Howe & Rusling Inc. Sells 594 Shares of Constellation Brands, Inc. (NYSE:STZ)

Howe & Rusling Inc. lessened its stake in Constellation Brands, Inc. (NYSE:STZ) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 55,614 shares of the company’s stock after selling 594 shares during the period. Constellation Brands makes up approximately 1.1% of Howe & Rusling Inc.’s holdings, making the stock its 24th largest position. Howe & Rusling Inc.’s holdings in Constellation Brands were worth $12,291,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Constellation Brands by 13.3% in the fourth quarter. Vanguard Group Inc. now owns 15,534,787 shares of the company’s stock worth $3,433,188,000 after acquiring an additional 1,821,969 shares during the period. State Street Corp boosted its position in Constellation Brands by 6.0% in the third quarter. State Street Corp now owns 7,144,428 shares of the company’s stock worth $1,841,048,000 after purchasing an additional 402,211 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Constellation Brands by 13.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,176,095 shares of the company’s stock valued at $482,919,000 after purchasing an additional 253,445 shares during the period. Janus Henderson Group PLC increased its position in shares of Constellation Brands by 1.2% during the 3rd quarter. Janus Henderson Group PLC now owns 1,853,081 shares of the company’s stock valued at $477,515,000 after purchasing an additional 21,454 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Constellation Brands by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,782,964 shares of the company’s stock worth $394,035,000 after purchasing an additional 38,786 shares during the period. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Stock Up 3.2 %

NYSE STZ opened at $184.05 on Thursday. The stock has a 50 day moving average price of $177.20 and a 200-day moving average price of $215.67. Constellation Brands, Inc. has a one year low of $160.46 and a one year high of $274.87. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. The company has a market capitalization of $33.26 billion, a P/E ratio of 49.48, a P/E/G ratio of 1.52 and a beta of 0.90.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.08). The business had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.53 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. Constellation Brands’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter last year, the business earned $3.19 EPS. As a group, equities analysts predict that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a dividend of $1.01 per share. The ex-dividend date was Friday, February 7th. This represents a $4.04 annualized dividend and a yield of 2.20%. Constellation Brands’s payout ratio is currently 108.60%.

Insider Buying and Selling at Constellation Brands

In related news, Director William T. Giles purchased 1,000 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were bought at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the acquisition, the director now owns 1,463 shares of the company’s stock, valued at approximately $272,688.57. This represents a 215.98 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 12.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on STZ shares. Roth Capital cut their target price on shares of Constellation Brands from $298.00 to $284.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Barclays reduced their price objective on Constellation Brands from $214.00 to $205.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $201.00 target price (down from $310.00) on shares of Constellation Brands in a report on Monday, January 13th. StockNews.com lowered Constellation Brands from a “hold” rating to a “sell” rating in a report on Friday, March 14th. Finally, Piper Sandler downgraded Constellation Brands from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $245.00 to $200.00 in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Constellation Brands presently has a consensus rating of “Hold” and an average target price of $250.41.

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.