Intrust Bank NA Sells 230 Shares of Constellation Brands, Inc. (NYSE:STZ)

Intrust Bank NA lessened its position in Constellation Brands, Inc. (NYSE:STZ) by 7.4% in the 4th quarter, Holdings Channel reports. The firm owned 2,858 shares of the company’s stock after selling 230 shares during the period. Intrust Bank NA’s holdings in Constellation Brands were worth $632,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Constellation Brands by 13.3% in the 4th quarter. Vanguard Group Inc. now owns 15,534,787 shares of the company’s stock valued at $3,433,188,000 after buying an additional 1,821,969 shares in the last quarter. State Street Corp increased its holdings in shares of Constellation Brands by 6.0% in the third quarter. State Street Corp now owns 7,144,428 shares of the company’s stock worth $1,841,048,000 after acquiring an additional 402,211 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Constellation Brands by 13.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,176,095 shares of the company’s stock worth $482,919,000 after acquiring an additional 253,445 shares in the last quarter. Norges Bank acquired a new stake in shares of Constellation Brands during the fourth quarter worth about $445,883,000. Finally, Janus Henderson Group PLC lifted its holdings in shares of Constellation Brands by 1.2% during the 3rd quarter. Janus Henderson Group PLC now owns 1,853,081 shares of the company’s stock valued at $477,515,000 after purchasing an additional 21,454 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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 acquired 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 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 12.19% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on STZ shares. Wells Fargo & Company lowered their target price on Constellation Brands from $295.00 to $275.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Royal Bank of Canada lowered their price objective on shares of Constellation Brands from $293.00 to $289.00 and set an “outperform” rating for the company in a research report on Friday, March 7th. Truist Financial cut their price objective on shares of Constellation Brands from $255.00 to $190.00 and set a “hold” rating on the stock in a research report on Tuesday, January 14th. Needham & Company LLC lowered their target price on Constellation Brands from $240.00 to $215.00 and set a “buy” rating for the company in a report on Thursday. Finally, Jefferies Financial Group restated a “hold” rating and issued a $201.00 price target (down from $310.00) on shares of Constellation Brands in a report on Monday, January 13th. One investment 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. Based on data from MarketBeat, Constellation Brands has a consensus rating of “Hold” and an average price target of $249.18.

Constellation Brands Price Performance

Shares of NYSE STZ opened at $183.69 on Friday. 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 business’s 50 day moving average price is $177.19 and its two-hundred day moving average price is $214.74. The company has a market cap of $33.20 billion, a PE ratio of 49.38, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a twelve month low of $160.46 and a twelve month high of $274.87.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings results on Friday, January 10th. The company reported $3.25 earnings per share 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 business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter last year, the company posted $3.19 EPS. The firm’s revenue was down .3% on a year-over-year basis. On average, analysts predict that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend was Friday, February 7th. Constellation Brands’s payout ratio is 108.60%.

Constellation Brands 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.