set a “buy” rating for the company in a report on Friday, January 17th. Jefferies Financial Group restated 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. Royal Bank of Canada cut their price target on Constellation Brands from $293.00 to $289.00 and set an “outperform” rating for the company in a research note on Friday, March 7th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $203.00 price target (down previously from $262.00) on shares of Constellation Brands in a research report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $250.41.

Insider Buying and Selling

In other Constellation Brands news, Director William T. Giles purchased 1,000 shares of the firm’s stock in a transaction dated Friday, January 17th. The shares were acquired at an average price of $186.39 per share, with a total value of $186,390.00. Following the purchase, the director now directly owns 1,463 shares in the company, valued at approximately $272,688.57. This trade represents a 215.98 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 12.19% of the stock is currently owned by company insiders.

Constellation Brands Stock Down 0.6 %

STZ stock opened at $177.73 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. The firm has a 50-day moving average of $177.32 and a two-hundred day moving average of $217.28. The company has a market cap of $32.12 billion, a price-to-earnings ratio of 47.78, a PEG ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a 12 month low of $160.46 and a 12 month high of $274.87.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data 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). The firm had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.53 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. During the same quarter in the previous year, the business posted $3.19 earnings per share. Constellation Brands’s revenue for the quarter was down .3% on a year-over-year basis. As a group, analysts forecast that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend was Friday, February 7th. Constellation Brands’s dividend payout ratio is presently 108.60%.

Constellation Brands Company 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.