Constellation Brands, Inc. (NYSE:STZ) Stake Lessened by WD Rutherford LLC

WD Rutherford LLC cut its stake in Constellation Brands, Inc. (NYSE:STZ) by 4.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,217 shares of the company’s stock after selling 481 shares during the period. WD Rutherford LLC’s holdings in Constellation Brands were worth $2,258,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Oakworth Capital Inc. raised its stake in shares of Constellation Brands by 4.4% during the 3rd quarter. Oakworth Capital Inc. now owns 989 shares of the company’s stock worth $255,000 after purchasing an additional 42 shares in the last quarter. PFG Investments LLC raised its position in Constellation Brands by 3.8% during the third quarter. PFG Investments LLC now owns 1,150 shares of the company’s stock valued at $296,000 after acquiring an additional 42 shares in the last quarter. Metis Global Partners LLC lifted its stake in Constellation Brands by 0.8% in the third quarter. Metis Global Partners LLC now owns 5,570 shares of the company’s stock valued at $1,435,000 after acquiring an additional 46 shares during the last quarter. Rosenberg Matthew Hamilton grew its position in Constellation Brands by 6.2% in the third quarter. Rosenberg Matthew Hamilton now owns 858 shares of the company’s stock worth $221,000 after acquiring an additional 50 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL increased its stake in shares of Constellation Brands by 4.6% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 1,158 shares of the company’s stock worth $298,000 after purchasing an additional 51 shares during the last quarter. 77.34% of the stock is currently owned by institutional investors.

Constellation Brands Price Performance

NYSE:STZ opened at $162.69 on Friday. The company has a market capitalization of $29.40 billion, a price-to-earnings ratio of 43.73, a PEG ratio of 1.51 and a beta of 0.90. The company has a 50-day moving average of $201.35 and a 200-day moving average of $228.41. Constellation Brands, Inc. has a 52 week low of $160.46 and a 52 week high of $274.87. 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 (NYSE:STZ) last released its quarterly earnings data on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $2.53 billion. During the same period in the previous year, the firm posted $3.19 earnings per share. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. As a group, equities research analysts anticipate that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a dividend of $1.01 per share. 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 2.48%. Constellation Brands’s payout ratio is presently 108.60%.

Analysts Set New Price Targets

STZ has been the subject of several analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and issued a $201.00 price objective (down previously from $310.00) on shares of Constellation Brands in a research note on Monday, January 13th. Piper Sandler downgraded Constellation Brands from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $245.00 to $200.00 in a research note on Monday, February 3rd. TD Cowen cut their price objective on Constellation Brands from $270.00 to $260.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $240.00 target price on shares of Constellation Brands in a research report on Monday, January 27th. Finally, BNP Paribas began coverage on shares of Constellation Brands in a research report on Monday, November 25th. They issued a “neutral” rating and a $261.00 price target on the stock. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $254.29.

Insider Activity

In other news, 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 value of $159,060.00. Following the transaction, the insider now directly owns 1,736,884 shares of the company’s stock, valued at $418,589,044. The trade was a 0.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William T. Giles purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The shares were acquired at an average cost of $186.39 per share, with a total value of $186,390.00. Following the completion of the acquisition, the director now directly owns 1,463 shares in the company, valued at approximately $272,688.57. This represents a 215.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 12.19% of the stock is owned by corporate insiders.

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.