Fiduciary Trust Co Reduces Holdings in Constellation Brands, Inc. (NYSE:STZ)

Fiduciary Trust Co lessened its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 8.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,801 shares of the company’s stock after selling 430 shares during the period. Fiduciary Trust Co’s holdings in Constellation Brands were worth $1,061,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in STZ. Mainstream Capital Management LLC bought a new position in Constellation Brands during the 4th quarter valued at $25,000. SBI Securities Co. Ltd. acquired a new stake in shares of Constellation Brands during the 4th quarter valued at approximately $26,000. Compagnie Lombard Odier SCmA bought a new position in Constellation Brands during the fourth quarter worth $27,000. Union Bancaire Privee UBP SA acquired a new position in Constellation Brands in the fourth quarter worth $28,000. Finally, Optiver Holding B.V. bought a new stake in Constellation Brands during the fourth quarter valued at $31,000. 77.34% of the stock is owned by institutional investors and hedge funds.

Constellation Brands Stock Performance

Shares of STZ stock opened at $190.02 on Friday. The stock’s fifty day simple moving average is $183.37 and its 200-day simple moving average is $200.85. The company has a market capitalization of $33.83 billion, a price-to-earnings ratio of 51.08, a P/E/G ratio of 1.52 and a beta of 1.75. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. Constellation Brands, Inc. has a 1-year low of $160.46 and a 1-year high of $265.70.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Wednesday, April 9th. The company reported $2.63 EPS for the quarter, beating analysts’ consensus estimates of $2.28 by $0.35. The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.14 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.26 earnings per share. On average, sell-side analysts predict that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Tuesday, April 29th will be paid a dividend of $1.02 per share. The ex-dividend date is Tuesday, April 29th. This is an increase from Constellation Brands’s previous quarterly dividend of $1.01. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.15%. Constellation Brands’s dividend payout ratio (DPR) is -800.00%.

Analyst Ratings Changes

Several research analysts have recently commented on STZ shares. Piper Sandler lowered shares of Constellation Brands from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $245.00 to $200.00 in a report on Monday, February 3rd. Jefferies Financial Group reiterated a “hold” rating and set a $201.00 price target (down from $310.00) on shares of Constellation Brands in a research report on Monday, January 13th. StockNews.com upgraded Constellation Brands from a “sell” rating to a “hold” rating in a research report on Thursday. UBS Group dropped their target price on Constellation Brands from $265.00 to $223.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Finally, BMO Capital Markets reduced their price target on shares of Constellation Brands from $260.00 to $215.00 and set an “outperform” rating for the company in a report on Friday, April 11th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $225.74.

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.