Lee Danner & Bass Inc. Sells 419 Shares of Constellation Brands, Inc. (NYSE:STZ)

Lee Danner & Bass Inc. reduced its stake in Constellation Brands, Inc. (NYSE:STZ) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,011 shares of the company’s stock after selling 419 shares during the period. Lee Danner & Bass Inc.’s holdings in Constellation Brands were worth $3,980,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Mainstream Capital Management LLC bought a new position in shares of Constellation Brands in the fourth quarter worth $25,000. SBI Securities Co. Ltd. bought a new position in shares of Constellation Brands in the fourth quarter worth $26,000. Compagnie Lombard Odier SCmA bought a new position in shares of Constellation Brands in the fourth quarter worth $27,000. Union Bancaire Privee UBP SA bought a new position in shares of Constellation Brands in the fourth quarter worth $28,000. Finally, Versant Capital Management Inc boosted its holdings in shares of Constellation Brands by 887.5% in the fourth quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock worth $35,000 after acquiring an additional 142 shares during the period. 77.34% of the stock is owned by institutional investors.

Constellation Brands Stock Down 0.0 %

STZ opened at $178.96 on Friday. The company has a market cap of $32.34 billion, a P/E ratio of 48.11, a P/E/G ratio of 1.52 and a beta of 1.75. The business’s 50-day moving average price is $177.40 and its 200-day moving average price is $217.72. 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 12 month low of $160.46 and a 12 month high of $274.87.

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

Constellation Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $1.01 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.04 annualized dividend and a dividend yield of 2.26%. Constellation Brands’s dividend payout ratio is currently 108.60%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on STZ. Needham & Company LLC reaffirmed a “buy” rating and issued a $240.00 price target on shares of Constellation Brands in a report on Monday, January 27th. Jefferies Financial Group reiterated a “hold” rating and issued a $201.00 price objective (down previously from $310.00) on shares of Constellation Brands in a research report on Monday, January 13th. Citigroup downgraded Constellation Brands from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $260.00 to $200.00 in a research report on Thursday. BNP Paribas began coverage on Constellation Brands in a research report on Monday, November 25th. They issued a “neutral” rating and a $261.00 price objective on the stock. Finally, Truist Financial lowered their price objective on Constellation Brands from $255.00 to $190.00 and set a “hold” rating on the stock in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Constellation Brands presently has an average rating of “Hold” and an average target price of $250.41.

Insider Transactions at Constellation Brands

In related news, Director William T. Giles acquired 1,000 shares of the firm’s stock in a transaction dated Friday, January 17th. The shares were purchased at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the completion of the acquisition, the director now owns 1,463 shares in the company, valued at approximately $272,688.57. This represents a 215.98 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 12.19% of the company’s stock.

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.