Constellation Brands, Inc. (NYSE:STZ) Shares Sold by Dover Advisors LLC

Dover Advisors LLC lessened its stake in Constellation Brands, Inc. (NYSE:STZ) by 2.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,732 shares of the company’s stock after selling 112 shares during the period. Dover Advisors LLC’s holdings in Constellation Brands were worth $825,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Birchcreek Wealth Management LLC purchased a new stake in shares of Constellation Brands in the 4th quarter valued at $215,000. South Dakota Investment Council grew its position in Constellation Brands by 11.4% in the 4th quarter. South Dakota Investment Council now owns 13,638 shares of the company’s stock valued at $3,014,000 after acquiring an additional 1,400 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in Constellation Brands during the fourth quarter worth about $28,000. MONECO Advisors LLC lifted its position in shares of Constellation Brands by 18.2% during the fourth quarter. MONECO Advisors LLC now owns 1,441 shares of the company’s stock worth $319,000 after purchasing an additional 222 shares in the last quarter. Finally, Cohen Capital Management Inc. lifted its position in shares of Constellation Brands by 0.9% during the fourth quarter. Cohen Capital Management Inc. now owns 46,493 shares of the company’s stock worth $10,275,000 after purchasing an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Insider Activity

In related news, Director William T. Giles purchased 1,000 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were purchased at an average price 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 in the company, valued at $272,688.57. This represents a 215.98 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 12.19% of the company’s stock.

Constellation Brands Stock Up 2.1 %

Shares of NYSE STZ opened at $176.00 on Monday. The business has a 50-day moving average price of $194.29 and a 200 day moving average price of $225.71. The stock has a market cap of $31.81 billion, a PE ratio of 47.31, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. Constellation Brands, Inc. has a 52-week low of $160.46 and a 52-week high of $274.87.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Friday, January 10th. The company reported $3.25 earnings per share 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 analyst estimates 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 was down .3% compared to the same quarter last year. During the same period in the previous year, the company posted $3.19 earnings per share. Equities research analysts forecast that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $1.01 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a yield of 2.30%. Constellation Brands’s dividend payout ratio is presently 108.60%.

Wall Street Analysts Forecast Growth

STZ has been the topic of several recent research reports. Evercore ISI cut their target price on shares of Constellation Brands from $300.00 to $250.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Wells Fargo & Company cut their price objective on Constellation Brands from $295.00 to $275.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Needham & Company LLC reiterated a “buy” rating and issued a $240.00 target price on shares of Constellation Brands in a report on Monday, January 27th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $203.00 target price (down from $262.00) on shares of Constellation Brands in a research note on Monday, January 13th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $293.00 price target on shares of Constellation Brands in a research report on Monday, February 3rd. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Constellation Brands currently 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.