Cornell Pochily Investment Advisors Inc. Sells 185 Shares of Constellation Brands, Inc. (NYSE:STZ)

Cornell Pochily Investment Advisors Inc. cut its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 3.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,449 shares of the company’s stock after selling 185 shares during the quarter. Cornell Pochily Investment Advisors Inc.’s holdings in Constellation Brands were worth $1,317,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in STZ. Prudential PLC purchased a new stake in shares of Constellation Brands in the first quarter worth $705,000. Cetera Investment Advisers raised its holdings in shares of Constellation Brands by 1.0% in the 1st quarter. Cetera Investment Advisers now owns 17,026 shares of the company’s stock valued at $3,921,000 after acquiring an additional 163 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Constellation Brands by 17.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,149 shares of the company’s stock valued at $725,000 after acquiring an additional 471 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Constellation Brands by 2.6% during the first quarter. Vanguard Group Inc. now owns 12,601,280 shares of the company’s stock worth $2,902,327,000 after purchasing an additional 313,344 shares in the last quarter. Finally, Ergoteles LLC bought a new position in shares of Constellation Brands in the first quarter worth approximately $257,000. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Stock Down 0.7 %

Shares of NYSE:STZ traded down $1.80 during trading on Thursday, hitting $270.24. The stock had a trading volume of 121,303 shares, compared to its average volume of 1,173,731. The company has a market capitalization of $49.41 billion, a PE ratio of 32.20, a PEG ratio of 1.87 and a beta of 0.96. The company has a quick ratio of 0.46, a current ratio of 1.05 and a debt-to-equity ratio of 1.05. The firm’s fifty day moving average is $252.62 and its 200 day moving average is $246.18. Constellation Brands, Inc. has a 12 month low of $217.05 and a 12 month high of $273.65.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Friday, January 5th. The company reported $3.19 EPS for the quarter, beating the consensus estimate of $3.03 by $0.16. Constellation Brands had a return on equity of 23.35% and a net margin of 14.76%. The business had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.54 billion. During the same quarter last year, the firm posted $2.83 earnings per share. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. Analysts anticipate that Constellation Brands, Inc. will post 11.92 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 8th were given a dividend of $0.89 per share. The ex-dividend date was Wednesday, February 7th. This represents a $3.56 dividend on an annualized basis and a yield of 1.32%. Constellation Brands’s dividend payout ratio (DPR) is 42.13%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on STZ. Argus lowered shares of Constellation Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. JPMorgan Chase & Co. lowered their price target on Constellation Brands from $309.00 to $301.00 and set an “overweight” rating on the stock in a research report on Thursday, December 21st. Piper Sandler assumed coverage on Constellation Brands in a report on Friday, March 22nd. They issued an “overweight” rating and a $300.00 price objective for the company. Evercore ISI reaffirmed an “outperform” rating and issued a $300.00 price objective on shares of Constellation Brands in a research note on Wednesday. Finally, TheStreet lowered shares of Constellation Brands from a “b” rating to a “c+” rating in a research report on Friday, January 5th. Four investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $290.37.

Insider Activity at Constellation Brands

In other Constellation Brands news, major shareholder Family Foundation Sands sold 354,616 shares of the stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $250.26, for a total transaction of $88,746,200.16. Following the completion of the sale, the insider now directly owns 54,461 shares of the company’s stock, valued at approximately $13,629,409.86. The sale was disclosed in a legal filing with the SEC, which is available at this link. 16.19% of the stock is currently owned by company insiders.

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 Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Victoria, Vicky Chamoy, and Pacifico brands.