Cohen Capital Management Inc. Buys 400 Shares of Constellation Brands, Inc. (NYSE:STZ)

Cohen Capital Management Inc. grew its stake in Constellation Brands, Inc. (NYSE:STZ) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,493 shares of the company’s stock after purchasing an additional 400 shares during the quarter. Constellation Brands makes up about 1.7% of Cohen Capital Management Inc.’s holdings, making the stock its 19th largest position. Cohen Capital Management Inc.’s holdings in Constellation Brands were worth $10,275,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of STZ. Allspring Global Investments Holdings LLC lifted its holdings in shares of Constellation Brands by 17.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 12,361 shares of the company’s stock valued at $3,185,000 after purchasing an additional 1,833 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Constellation Brands by 13.1% in the third quarter. Sequoia Financial Advisors LLC now owns 4,961 shares of the company’s stock valued at $1,278,000 after purchasing an additional 573 shares in the last quarter. Eastern Bank purchased a new stake in shares of Constellation Brands during the third quarter valued at approximately $39,000. International Assets Investment Management LLC increased its position in shares of Constellation Brands by 23,184.7% during the third quarter. International Assets Investment Management LLC now owns 499,689 shares of the company’s stock valued at $128,765,000 after acquiring an additional 497,543 shares during the last quarter. Finally, Tectonic Advisors LLC increased its position in shares of Constellation Brands by 1.9% during the third quarter. Tectonic Advisors LLC now owns 3,480 shares of the company’s stock valued at $897,000 after acquiring an additional 64 shares during the last quarter. Institutional investors own 77.34% of the company’s stock.

Insider Buying and Selling

In other Constellation Brands news, Director William T. Giles bought 1,000 shares of Constellation Brands stock in a transaction that occurred on Friday, January 17th. The stock was acquired at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the completion of the transaction, the director now directly owns 1,463 shares in the company, valued at $272,688.57. This represents a 215.98 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 12.19% of the stock is owned by company insiders.

Constellation Brands Stock Performance

NYSE:STZ opened at $176.00 on Friday. 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 52-week low of $160.46 and a 52-week high of $274.87. The firm has a market cap of $31.81 billion, a price-to-earnings ratio of 47.31, a PEG ratio of 1.52 and a beta of 1.75. The business’s fifty day moving average is $194.29 and its 200 day moving average is $225.79.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Friday, January 10th. The company reported $3.25 earnings per share (EPS) 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 the consensus estimate of $2.53 billion. During the same quarter in the previous year, the firm posted $3.19 earnings per share. The business’s revenue for the quarter was down .3% compared to the same quarter last year. Research analysts predict that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend was Friday, February 7th. Constellation Brands’s payout ratio is 108.60%.

Analyst Ratings Changes

A number of brokerages recently commented on STZ. Jefferies Financial Group reaffirmed a “hold” rating and set a $201.00 price target (down from $310.00) on shares of Constellation Brands in a research report on Monday, January 13th. UBS Group decreased their price target on Constellation Brands from $265.00 to $223.00 and set a “buy” rating for the company in a research report on Friday, January 17th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $203.00 price target (down from $262.00) on shares of Constellation Brands in a research report on Monday, January 13th. TD Cowen decreased their price target on Constellation Brands from $270.00 to $260.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Finally, Argus downgraded Constellation Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $254.29.

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.