Manchester Capital Management LLC Increases Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

Manchester Capital Management LLC lifted its stake in Constellation Brands, Inc. (NYSE:STZ) by 17.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 851 shares of the company’s stock after purchasing an additional 129 shares during the quarter. Manchester Capital Management LLC’s holdings in Constellation Brands were worth $188,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of STZ. Compagnie Lombard Odier SCmA purchased a new position in Constellation Brands during the 4th quarter valued at $27,000. Union Bancaire Privee UBP SA purchased a new position in Constellation Brands during the 4th quarter valued at $28,000. Versant Capital Management Inc boosted its holdings in 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. Eastern Bank purchased a new position in Constellation Brands during the 3rd quarter valued at $39,000. Finally, FSA Wealth Management LLC purchased a new position in Constellation Brands during the 3rd quarter valued at $42,000. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Constellation Brands Stock Down 0.3 %

Shares of STZ stock opened at $162.69 on Friday. Constellation Brands, Inc. has a 1-year low of $160.46 and a 1-year high of $274.87. The stock’s fifty day moving average price is $201.35 and its 200 day moving average price is $228.41. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. The company has a market cap of $29.40 billion, a price-to-earnings ratio of 43.73, a price-to-earnings-growth ratio of 1.51 and a beta of 0.90.

Constellation Brands (NYSE:STZ) last announced its 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 return on equity of 26.55% and a net margin of 6.27%. The business had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.53 billion. During the same quarter last year, the firm earned $3.19 earnings per share. The firm’s quarterly revenue was down .3% compared to the same quarter last year. On average, research analysts expect that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors 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 annualized dividend and a yield of 2.48%. Constellation Brands’s dividend payout ratio (DPR) is 108.60%.

Wall Street Analyst Weigh In

STZ has been the subject of a number of recent analyst reports. Needham & Company LLC restated a “buy” rating and set a $240.00 price objective on shares of Constellation Brands in a report on Monday, January 27th. JPMorgan Chase & Co. restated a “neutral” rating and set a $203.00 price objective (down previously from $262.00) on shares of Constellation Brands in a report on Monday, January 13th. Truist Financial decreased their target price 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. StockNews.com raised Constellation Brands from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Wells Fargo & Company decreased their target price on Constellation Brands from $295.00 to $275.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Constellation Brands currently has an average rating of “Moderate Buy” and an average price target of $254.29.

Insider Buying and Selling

In other Constellation Brands news, major shareholder Wildstar Partners Llc sold 660 shares of the business’s stock in a transaction dated 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 owns 1,736,884 shares in the company, valued at approximately $418,589,044. The trade was a 0.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William T. Giles purchased 1,000 shares of the company’s stock in a transaction on Friday, January 17th. The shares were purchased at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the purchase, the director now owns 1,463 shares in the company, valued at approximately $272,688.57. The trade was a 215.98 % increase in their position. The disclosure for this purchase can be found here. 12.19% of the stock is owned by company 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.