Signaturefd LLC Sells 101 Shares of Constellation Brands, Inc. (NYSE:STZ)

Signaturefd LLC decreased its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 9.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 969 shares of the company’s stock after selling 101 shares during the period. Signaturefd LLC’s holdings in Constellation Brands were worth $214,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp raised its position in shares of Constellation Brands by 6.0% during the 3rd quarter. State Street Corp now owns 7,144,428 shares of the company’s stock valued at $1,841,048,000 after purchasing an additional 402,211 shares during the period. Janus Henderson Group PLC lifted its position in shares of Constellation Brands by 1.2% in the third quarter. Janus Henderson Group PLC now owns 1,853,081 shares of the company’s stock valued at $477,515,000 after acquiring an additional 21,454 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Constellation Brands by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,782,964 shares of the company’s stock worth $394,035,000 after acquiring an additional 38,786 shares during the period. Van ECK Associates Corp grew its position in shares of Constellation Brands by 1,844.7% during the fourth quarter. Van ECK Associates Corp now owns 924,274 shares of the company’s stock worth $204,265,000 after purchasing an additional 876,745 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Constellation Brands during the 4th quarter valued at approximately $105,766,000. Institutional investors own 77.34% of the company’s stock.

Insiders Place Their Bets

In other news, Director William T. Giles purchased 1,000 shares of the stock in a transaction on Friday, January 17th. The stock was bought at an average price of $186.39 per share, with a total value of $186,390.00. Following the transaction, the director now owns 1,463 shares in the company, valued at $272,688.57. The trade was a 215.98 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 12.19% of the company’s stock.

Wall Street Analyst Weigh In

STZ has been the subject of a number of research analyst reports. Royal Bank of Canada cut their price objective on shares of Constellation Brands from $293.00 to $289.00 and set an “outperform” rating for the company in a report on Friday, March 7th. Argus downgraded shares of Constellation Brands from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Roth Capital decreased their price target on shares of Constellation Brands from $298.00 to $284.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. Jefferies Financial Group restated a “hold” rating and set a $201.00 price target (down previously from $310.00) on shares of Constellation Brands in a report on Monday, January 13th. Finally, Truist Financial dropped 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 note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Constellation Brands presently has an average rating of “Hold” and a consensus target price of $250.41.

Constellation Brands Stock Down 0.6 %

Shares of NYSE STZ opened at $177.73 on Friday. The stock has a market capitalization of $32.12 billion, a PE ratio of 47.78, a price-to-earnings-growth 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 12-month low of $160.46 and a 12-month high of $274.87. The stock’s fifty day simple moving average is $177.32 and its two-hundred day simple moving average is $217.28.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data 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 return on equity of 26.55% and a net margin of 6.27%. The business had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.53 billion. During the same period in the previous year, the business earned $3.19 EPS. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. As a group, analysts expect that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders 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 dividend yield of 2.27%. Constellation Brands’s dividend payout ratio is currently 108.60%.

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.