LVW Advisors LLC Trims Stock Position in Constellation Brands, Inc. (NYSE:STZ)

LVW Advisors LLC cut its position in Constellation Brands, Inc. (NYSE:STZ) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,025 shares of the company’s stock after selling 129 shares during the quarter. LVW Advisors LLC’s holdings in Constellation Brands were worth $448,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Versant Capital Management Inc grew its stake 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 during the last quarter. Eastern Bank purchased a new stake in shares of Constellation Brands during the 3rd quarter worth approximately $39,000. FSA Wealth Management LLC acquired a new stake in Constellation Brands in the third quarter valued at $42,000. Truvestments Capital LLC acquired a new stake in Constellation Brands in the 3rd quarter valued at about $60,000. Finally, Continuum Advisory LLC grew its position in shares of Constellation Brands by 68.0% in the third quarter. Continuum Advisory LLC now owns 252 shares of the company’s stock valued at $61,000 after purchasing an additional 102 shares during the last quarter. 77.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Roth Mkm reiterated a “buy” rating and set a $298.00 price objective on shares of Constellation Brands in a research report on Friday, October 4th. Needham & Company LLC restated a “buy” rating and set a $280.00 price objective on shares of Constellation Brands in a report on Friday, January 10th. Piper Sandler dropped their target price on shares of Constellation Brands from $300.00 to $245.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Roth Capital cut their price objective on Constellation Brands from $298.00 to $284.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Barclays dropped their price objective on shares of Constellation Brands from $282.00 to $214.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $259.05.

Insider Buying and Selling

In related news, CEO William A. Newlands sold 7,426 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $237.24, for a total value of $1,761,744.24. Following the sale, the chief executive officer now directly owns 7,274 shares in the company, valued at $1,725,683.76. The trade was a 50.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Wildstar Partners Llc sold 660 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total value of $159,060.00. Following the sale, the insider now directly owns 1,736,884 shares of the company’s stock, valued at approximately $418,589,044. This represents a 0.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 69,172 shares of company stock valued at $16,778,841 over the last quarter. Corporate insiders own 12.19% of the company’s stock.

Constellation Brands Price Performance

Shares of STZ opened at $184.05 on Tuesday. Constellation Brands, Inc. has a 12 month low of $176.51 and a 12 month high of $274.87. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.25 and a quick ratio of 0.53. The stock has a fifty day moving average price of $226.75 and a 200 day moving average price of $238.74. The company has a market cap of $33.42 billion, a P/E ratio of 49.48, a PEG ratio of 1.28 and a beta of 0.91.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.08). Constellation Brands had a net margin of 5.29% and a return on equity of 25.34%. The firm 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 business posted $3.19 EPS. Constellation Brands’s revenue for the quarter was down .3% compared to the same quarter last year. On average, research analysts forecast that Constellation Brands, Inc. will post 13.72 earnings per share for the current year.

Constellation Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders 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 2.20%. Constellation Brands’s dividend payout ratio (DPR) is 108.60%.

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.