Hazlett Burt & Watson Inc. Sells 621 Shares of Constellation Brands Inc $STZ

Hazlett Burt & Watson Inc. cut its stake in Constellation Brands Inc (NYSE:STZ) by 42.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 847 shares of the company’s stock after selling 621 shares during the quarter. Hazlett Burt & Watson Inc.’s holdings in Constellation Brands were worth $137,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of STZ. Brighton Jones LLC raised its position in shares of Constellation Brands by 23.0% in the fourth quarter. Brighton Jones LLC now owns 1,001 shares of the company’s stock valued at $221,000 after purchasing an additional 187 shares during the period. Farther Finance Advisors LLC raised its position in shares of Constellation Brands by 179.2% in the first quarter. Farther Finance Advisors LLC now owns 2,069 shares of the company’s stock valued at $382,000 after purchasing an additional 1,328 shares during the period. Integrated Advisors Network LLC bought a new position in shares of Constellation Brands in the first quarter valued at about $223,000. Grimes & Company Inc. raised its position in shares of Constellation Brands by 13.3% in the first quarter. Grimes & Company Inc. now owns 31,277 shares of the company’s stock valued at $5,740,000 after purchasing an additional 3,677 shares during the period. Finally, Grove Bank & Trust raised its position in shares of Constellation Brands by 28.7% in the first quarter. Grove Bank & Trust now owns 3,369 shares of the company’s stock valued at $618,000 after purchasing an additional 752 shares during the period. 77.34% of the stock is owned by institutional investors.

Insider Buying and Selling at Constellation Brands

In other news, EVP James O. Bourdeau sold 821 shares of the firm’s stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $169.00, for a total value of $138,749.00. Following the sale, the executive vice president directly owned 9,438 shares in the company, valued at approximately $1,595,022. This trade represents a 8.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 12.45% of the company’s stock.

Constellation Brands Trading Up 0.0%

Shares of Constellation Brands stock opened at $141.39 on Tuesday. The company has a market capitalization of $24.93 billion, a price-to-earnings ratio of 20.64, a PEG ratio of 0.42 and a beta of 0.66. The company has a quick ratio of 0.54, a current ratio of 1.08 and a debt-to-equity ratio of 1.26. Constellation Brands Inc has a 12-month low of $131.20 and a 12-month high of $247.63. The firm’s 50-day moving average price is $150.20 and its two-hundred day moving average price is $167.66.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Thursday, February 23rd. The company reported $3.12 earnings per share (EPS) for the quarter. The firm had revenue of $2.32 billion for the quarter. Constellation Brands had a net margin of 11.88% and a return on equity of 29.82%. On average, analysts forecast that Constellation Brands Inc will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 13th. Stockholders of record on Thursday, October 30th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Thursday, October 30th. Constellation Brands’s dividend payout ratio (DPR) is presently 59.56%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on STZ shares. Cowen reissued a “hold” rating on shares of Constellation Brands in a research report on Monday, July 7th. BNP Paribas downgraded shares of Constellation Brands from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 3rd. BMO Capital Markets decreased their price target on shares of Constellation Brands from $215.00 to $190.00 and set an “outperform” rating on the stock in a research note on Thursday, September 4th. Morgan Stanley decreased their price target on shares of Constellation Brands from $176.00 to $160.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 7th. Finally, Barclays decreased their price target on shares of Constellation Brands from $150.00 to $147.00 and set an “equal weight” rating on the stock in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have given a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, Constellation Brands presently has a consensus rating of “Hold” and a consensus target price of $186.44.

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.