Tufton Capital Management reduced its position in Constellation Brands, Inc. (NYSE:STZ – Free Report) by 12.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,065 shares of the company’s stock after selling 285 shares during the quarter. Tufton Capital Management’s holdings in Constellation Brands were worth $456,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also bought and sold shares of the company. Van ECK Associates Corp increased its position in Constellation Brands by 1,844.7% in the fourth quarter. Van ECK Associates Corp now owns 924,274 shares of the company’s stock worth $204,265,000 after buying an additional 876,745 shares during the last quarter. Copperleaf Capital LLC purchased a new stake in Constellation Brands in the fourth quarter worth $343,000. Grimes & Company Inc. purchased a new stake in Constellation Brands in the fourth quarter worth $6,099,000. Empowered Funds LLC increased its position in Constellation Brands by 62.8% in the fourth quarter. Empowered Funds LLC now owns 16,575 shares of the company’s stock worth $3,663,000 after buying an additional 6,391 shares during the last quarter. Finally, Southern Style Financial Inc. purchased a new stake in Constellation Brands in the fourth quarter worth $3,074,000. 77.34% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Constellation Brands
In other Constellation Brands news, Director William T. Giles purchased 1,000 shares of Constellation Brands stock in a transaction that occurred on Friday, January 17th. The shares were bought at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the acquisition, the director now directly owns 1,463 shares in the company, valued at approximately $272,688.57. This trade represents a 215.98 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 12.19% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Get Our Latest Analysis on STZ
Constellation Brands Stock Down 2.8 %
STZ opened at $173.43 on Friday. The company has a market cap of $31.34 billion, a P/E ratio of 46.62, a P/E/G ratio of 1.52 and a beta of 1.75. The business’s 50-day moving average price is $190.04 and its 200-day moving average price is $224.16. 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 – Get Free Report) 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). Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The company had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.53 billion. During the same quarter in the prior year, the firm posted $3.19 EPS. The firm’s quarterly revenue was down .3% on a year-over-year basis. On average, equities analysts expect that Constellation Brands, Inc. will post 13.5 EPS for the current year.
Constellation Brands Dividend Announcement
The firm also recently declared 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. The ex-dividend date was Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a yield of 2.33%. Constellation Brands’s dividend payout ratio is presently 108.60%.
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.
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