Town & Country Bank & Trust CO dba First Bankers Trust CO Acquires 966 Shares of Constellation Brands, Inc. (NYSE:STZ)

Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 12.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,047 shares of the company’s stock after acquiring an additional 966 shares during the quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Constellation Brands were worth $1,999,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of STZ. State Street Corp raised its holdings in shares of Constellation Brands by 6.0% in the third quarter. State Street Corp now owns 7,144,428 shares of the company’s stock valued at $1,841,048,000 after acquiring an additional 402,211 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Constellation Brands by 1.2% in the 3rd quarter. Janus Henderson Group PLC now owns 1,853,081 shares of the company’s stock valued at $477,515,000 after purchasing an additional 21,454 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Constellation Brands by 23,184.7% in the 3rd quarter. International Assets Investment Management LLC now owns 499,689 shares of the company’s stock worth $128,765,000 after purchasing an additional 497,543 shares during the period. National Pension Service boosted its stake in shares of Constellation Brands by 13.6% during the third quarter. National Pension Service now owns 381,755 shares of the company’s stock valued at $98,374,000 after purchasing an additional 45,707 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Constellation Brands by 66.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 369,966 shares of the company’s stock valued at $81,762,000 after buying an additional 147,457 shares during the period. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Constellation Brands Stock Performance

Shares of STZ stock opened at $187.84 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. Constellation Brands, Inc. has a 12-month low of $176.51 and a 12-month high of $274.87. The company has a market cap of $33.95 billion, a price-to-earnings ratio of 50.49, a price-to-earnings-growth ratio of 1.58 and a beta of 1.75. The stock has a 50 day simple moving average of $221.02 and a 200-day simple moving average of $236.20.

Constellation Brands (NYSE:STZ) last released its earnings results on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). The business 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 last year, the business posted $3.19 EPS. On average, equities analysts forecast that Constellation Brands, Inc. will post 13.52 EPS for the current year.

Constellation Brands Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 2.15%. Constellation Brands’s dividend payout ratio (DPR) is presently 108.60%.

Analyst Ratings Changes

STZ has been the topic of several recent research reports. Roth Capital dropped their target price on Constellation Brands from $298.00 to $284.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Barclays cut their price target on shares of Constellation Brands from $282.00 to $214.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Bank of America restated a “neutral” rating and issued a $255.00 price objective (down from $300.00) on shares of Constellation Brands in a report on Monday, October 7th. Needham & Company LLC reiterated a “buy” rating and set a $240.00 target price on shares of Constellation Brands in a research note on Monday. Finally, BMO Capital Markets cut their price target on Constellation Brands from $315.00 to $305.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $257.14.

Insider Activity

In other news, Director William T. Giles purchased 1,000 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was acquired at an average price of $186.39 per share, with a total value of $186,390.00. Following the purchase, the director now directly owns 1,463 shares of the company’s stock, 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 available through this link. Also, CEO William A. Newlands sold 25,000 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $243.58, for a total transaction of $6,089,500.00. Following the completion of the sale, the chief executive officer now directly owns 7,274 shares in the company, valued at approximately $1,771,800.92. The trade was a 77.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 61,746 shares of company stock worth $15,017,097. Company insiders own 12.19% of the company’s stock.

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.