Citizens National Bank Trust Department Sells 210 Shares of Constellation Brands, Inc. (NYSE:STZ)

Citizens National Bank Trust Department reduced its stake in Constellation Brands, Inc. (NYSE:STZ) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,817 shares of the company’s stock after selling 210 shares during the quarter. Citizens National Bank Trust Department’s holdings in Constellation Brands were worth $1,728,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Oakworth Capital Inc. raised its holdings in Constellation Brands by 4.4% in the 3rd quarter. Oakworth Capital Inc. now owns 989 shares of the company’s stock worth $255,000 after purchasing an additional 42 shares during the period. PFG Investments LLC raised its holdings in Constellation Brands by 3.8% during the third quarter. PFG Investments LLC now owns 1,150 shares of the company’s stock valued at $296,000 after acquiring an additional 42 shares during the period. Metis Global Partners LLC raised its holdings in Constellation Brands by 0.8% during the third quarter. Metis Global Partners LLC now owns 5,570 shares of the company’s stock valued at $1,435,000 after acquiring an additional 46 shares during the period. Rosenberg Matthew Hamilton raised its holdings in Constellation Brands by 6.2% during the third quarter. Rosenberg Matthew Hamilton now owns 858 shares of the company’s stock valued at $221,000 after acquiring an additional 50 shares during the period. Finally, Strategic Investment Solutions Inc. IL raised its holdings in Constellation Brands by 4.6% during the third quarter. Strategic Investment Solutions Inc. IL now owns 1,158 shares of the company’s stock valued at $298,000 after acquiring an additional 51 shares during the period. 77.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on STZ shares. UBS Group dropped their target price on Constellation Brands from $265.00 to $223.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Piper Sandler lowered Constellation Brands from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $245.00 to $200.00 in a research report on Monday, February 3rd. JPMorgan Chase & Co. restated a “neutral” rating and set a $203.00 target price (down previously from $262.00) on shares of Constellation Brands in a research report on Monday, January 13th. Truist Financial dropped their target price on Constellation Brands from $255.00 to $190.00 and set a “hold” rating for the company in a research report on Tuesday, January 14th. Finally, Morgan Stanley lowered their price target on Constellation Brands from $280.00 to $220.00 and set an “overweight” rating for the company in a report on Monday, January 13th. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $254.29.

Constellation Brands Stock Up 1.8 %

Constellation Brands stock opened at $172.47 on Thursday. Constellation Brands, Inc. has a twelve month low of $160.46 and a twelve month high of $274.87. The business has a fifty day moving average of $196.90 and a two-hundred day moving average of $226.68. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. The firm has a market cap of $31.17 billion, a P/E ratio of 46.36, a P/E/G ratio of 1.44 and a beta of 0.90.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $2.53 billion. During the same quarter in the prior year, the company posted $3.19 EPS. The business’s revenue for the quarter was down .3% on a year-over-year basis. 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued a dividend of $1.01 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.04 annualized dividend and a dividend yield of 2.34%. Constellation Brands’s dividend payout ratio is presently 108.60%.

Insider Activity

In other news, Director William T. Giles bought 1,000 shares of Constellation Brands stock in a transaction that occurred on Friday, January 17th. The stock was bought at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the purchase, the director now directly owns 1,463 shares of the company’s stock, valued at approximately $272,688.57. The trade was a 215.98 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 12.19% of the company’s stock.

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.