Oak Harvest Investment Services Has $2.14 Million Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

Oak Harvest Investment Services lowered its stake in Constellation Brands, Inc. (NYSE:STZ) by 17.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,683 shares of the company’s stock after selling 2,020 shares during the quarter. Oak Harvest Investment Services’ holdings in Constellation Brands were worth $2,140,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of STZ. Union Bancaire Privee UBP SA acquired a new stake in Constellation Brands during the 4th quarter valued at $28,000. Versant Capital Management Inc boosted its holdings in shares of Constellation Brands by 887.5% in the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock valued at $35,000 after purchasing an additional 142 shares in the last quarter. Eastern Bank bought a new position in shares of Constellation Brands in the third quarter worth about $39,000. FSA Wealth Management LLC bought a new position in shares of Constellation Brands in the 3rd quarter valued at $42,000. Finally, Truvestments Capital LLC bought a new stake in shares of Constellation Brands during the third quarter worth about $60,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on STZ shares. StockNews.com lowered shares of Constellation Brands from a “hold” rating to a “sell” rating in a report on Tuesday. Wells Fargo & Company dropped their price objective on shares of Constellation Brands from $295.00 to $275.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Barclays decreased their price target on Constellation Brands from $282.00 to $214.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Morgan Stanley decreased their target price on Constellation Brands from $280.00 to $220.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $201.00 target price (down from $310.00) on shares of Constellation Brands in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Constellation Brands presently has an average rating of “Moderate Buy” and a consensus price target of $257.14.

Constellation Brands Stock Up 1.1 %

Shares of NYSE STZ opened at $184.32 on Friday. The stock has a market capitalization of $33.31 billion, a PE ratio of 49.55, a price-to-earnings-growth ratio of 1.60 and a beta of 0.91. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. Constellation Brands, Inc. has a 12-month low of $176.51 and a 12-month high of $274.87. The stock’s fifty day simple moving average is $217.72 and its two-hundred day simple moving average is $234.79.

Constellation Brands (NYSE:STZ) last released 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). The firm had revenue of $2.46 billion during the quarter, compared to analysts’ expectations 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 for the quarter was down .3% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.19 earnings per share. As a group, analysts expect that Constellation Brands, Inc. will post 13.52 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently announced 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 of this dividend is Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.19%. Constellation Brands’s dividend payout ratio (DPR) is 108.60%.

Insider Activity at Constellation Brands

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 transaction of $159,060.00. Following the sale, the insider now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William T. Giles bought 1,000 shares of the stock in a transaction dated Friday, January 17th. The stock was bought at an average price of $186.39 per share, with a total value of $186,390.00. Following 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 disclosure for this purchase can be found here. In the last ninety days, insiders sold 61,746 shares of company stock valued at $15,017,097. 12.19% of the stock is owned by insiders.

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.