Constellation Brands, Inc. (NYSE:STZ) Shares Purchased by Tobam

Tobam increased its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 37.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 426 shares of the company’s stock after buying an additional 115 shares during the period. Tobam’s holdings in Constellation Brands were worth $94,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Union Bancaire Privee UBP SA acquired a new stake in shares of Constellation Brands in the fourth quarter valued at $28,000. Versant Capital Management Inc raised its position in Constellation Brands by 887.5% in the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock valued at $35,000 after purchasing an additional 142 shares in the last quarter. Eastern Bank purchased a new position in shares of Constellation Brands in the 3rd quarter valued at about $39,000. FSA Wealth Management LLC acquired a new position in shares of Constellation Brands during the third quarter worth about $42,000. Finally, Truvestments Capital LLC purchased a new stake in shares of Constellation Brands during the third quarter worth approximately $60,000. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Constellation Brands Stock Down 1.1 %

STZ opened at $169.05 on Friday. Constellation Brands, Inc. has a 52 week low of $166.02 and a 52 week high of $274.87. The business has a 50 day moving average price of $210.28 and a two-hundred day moving average price of $231.88. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. The company has a market cap of $30.55 billion, a PE ratio of 45.44, a P/E/G ratio of 1.59 and a beta of 0.90.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results 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 for 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%. Constellation Brands’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter last year, the company earned $3.19 EPS. As a group, research analysts anticipate that Constellation Brands, Inc. will post 13.52 EPS for the current year.

Constellation Brands Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. UBS Group decreased their price target on shares of Constellation Brands from $265.00 to $223.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Piper Sandler downgraded shares of Constellation Brands from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $245.00 to $200.00 in a research note on Monday, February 3rd. Royal Bank of Canada restated an “outperform” rating and issued a $293.00 price target on shares of Constellation Brands in a research note on Monday, February 3rd. Roth Capital lowered their price objective on Constellation Brands from $298.00 to $284.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Finally, Wells Fargo & Company cut their target price on Constellation Brands from $295.00 to $275.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $254.29.

Insider Buying and Selling

In related news, EVP James A. Jr. Sabia sold 36,086 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $242.99, for a total transaction of $8,768,537.14. Following the transaction, the executive vice president now owns 16,042 shares of the company’s stock, valued at $3,898,045.58. This represents a 69.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William T. Giles bought 1,000 shares of Constellation Brands stock in a transaction on Friday, January 17th. The stock was acquired at an average cost of $186.39 per share, with a total value of $186,390.00. Following the acquisition, the director now owns 1,463 shares of the company’s stock, valued at $272,688.57. This trade represents a 215.98 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 61,746 shares of company stock valued at $15,017,097 over the last ninety days. Corporate insiders own 12.19% of the company’s stock.

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.