Constellation Brands, Inc. (NYSE:STZ) Shares Acquired by Argent Trust Co

Argent Trust Co increased its holdings in Constellation Brands, Inc. (NYSE:STZ) by 5.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 8,522 shares of the company’s stock after purchasing an additional 454 shares during the quarter. Argent Trust Co’s holdings in Constellation Brands were worth $1,883,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Mainstream Capital Management LLC bought a new position in Constellation Brands in the 4th quarter valued at about $25,000. SBI Securities Co. Ltd. acquired a new stake in shares of Constellation Brands in the 4th quarter worth approximately $26,000. Compagnie Lombard Odier SCmA bought a new position in shares of Constellation Brands in the fourth quarter valued at approximately $27,000. Union Bancaire Privee UBP SA bought a new stake in Constellation Brands during the fourth quarter worth approximately $28,000. Finally, Versant Capital Management Inc increased its position in shares of Constellation Brands by 887.5% during the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock valued at $35,000 after purchasing an additional 142 shares during the period. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Constellation Brands news, Director William T. Giles purchased 1,000 shares of the company’s stock in a transaction on Friday, January 17th. The shares were bought at an average cost of $186.39 per share, with a total value of $186,390.00. Following the transaction, the director now directly owns 1,463 shares in the company, valued at approximately $272,688.57. This represents a 215.98 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 12.19% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on STZ shares. Piper Sandler lowered Constellation Brands from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $245.00 to $200.00 in a report on Monday, February 3rd. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $203.00 target price (down from $262.00) on shares of Constellation Brands in a report on Monday, January 13th. Jefferies Financial Group restated a “hold” rating and set a $201.00 target price (down from $310.00) on shares of Constellation Brands in a report on Monday, January 13th. Roth Mkm dropped their price target on Constellation Brands from $284.00 to $256.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd. Finally, UBS Group reduced their price objective on Constellation Brands from $265.00 to $223.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Eleven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Constellation Brands currently has a consensus rating of “Hold” and an average target price of $240.65.

Constellation Brands Stock Performance

Shares of STZ opened at $184.61 on Friday. The firm has a market cap of $33.36 billion, a price-to-earnings ratio of 49.63, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a 12 month low of $160.46 and a 12 month high of $274.87. The company’s fifty day moving average is $176.60 and its 200-day moving average is $209.49. 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 (NYSE:STZ) last posted its quarterly earnings data on Wednesday, April 9th. The company reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.28 by $0.35. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same period in the prior year, the firm earned $2.26 EPS. Constellation Brands’s quarterly revenue was up 1.2% compared to the same quarter last year. Equities analysts expect that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

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.