Pinnacle Financial Partners Inc Has $1.63 Million Stake in Constellation Brands, Inc. (NYSE:STZ)

Pinnacle Financial Partners Inc trimmed its stake in Constellation Brands, Inc. (NYSE:STZ) by 2.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,204 shares of the company’s stock after selling 177 shares during the period. Pinnacle Financial Partners Inc’s holdings in Constellation Brands were worth $1,633,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Compagnie Lombard Odier SCmA acquired a new stake in Constellation Brands in the 4th quarter worth $27,000. Union Bancaire Privee UBP SA acquired a new stake in Constellation Brands in the 4th quarter worth $28,000. Eastern Bank acquired a new stake in Constellation Brands in the 3rd quarter worth $39,000. Versant Capital Management Inc grew 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 worth $35,000 after purchasing an additional 142 shares during the last quarter. Finally, Centricity Wealth Management LLC acquired a new stake in shares of Constellation Brands during the 4th quarter valued at about $35,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $293.00 target price on shares of Constellation Brands in a research report on Monday, February 3rd. Evercore ISI decreased their target price on shares of Constellation Brands from $300.00 to $250.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Argus lowered shares of Constellation Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Roth Capital decreased their target price on shares of Constellation Brands from $298.00 to $284.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $240.00 target price on shares of Constellation Brands in a research report on Monday, January 27th. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Constellation Brands presently has a consensus rating of “Moderate Buy” and an average price target of $254.29.

Constellation Brands Trading Up 2.1 %

Shares of NYSE STZ opened at $176.00 on Monday. Constellation Brands, Inc. has a 1-year low of $160.46 and a 1-year high of $274.87. The company has a market cap of $31.81 billion, a PE ratio of 47.31, a P/E/G ratio of 1.52 and a beta of 1.75. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. The company has a 50-day moving average of $194.29 and a two-hundred day moving average of $225.71.

Constellation Brands (NYSE:STZ) last issued 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). 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 analyst estimates of $2.53 billion. During the same quarter in the prior year, the firm earned $3.19 EPS. The firm’s quarterly revenue was down .3% compared to the same quarter last year. As a group, equities analysts expect that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

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

Insider Transactions at Constellation Brands

In other news, Director William T. Giles acquired 1,000 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The stock was purchased at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the completion of the acquisition, the director now owns 1,463 shares in the company, valued at $272,688.57. This trade represents a 215.98 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 12.19% of the stock is owned by corporate insiders.

About Constellation Brands

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.