Bryn Mawr Capital Management LLC Has $8.75 Million Position in Constellation Brands, Inc. (NYSE:STZ)

Bryn Mawr Capital Management LLC reduced its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,601 shares of the company’s stock after selling 1,496 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Constellation Brands were worth $8,752,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of STZ. Compagnie Lombard Odier SCmA acquired a new stake in Constellation Brands during the 4th quarter valued at $27,000. Union Bancaire Privee UBP SA acquired a new stake in shares of Constellation Brands in the fourth quarter valued at $28,000. Versant Capital Management Inc raised its holdings in shares of Constellation Brands by 887.5% in the fourth quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock valued at $35,000 after buying an additional 142 shares during the last quarter. Centricity Wealth Management LLC acquired a new position in Constellation Brands during the 4th quarter worth about $35,000. Finally, FSA Wealth Management LLC acquired a new position in Constellation Brands during the 3rd quarter worth about $42,000. Institutional investors own 77.34% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on STZ. Evercore ISI dropped their target price on shares of Constellation Brands from $300.00 to $250.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. TD Cowen decreased their price objective on Constellation Brands from $270.00 to $260.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Morgan Stanley cut their target price on Constellation Brands from $280.00 to $220.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Needham & Company LLC restated a “buy” rating and set a $240.00 target price on shares of Constellation Brands in a research report on Monday, January 27th. Finally, Argus cut Constellation Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $254.29.

Insider Buying and Selling

In related news, Director William T. Giles bought 1,000 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was purchased at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the transaction, the director now owns 1,463 shares in the company, valued at $272,688.57. The trade was a 215.98 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.19% of the stock is currently owned by company insiders.

Constellation Brands Stock Performance

Shares of NYSE STZ opened at $178.27 on Wednesday. The stock has a 50 day moving average of $192.11 and a 200-day moving average of $224.84. Constellation Brands, Inc. has a 12 month low of $160.46 and a 12 month high of $274.87. The company has a market capitalization of $32.22 billion, a P/E ratio of 47.92, 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.

Constellation Brands (NYSE:STZ) last released 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 return on equity of 26.55% and a net margin of 6.27%. The firm 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 business posted $3.19 earnings per share. The business’s revenue for the quarter was down .3% on a year-over-year basis. As a group, equities research analysts predict that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 2.27%. The ex-dividend date was Friday, February 7th. Constellation Brands’s dividend payout ratio (DPR) is currently 108.60%.

Constellation Brands 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.