Constellation Brands, Inc. (NYSE:STZ) Shares Sold by Charter Research & Investment Group Inc.

Charter Research & Investment Group Inc. trimmed its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 17.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,036 shares of the company’s stock after selling 430 shares during the period. Charter Research & Investment Group Inc.’s holdings in Constellation Brands were worth $450,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Glenmede Trust Co. NA increased its holdings in Constellation Brands by 16.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 3,908 shares of the company’s stock valued at $1,007,000 after purchasing an additional 554 shares in the last quarter. CreativeOne Wealth LLC purchased a new stake in shares of Constellation Brands in the third quarter worth about $565,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Constellation Brands by 12.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 80,025 shares of the company’s stock valued at $20,622,000 after buying an additional 9,154 shares in the last quarter. Fiduciary Trust Co raised its holdings in shares of Constellation Brands by 2.4% during the 3rd quarter. Fiduciary Trust Co now owns 5,231 shares of the company’s stock valued at $1,348,000 after buying an additional 123 shares during the period. Finally, Public Sector Pension Investment Board lifted its position in Constellation Brands by 3.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 5,904 shares of the company’s stock worth $1,521,000 after acquiring an additional 200 shares in the last quarter. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

STZ has been the topic of a number of analyst reports. Morgan Stanley lowered shares of Constellation Brands from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $220.00 to $202.00 in a research note on Thursday, February 27th. StockNews.com lowered shares of Constellation Brands from a “hold” rating to a “sell” rating in a report on Friday, March 14th. Needham & Company LLC dropped their target price on Constellation Brands from $240.00 to $215.00 and set a “buy” rating on the stock in a research report on Thursday. Piper Sandler downgraded Constellation Brands from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $245.00 to $200.00 in a report on Monday, February 3rd. Finally, Roth Capital dropped their price objective on Constellation Brands from $298.00 to $284.00 and set a “buy” rating on the stock in a report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $249.18.

Insider Buying and Selling

In other Constellation Brands news, Director William T. Giles purchased 1,000 shares of Constellation Brands stock in a transaction 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 transaction, the director now owns 1,463 shares of the company’s stock, valued at $272,688.57. The trade was a 215.98 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 12.19% of the company’s stock.

Constellation Brands Stock Performance

STZ stock opened at $183.69 on Friday. Constellation Brands, Inc. has a 1 year low of $160.46 and a 1 year high of $274.87. The stock has a market capitalization of $33.20 billion, a price-to-earnings ratio of 49.38, a PEG ratio of 1.52 and a beta of 1.75. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. The stock’s fifty day moving average is $177.19 and its two-hundred day moving average is $214.74.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Friday, January 10th. The company reported $3.25 earnings per share 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 the consensus estimate of $2.53 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The company’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.19 earnings per share. On average, research analysts predict that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a dividend of $1.01 per share. The ex-dividend date was Friday, February 7th. This represents a $4.04 annualized dividend and a dividend yield of 2.20%. Constellation Brands’s dividend payout ratio is presently 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.