Realta Investment Advisors Sells 413 Shares of Constellation Brands, Inc. (NYSE:STZ)

Realta Investment Advisors cut its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 14.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,402 shares of the company’s stock after selling 413 shares during the period. Realta Investment Advisors’ holdings in Constellation Brands were worth $533,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of STZ. Czech National Bank increased its holdings in Constellation Brands by 4.0% in the 3rd quarter. Czech National Bank now owns 31,918 shares of the company’s stock valued at $8,225,000 after buying an additional 1,239 shares during the period. Diversified Trust Co boosted its position in shares of Constellation Brands by 6.2% during the 3rd quarter. Diversified Trust Co now owns 929 shares of the company’s stock valued at $239,000 after acquiring an additional 54 shares in the last quarter. Mather Group LLC. increased its stake in Constellation Brands by 13.0% in the third quarter. Mather Group LLC. now owns 703 shares of the company’s stock valued at $181,000 after acquiring an additional 81 shares during the period. Brookstone Capital Management raised its position in Constellation Brands by 7.2% in the third quarter. Brookstone Capital Management now owns 15,734 shares of the company’s stock worth $4,055,000 after purchasing an additional 1,061 shares in the last quarter. Finally, Daymark Wealth Partners LLC lifted its stake in Constellation Brands by 14.9% during the third quarter. Daymark Wealth Partners LLC now owns 5,536 shares of the company’s stock worth $1,427,000 after purchasing an additional 719 shares during the period. 77.34% of the stock is currently owned by institutional investors.

Insider Transactions at Constellation Brands

In other Constellation Brands news, major shareholder Wildstar Partners Llc sold 660 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total transaction of $159,060.00. Following the completion of the transaction, the insider now owns 1,736,884 shares in the company, valued at approximately $418,589,044. This represents a 0.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William T. Giles purchased 1,000 shares of the business’s stock in a transaction dated 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 completion of the acquisition, the director now 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 disclosure for this purchase can be found here. Insiders have sold a total of 61,746 shares of company stock valued at $15,017,097 over the last 90 days. 12.19% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

STZ has been the topic of several analyst reports. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $203.00 price objective (down from $262.00) on shares of Constellation Brands in a research note on Monday, January 13th. BMO Capital Markets lowered their price target on Constellation Brands from $315.00 to $305.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 15th. BNP Paribas began coverage on Constellation Brands in a report on Monday, November 25th. They set a “neutral” rating and a $261.00 price objective for the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $293.00 target price on shares of Constellation Brands in a report on Monday. Finally, TD Cowen dropped their target price on shares of Constellation Brands from $270.00 to $260.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. One 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $254.29.

Constellation Brands Stock Performance

Shares of NYSE:STZ opened at $170.83 on Friday. The company has a market capitalization of $30.87 billion, a price-to-earnings ratio of 45.92, a P/E/G ratio of 1.59 and a beta of 0.90. The firm’s 50 day simple moving average is $210.28 and its 200 day simple moving average is $231.88. 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 fifty-two week low of $166.02 and a fifty-two week high of $274.87.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Friday, January 10th. The company reported $3.25 earnings per share (EPS) 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 quarterly revenue was down .3% on a year-over-year basis. During the same period last year, the firm earned $3.19 EPS. As a group, sell-side analysts forecast that Constellation Brands, Inc. will post 13.52 earnings per share for the current year.

Constellation Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued 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 2.36%. Constellation Brands’s dividend payout ratio (DPR) is currently 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.