Schear Investment Advisers LLC Has $825,000 Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

Schear Investment Advisers LLC reduced its stake in Constellation Brands, Inc. (NYSE:STZ) by 9.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,732 shares of the company’s stock after selling 409 shares during the period. Schear Investment Advisers LLC’s holdings in Constellation Brands were worth $825,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Union Bancaire Privee UBP SA acquired a new position in Constellation Brands in the 4th quarter valued at about $28,000. Versant Capital Management Inc grew its position in shares of 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 purchasing an additional 142 shares during the last quarter. Eastern Bank bought a new position in shares of Constellation Brands during the third quarter worth approximately $39,000. FSA Wealth Management LLC acquired a new stake in Constellation Brands during the 3rd quarter worth approximately $42,000. Finally, Stonebridge Financial Group LLC acquired a new stake in Constellation Brands during the 4th quarter worth approximately $55,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Constellation Brands

In other news, CEO William A. Newlands sold 25,000 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $243.58, for a total transaction of $6,089,500.00. Following the completion of the sale, the chief executive officer now directly owns 7,274 shares in the company, valued at $1,771,800.92. This represents a 77.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William T. Giles bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The stock was purchased at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the acquisition, the director now owns 1,463 shares of the company’s stock, valued at $272,688.57. This trade represents a 215.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 61,746 shares of company stock worth $15,017,097 over the last ninety days. 12.19% of the stock is owned by insiders.

Constellation Brands Stock Performance

Constellation Brands stock opened at $164.59 on Wednesday. The business has a 50 day moving average of $207.40 and a 200-day moving average of $230.56. 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, Inc. has a 1 year low of $161.00 and a 1 year high of $274.87. The company has a market capitalization of $29.75 billion, a P/E ratio of 44.24, a P/E/G ratio of 1.51 and a beta of 0.90.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). The business 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%. Constellation Brands’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter last year, the firm posted $3.19 EPS. On average, equities research analysts predict that Constellation Brands, Inc. will post 13.5 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. Stockholders of record on Friday, February 7th will be paid a $1.01 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.04 annualized dividend and a dividend yield of 2.45%. Constellation Brands’s payout ratio is 108.60%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Barclays lowered their price objective on Constellation Brands from $282.00 to $214.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $240.00 price target on shares of Constellation Brands in a research report on Monday, January 27th. 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. TD Cowen lowered their target price on shares of Constellation Brands from $270.00 to $260.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Finally, Wells Fargo & Company cut their price target on Constellation Brands from $295.00 to $275.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Constellation Brands presently has a consensus rating of “Moderate Buy” and a consensus target price of $254.29.

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.