Moors & Cabot Inc. Trims Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

Moors & Cabot Inc. decreased its stake in Constellation Brands, Inc. (NYSE:STZ) by 41.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 18,782 shares of the company’s stock after selling 13,359 shares during the period. Moors & Cabot Inc.’s holdings in Constellation Brands were worth $4,151,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of STZ. Mainstream Capital Management LLC purchased a new stake in Constellation Brands in the fourth quarter worth about $25,000. SBI Securities Co. Ltd. purchased a new stake in Constellation Brands in the fourth quarter worth about $26,000. Compagnie Lombard Odier SCmA purchased a new stake in Constellation Brands in the fourth quarter worth about $27,000. Union Bancaire Privee UBP SA purchased a new stake in Constellation Brands in the fourth quarter worth about $28,000. Finally, Versant Capital Management Inc increased its position in Constellation Brands by 887.5% in the fourth quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock worth $35,000 after buying an additional 142 shares in the last quarter. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Constellation Brands Price Performance

NYSE:STZ opened at $185.57 on Wednesday. The firm has a market capitalization of $33.54 billion, a price-to-earnings ratio of 49.88, a PEG ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a 1 year low of $160.46 and a 1 year high of $274.87. The business has a 50 day simple moving average of $182.96 and a 200-day simple moving average of $220.33. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46.

Constellation Brands (NYSE:STZ) last posted 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 company had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.53 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. Constellation Brands’s revenue for the quarter was down .3% on a year-over-year basis. During the same period in the previous year, the business earned $3.19 earnings per share. Equities analysts forecast that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $1.01 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.04 annualized dividend and a dividend yield of 2.18%. Constellation Brands’s payout ratio is 108.60%.

Insider Transactions at Constellation Brands

In other Constellation Brands news, Director William T. Giles purchased 1,000 shares of Constellation Brands stock in a transaction dated Friday, January 17th. The shares were purchased at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the completion of the acquisition, 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 acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 12.19% of the company’s stock.

Analyst Upgrades and Downgrades

STZ has been the subject of a number of recent analyst reports. Morgan Stanley lowered Constellation Brands from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $220.00 to $202.00 in a research note on Thursday, February 27th. Roth Capital dropped their price objective on Constellation Brands from $298.00 to $284.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Truist Financial dropped their price objective on Constellation Brands from $255.00 to $190.00 and set a “hold” rating for the company in a research note on Tuesday, January 14th. Evercore ISI dropped their price objective on Constellation Brands from $300.00 to $250.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $240.00 price objective on shares of Constellation Brands in a research note on Monday, January 27th. Eleven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Constellation Brands currently has a consensus rating of “Moderate Buy” and an average target price of $253.24.

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.