Investment House LLC Sells 20,577 Shares of Constellation Brands, Inc. (NYSE:STZ)

Investment House LLC lessened its stake in Constellation Brands, Inc. (NYSE:STZ) by 81.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,588 shares of the company’s stock after selling 20,577 shares during the period. Investment House LLC’s holdings in Constellation Brands were worth $1,014,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Empowered Funds LLC raised its stake in shares of Constellation Brands by 318.8% during the third quarter. Empowered Funds LLC now owns 10,184 shares of the company’s stock worth $2,624,000 after buying an additional 7,752 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in Constellation Brands by 13.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 7,341 shares of the company’s stock worth $1,892,000 after acquiring an additional 845 shares during the period. Pathstone Holdings LLC raised its position in shares of Constellation Brands by 7.2% during the 3rd quarter. Pathstone Holdings LLC now owns 24,933 shares of the company’s stock valued at $6,425,000 after acquiring an additional 1,681 shares during the last quarter. Prospera Financial Services Inc lifted its stake in shares of Constellation Brands by 42.5% in the 3rd quarter. Prospera Financial Services Inc now owns 3,919 shares of the company’s stock valued at $1,010,000 after purchasing an additional 1,168 shares during the period. Finally, Banque Cantonale Vaudoise boosted its position in shares of Constellation Brands by 274.2% in the 3rd quarter. Banque Cantonale Vaudoise now owns 18,259 shares of the company’s stock worth $4,705,000 after purchasing an additional 13,379 shares during the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Insider Activity at Constellation Brands

In related news, Director William T. Giles purchased 1,000 shares of the firm’s stock in a transaction on 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 completion of the purchase, the director now directly 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.19% of the stock is owned by company insiders.

Constellation Brands Trading Down 0.2 %

NYSE STZ opened at $178.99 on Thursday. The stock has a market capitalization of $32.35 billion, a price-to-earnings ratio of 48.11, a PEG ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a 52 week low of $160.46 and a 52 week high of $274.87. The stock’s 50 day moving average price is $178.20 and its two-hundred day moving average price is $217.99. 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 announced its quarterly earnings data on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). The business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.53 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The business’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.19 EPS. As a group, 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 was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend was Friday, February 7th. Constellation Brands’s payout ratio is 108.60%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on STZ shares. Piper Sandler downgraded Constellation Brands from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $245.00 to $200.00 in a report on Monday, February 3rd. 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. Barclays decreased their price objective on shares of Constellation Brands from $214.00 to $205.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Wells Fargo & Company cut their target price on shares of Constellation Brands from $295.00 to $275.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Finally, Morgan Stanley lowered shares of Constellation Brands from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $220.00 to $202.00 in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Constellation Brands has a consensus rating of “Hold” and a consensus price target of $252.81.

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.