Vestcor Inc Has $876,000 Stock Position in Constellation Brands, Inc. (NYSE:STZ)

Vestcor Inc reduced its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 90.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,963 shares of the company’s stock after selling 38,404 shares during the quarter. Vestcor Inc’s holdings in Constellation Brands were worth $876,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of STZ. Oppenheimer & Co. Inc. lifted its stake in shares of Constellation Brands by 35.0% in the third quarter. Oppenheimer & Co. Inc. now owns 12,802 shares of the company’s stock valued at $3,299,000 after buying an additional 3,321 shares during the period. Curi RMB Capital LLC lifted its position in shares of Constellation Brands by 30.5% in the 3rd quarter. Curi RMB Capital LLC now owns 1,674 shares of the company’s stock worth $431,000 after acquiring an additional 391 shares during the period. Metis Global Partners LLC grew its holdings in shares of Constellation Brands by 0.8% during the 3rd quarter. Metis Global Partners LLC now owns 5,570 shares of the company’s stock worth $1,435,000 after purchasing an additional 46 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its position in shares of Constellation Brands by 1.3% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,205 shares of the company’s stock valued at $1,084,000 after purchasing an additional 52 shares during the period. Finally, Balboa Wealth Partners acquired a new position in shares of Constellation Brands in the third quarter valued at $253,000. 77.34% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director William T. Giles acquired 1,000 shares of Constellation Brands stock in a transaction dated Friday, January 17th. The stock was bought at an average cost of $186.39 per share, with a total value of $186,390.00. Following the completion of the transaction, the director now directly owns 1,463 shares of the company’s stock, valued at approximately $272,688.57. This represents a 215.98 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 12.19% of the company’s stock.

Constellation Brands Stock Down 0.1 %

Shares of Constellation Brands stock opened at $181.46 on Friday. The company has a market capitalization of $32.79 billion, a P/E ratio of 48.78, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. The business has a 50-day moving average of $180.58 and a two-hundred day moving average of $219.23. Constellation Brands, Inc. has a 1 year low of $160.46 and a 1 year high of $274.87.

Constellation Brands (NYSE:STZ) last posted its earnings results on Friday, January 10th. The company reported $3.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The business had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same period in the previous year, the company posted $3.19 earnings per share. Constellation Brands’s revenue for the quarter was down .3% compared to the same quarter last year. As a group, equities analysts predict that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date was Friday, February 7th. Constellation Brands’s payout ratio is presently 108.60%.

Analysts Set New Price Targets

STZ has been the topic of several analyst reports. Argus lowered shares of Constellation Brands from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Evercore ISI dropped their price objective on Constellation Brands from $300.00 to $250.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Royal Bank of Canada dropped their target price on shares of Constellation Brands from $293.00 to $289.00 and set an “outperform” rating for the company in a research report on Friday, March 7th. TD Cowen decreased their price objective on shares of Constellation Brands from $270.00 to $260.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Finally, Morgan Stanley cut shares of Constellation Brands from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $220.00 to $202.00 in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $252.81.

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.