Constellation Brands, Inc. (NYSE:STZ) Shares Sold by Private Harbour Investment Management & Counsel LLC

Private Harbour Investment Management & Counsel LLC decreased its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 4.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,244 shares of the company’s stock after selling 318 shares during the quarter. Constellation Brands makes up approximately 1.8% of Private Harbour Investment Management & Counsel LLC’s holdings, making the stock its 22nd biggest holding. Private Harbour Investment Management & Counsel LLC’s holdings in Constellation Brands were worth $1,601,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Thrivent Financial for Lutherans grew its stake in Constellation Brands by 13.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 7,341 shares of the company’s stock worth $1,892,000 after buying an additional 845 shares during the last quarter. Summit Trail Advisors LLC grew its position in shares of Constellation Brands by 9.8% during the third quarter. Summit Trail Advisors LLC now owns 2,925 shares of the company’s stock worth $754,000 after acquiring an additional 262 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Constellation Brands by 10.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 19,678 shares of the company’s stock worth $5,071,000 after acquiring an additional 1,854 shares during the period. Dynamic Technology Lab Private Ltd lifted its position in Constellation Brands by 36.8% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 7,852 shares of the company’s stock valued at $2,023,000 after purchasing an additional 2,111 shares during the last quarter. Finally, Boston Family Office LLC grew its position in Constellation Brands by 22.6% in the 3rd quarter. Boston Family Office LLC now owns 1,035 shares of the company’s stock worth $267,000 after purchasing an additional 191 shares during the last quarter. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on STZ shares. Citigroup downgraded Constellation Brands from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $260.00 to $200.00 in a research report on Thursday, March 20th. UBS Group decreased their price target 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. StockNews.com lowered Constellation Brands from a “hold” rating to a “sell” rating in a report on Friday, March 14th. Needham & Company LLC reiterated a “buy” rating and issued a $240.00 target price on shares of Constellation Brands in a research report on Monday, January 27th. Finally, Evercore ISI reduced their price target on shares of Constellation Brands from $300.00 to $250.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Constellation Brands has an average rating of “Hold” and an average price target of $250.41.

Constellation Brands Stock Performance

Constellation Brands stock opened at $178.35 on Wednesday. The firm’s 50 day simple moving average is $177.14 and its 200-day simple moving average is $215.89. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. Constellation Brands, Inc. has a fifty-two week low of $160.46 and a fifty-two week high of $274.87. The company has a market cap of $32.23 billion, a P/E ratio of 47.94, a price-to-earnings-growth ratio of 1.52 and a beta of 0.90.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The company had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.53 billion. During the same period in the previous year, the firm posted $3.19 earnings per share. The business’s revenue for the quarter was down .3% on a year-over-year basis. As a group, equities research analysts predict that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a $1.01 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a yield of 2.27%. Constellation Brands’s dividend payout ratio is currently 108.60%.

Insider Activity at Constellation Brands

In related news, Director William T. Giles bought 1,000 shares of the firm’s stock in a transaction on Friday, January 17th. The stock was purchased at an average price of $186.39 per share, with a total value of $186,390.00. Following the completion of the transaction, the director now directly owns 1,463 shares of the company’s stock, valued at $272,688.57. This trade represents a 215.98 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 12.19% of the stock is owned by company insiders.

Constellation Brands Company 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.