UNIVEST FINANCIAL Corp Decreases Stake in Constellation Brands, Inc. (NYSE:STZ)

UNIVEST FINANCIAL Corp lessened its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 33.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,142 shares of the company’s stock after selling 575 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in Constellation Brands were worth $252,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Mainstream Capital Management LLC purchased a new stake in Constellation Brands during the 4th quarter valued at $25,000. SBI Securities Co. Ltd. purchased a new stake in shares of Constellation Brands during the fourth quarter worth about $26,000. Compagnie Lombard Odier SCmA bought a new stake in shares of Constellation Brands in the fourth quarter worth about $27,000. Union Bancaire Privee UBP SA purchased a new position in Constellation Brands during the 4th quarter valued at about $28,000. Finally, Versant Capital Management Inc raised its position in Constellation Brands by 887.5% during 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 during the last quarter. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Stock Up 3.2 %

Shares of Constellation Brands stock opened at $184.05 on Thursday. The company has a 50-day simple moving average of $177.20 and a two-hundred day simple moving average of $215.67. Constellation Brands, Inc. has a 52-week low of $160.46 and a 52-week high of $274.87. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. The stock has a market capitalization of $33.26 billion, a PE ratio of 49.48, a price-to-earnings-growth ratio of 1.52 and a beta of 0.90.

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 business 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%. The business’s revenue was down .3% compared to the same quarter last year. During the same period last year, the company posted $3.19 earnings per share. On average, analysts anticipate that Constellation Brands, Inc. will post 13.5 EPS 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. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.04 annualized dividend and a yield of 2.20%. Constellation Brands’s payout ratio is 108.60%.

Insiders Place Their Bets

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

Analysts Set New Price Targets

Several research firms have recently issued reports on STZ. Citigroup cut Constellation Brands from a “buy” rating to a “neutral” rating and reduced their target price for the company from $260.00 to $200.00 in a research note on Thursday, March 20th. Roth Capital decreased 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. Truist Financial cut their target price on shares of Constellation Brands from $255.00 to $190.00 and set a “hold” rating on the stock in a research note on Tuesday, January 14th. UBS Group decreased their price target on shares of Constellation Brands from $265.00 to $223.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Finally, Evercore ISI cut their price objective 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. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $250.41.

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.