Exencial Wealth Advisors LLC Sells 31,755 Shares of Constellation Brands, Inc. (NYSE:STZ)

Exencial Wealth Advisors LLC trimmed its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 92.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,728 shares of the company’s stock after selling 31,755 shares during the period. Exencial Wealth Advisors LLC’s holdings in Constellation Brands were worth $603,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Farther Finance Advisors LLC raised its stake in Constellation Brands by 22.7% in the third quarter. Farther Finance Advisors LLC now owns 812 shares of the company’s stock worth $209,000 after buying an additional 150 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Constellation Brands by 2.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 9,995 shares of the company’s stock worth $2,576,000 after buying an additional 237 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in Constellation Brands by 2.3% in the third quarter. Asset Management One Co. Ltd. now owns 61,102 shares of the company’s stock worth $15,745,000 after buying an additional 1,377 shares in the last quarter. HMS Capital Management LLC raised its stake in Constellation Brands by 8.2% in the third quarter. HMS Capital Management LLC now owns 3,060 shares of the company’s stock worth $789,000 after buying an additional 232 shares in the last quarter. Finally, 1834 Investment Advisors Co. raised its stake in Constellation Brands by 10.2% in the third quarter. 1834 Investment Advisors Co. now owns 1,586 shares of the company’s stock worth $409,000 after buying an additional 147 shares in the last quarter. 77.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on STZ. StockNews.com upgraded shares of Constellation Brands from a “sell” rating to a “hold” rating in a report on Thursday. BNP Paribas began coverage on shares of Constellation Brands in a report on Monday, November 25th. They set a “neutral” rating and a $261.00 target price for the company. JPMorgan Chase & Co. reissued a “neutral” rating and set a $203.00 price target (down previously from $262.00) on shares of Constellation Brands in a research report on Monday, January 13th. Evercore ISI reduced their price target on shares of Constellation Brands from $300.00 to $250.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Finally, UBS Group reduced 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 report on Friday, January 17th. Eleven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $253.43.

Insiders Place Their Bets

In related news, Director William T. Giles purchased 1,000 shares of the firm’s stock in a transaction on Friday, January 17th. The shares were acquired at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the purchase, the director now directly owns 1,463 shares in the company, valued at $272,688.57. This trade represents a 215.98 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 12.19% of the company’s stock.

Constellation Brands Stock Up 0.9 %

STZ opened at $174.08 on Thursday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. Constellation Brands, Inc. has a fifty-two week low of $160.46 and a fifty-two week high of $274.87. The firm’s fifty day moving average is $185.90 and its 200 day moving average is $222.14. The stock has a market cap of $31.46 billion, a price-to-earnings ratio of 46.79, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last released its earnings results on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The firm had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.53 billion. During the same quarter last year, the firm posted $3.19 EPS. The firm’s quarterly revenue was down .3% compared to the same quarter last year. On average, sell-side analysts forecast that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend was Friday, February 7th. Constellation Brands’s payout ratio is currently 108.60%.

Constellation Brands Company 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.