Valeo Financial Advisors LLC Cuts Holdings in Constellation Brands, Inc. (NYSE:STZ)

Valeo Financial Advisors LLC decreased its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 9.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,019 shares of the company’s stock after selling 1,434 shares during the period. Valeo Financial Advisors LLC’s holdings in Constellation Brands were worth $2,877,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in STZ. Compagnie Lombard Odier SCmA purchased a new position in shares of Constellation Brands during the fourth quarter valued at about $27,000. Union Bancaire Privee UBP SA purchased a new position in shares of Constellation Brands during the fourth quarter valued at about $28,000. Versant Capital Management Inc grew its position in shares of Constellation Brands by 887.5% during the fourth 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 during the third quarter valued at about $39,000. Finally, FSA Wealth Management LLC purchased a new position in shares of Constellation Brands during the third quarter valued at about $42,000. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on STZ shares. Barclays cut their price objective on Constellation Brands from $282.00 to $214.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Roth Capital dropped their price target 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. StockNews.com upgraded Constellation Brands from a “sell” rating to a “hold” rating in a research report on Thursday. Truist Financial dropped their price target on Constellation Brands from $255.00 to $190.00 and set a “hold” rating for the company in a research report on Tuesday, January 14th. Finally, BNP Paribas initiated coverage on Constellation Brands in a research report on Monday, November 25th. They issued a “neutral” rating and a $261.00 price target for the company. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $254.29.

Insider Activity

In other Constellation Brands news, Director William T. Giles acquired 1,000 shares of Constellation Brands stock in a transaction that occurred 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 completion of the purchase, the director now directly owns 1,463 shares of the company’s stock, valued at approximately $272,688.57. This represents a 215.98 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Wildstar Partners Llc sold 660 shares of the business’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 completion of the transaction, the insider now directly owns 1,736,884 shares of the company’s stock, valued at $418,589,044. This trade represents a 0.04 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.19% of the company’s stock.

Constellation Brands Stock Performance

Constellation Brands stock opened at $162.69 on Friday. The company has a 50 day moving average price of $202.88 and a 200-day moving average price of $228.99. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. Constellation Brands, Inc. has a fifty-two week low of $160.46 and a fifty-two week high of $274.87. The company has a market capitalization of $29.40 billion, a PE ratio of 43.73, a P/E/G ratio of 1.51 and a beta of 0.90.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings results on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing the consensus estimate of $3.33 by ($0.08). Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same period in the prior year, the firm posted $3.19 EPS. The business’s revenue was down .3% on a year-over-year basis. As a group, equities analysts forecast that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Dividend Announcement

The business 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. This represents a $4.04 annualized dividend and a dividend yield of 2.48%. The ex-dividend date is Friday, February 7th. Constellation Brands’s dividend payout ratio is presently 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.