Yousif Capital Management LLC Trims Stake in Constellation Brands, Inc. (NYSE:STZ)

Yousif Capital Management LLC lessened its stake in Constellation Brands, Inc. (NYSE:STZ) by 1.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,288 shares of the company’s stock after selling 388 shares during the period. Yousif Capital Management LLC’s holdings in Constellation Brands were worth $4,484,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in STZ. Union Bancaire Privee UBP SA acquired a new stake in Constellation Brands during the fourth quarter valued at $28,000. Eastern Bank purchased a new stake in shares of Constellation Brands during the 3rd quarter worth about $39,000. Versant Capital Management Inc grew its position in shares of Constellation Brands by 887.5% during the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock valued at $35,000 after acquiring an additional 142 shares during the period. FSA Wealth Management LLC purchased a new position in shares of Constellation Brands in the 3rd quarter valued at about $42,000. Finally, Truvestments Capital LLC acquired a new position in Constellation Brands in the 3rd quarter worth about $60,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Analyst Ratings Changes

STZ has been the topic of several research analyst reports. BMO Capital Markets dropped their price objective on Constellation Brands from $315.00 to $305.00 and set an “outperform” rating on the stock in a report on Tuesday, October 15th. Evercore ISI dropped their price target on shares of Constellation Brands from $300.00 to $250.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Barclays reduced their price objective on shares of Constellation Brands from $282.00 to $214.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Truist Financial dropped their target price 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. Finally, Needham & Company LLC restated a “buy” rating and set a $240.00 price target on shares of Constellation Brands in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $254.29.

Constellation Brands Stock Down 1.1 %

Shares of STZ opened at $169.05 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. The firm has a market cap of $30.55 billion, a P/E ratio of 45.44, a price-to-earnings-growth ratio of 1.59 and a beta of 0.90. The company’s 50-day moving average price is $210.28 and its 200 day moving average price is $231.88. Constellation Brands, Inc. has a 12-month low of $166.02 and a 12-month high of $274.87.

Constellation Brands (NYSE:STZ) last issued 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 analyst estimates of $2.53 billion. During the same quarter in the prior year, the company posted $3.19 earnings per share. The business’s revenue was down .3% compared to the same quarter last year. On average, sell-side analysts forecast that Constellation Brands, Inc. will post 13.52 earnings per share for the current year.

Constellation Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a $1.01 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.39%. Constellation Brands’s payout ratio is presently 108.60%.

Insider Activity

In other news, EVP James A. Jr. Sabia sold 36,086 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $242.99, for a total value of $8,768,537.14. Following the completion of the transaction, the executive vice president now owns 16,042 shares of the company’s stock, valued at approximately $3,898,045.58. This trade represents a 69.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Wildstar Partners Llc sold 660 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total transaction of $159,060.00. Following the sale, the insider now directly owns 1,736,884 shares in the company, valued at approximately $418,589,044. The trade was a 0.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,746 shares of company stock valued at $15,017,097. 12.19% of the stock is currently owned by corporate insiders.

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.