Wisconsin Capital Management LLC Has $2.12 Million Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

Wisconsin Capital Management LLC trimmed its position in Constellation Brands, Inc. (NYSE:STZ) by 8.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,596 shares of the company’s stock after selling 901 shares during the quarter. Constellation Brands makes up 1.2% of Wisconsin Capital Management LLC’s portfolio, making the stock its 25th biggest position. Wisconsin Capital Management LLC’s holdings in Constellation Brands were worth $2,121,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mainstream Capital Management LLC bought a new position in shares of Constellation Brands in the 4th quarter valued at about $25,000. SBI Securities Co. Ltd. acquired a new stake in Constellation Brands during the 4th quarter worth $26,000. Compagnie Lombard Odier SCmA bought a new stake in shares of Constellation Brands during the 4th quarter valued at $27,000. Union Bancaire Privee UBP SA acquired a new position in shares of Constellation Brands in the 4th quarter valued at $28,000. Finally, Versant Capital Management Inc boosted its position 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 worth $35,000 after purchasing an additional 142 shares during the last quarter. 77.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on STZ. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $203.00 price objective (down previously from $262.00) on shares of Constellation Brands in a report on Monday, January 13th. Wells Fargo & Company cut their price target on shares of Constellation Brands from $295.00 to $275.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Roth Capital decreased 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. Royal Bank of Canada lowered 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 note on Friday, March 7th. Finally, StockNews.com cut shares of Constellation Brands from a “hold” rating to a “sell” rating in a research report on Friday, March 14th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $249.18.

Insider Activity at Constellation Brands

In related news, Director William T. Giles purchased 1,000 shares of the stock in a transaction 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 transaction, the director now directly 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 12.19% of the company’s stock.

Constellation Brands Price Performance

Shares of STZ opened at $184.98 on Wednesday. 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 twelve month low of $160.46 and a twelve month high of $274.87. The stock has a market capitalization of $33.43 billion, a P/E ratio of 49.73, a P/E/G ratio of 1.52 and a beta of 1.75. The company has a 50 day moving average of $177.22 and a 200-day moving average of $213.55.

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 business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.53 billion. During the same period last year, the business posted $3.19 EPS. The firm’s revenue for the quarter was down .3% on a year-over-year basis. As a group, equities research analysts forecast that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a dividend of $1.01 per share. The ex-dividend date was Friday, February 7th. This represents a $4.04 annualized dividend and a yield of 2.18%. Constellation Brands’s payout ratio is presently 108.60%.

About Constellation Brands

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.