Constellation Brands, Inc. (NYSE:STZ) Shares Sold by Hazlett Burt & Watson Inc.

Hazlett Burt & Watson Inc. reduced its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 15.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,953 shares of the company’s stock after selling 350 shares during the period. Hazlett Burt & Watson Inc.’s holdings in Constellation Brands were worth $433,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in STZ. Mainstream Capital Management LLC acquired a new position in shares of Constellation Brands during the fourth quarter worth about $25,000. SBI Securities Co. Ltd. purchased a new position in Constellation Brands in the fourth quarter worth approximately $26,000. Compagnie Lombard Odier SCmA acquired a new position in Constellation Brands during the 4th quarter worth approximately $27,000. Union Bancaire Privee UBP SA purchased a new stake in shares of Constellation Brands in the 4th quarter valued at approximately $28,000. Finally, Versant Capital Management Inc raised its holdings in shares of Constellation Brands by 887.5% in 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 in the last quarter. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

STZ has been the subject of a number of analyst reports. Jefferies Financial Group reiterated a “hold” rating and set a $201.00 target price (down previously from $310.00) on shares of Constellation Brands in a research note on Monday, January 13th. 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. Citigroup cut Constellation Brands from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $260.00 to $200.00 in a research note on Thursday, March 20th. TD Cowen dropped their price target on shares of Constellation Brands from $270.00 to $260.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Finally, Truist Financial reduced their price objective on shares of Constellation Brands from $255.00 to $190.00 and set a “hold” rating for the company in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Constellation Brands has a consensus rating of “Hold” and a consensus target price of $249.18.

Insiders Place Their Bets

In other Constellation Brands news, Director William T. Giles purchased 1,000 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were purchased at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the completion of the purchase, the director now directly owns 1,463 shares in the company, valued at $272,688.57. This represents a 215.98 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 12.19% of the stock is currently owned by insiders.

Constellation Brands Trading Down 0.3 %

NYSE:STZ opened at $183.69 on Monday. Constellation Brands, Inc. has a 12-month low of $160.46 and a 12-month high of $274.87. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. The stock’s 50 day simple moving average is $177.19 and its 200-day simple moving average is $214.50. The firm has a market cap of $33.20 billion, a P/E ratio of 49.38, a PEG ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Friday, January 10th. The company reported $3.25 earnings per share (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 firm had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.53 billion. During the same period in the prior year, the firm posted $3.19 earnings per share. The business’s quarterly revenue was down .3% compared to the same quarter last year. Equities analysts anticipate 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. Shareholders of record on Friday, February 7th were issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date was Friday, February 7th. 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.