Atlas Capital Advisors Inc. Sells 600 Shares of Constellation Brands, Inc. (NYSE:STZ)

Atlas Capital Advisors Inc. lessened its holdings in Constellation Brands, Inc. (NYSE:STZ) by 26.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,668 shares of the company’s stock after selling 600 shares during the period. Atlas Capital Advisors Inc.’s holdings in Constellation Brands were worth $369,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of STZ. Van ECK Associates Corp lifted its holdings in Constellation Brands by 1,844.7% during the fourth quarter. Van ECK Associates Corp now owns 924,274 shares of the company’s stock worth $204,265,000 after buying an additional 876,745 shares during the period. Copperleaf Capital LLC purchased a new stake in shares of Constellation Brands during the 4th quarter worth $343,000. Grimes & Company Inc. bought a new stake in Constellation Brands during the fourth quarter valued at about $6,099,000. Empowered Funds LLC grew its stake in Constellation Brands by 62.8% in the fourth quarter. Empowered Funds LLC now owns 16,575 shares of the company’s stock valued at $3,663,000 after purchasing an additional 6,391 shares during the last quarter. Finally, Southern Style Financial Inc. purchased a new stake in shares of Constellation Brands during the fourth quarter valued at about $3,074,000. 77.34% of the stock is currently owned by institutional investors.

Insider Transactions at Constellation Brands

In related news, Director William T. Giles acquired 1,000 shares of Constellation Brands stock in a transaction on Friday, January 17th. The stock was bought 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 owns 1,463 shares of the company’s stock, valued at approximately $272,688.57. The trade was a 215.98 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 12.19% of the company’s stock.

Constellation Brands Price Performance

NYSE:STZ opened at $173.79 on Friday. The company has a 50 day moving average price of $177.14 and a 200-day moving average price of $212.55. Constellation Brands, Inc. has a 1-year low of $160.46 and a 1-year high of $274.87. The firm has a market cap of $31.41 billion, a price-to-earnings ratio of 46.72, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46.

Constellation Brands (NYSE:STZ) last posted its earnings results on Friday, January 10th. The company reported $3.25 earnings per share (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 firm had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.53 billion. During the same period in the previous year, the company earned $3.19 earnings per share. The company’s revenue was down .3% compared to the same quarter last year. Equities research analysts forecast that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date was Friday, February 7th. Constellation Brands’s dividend payout ratio (DPR) is presently 108.60%.

Analyst Upgrades and Downgrades

Several research firms recently commented on STZ. Truist Financial reduced their price objective on shares of Constellation Brands from $255.00 to $190.00 and set a “hold” rating for the company in a research note on Tuesday, January 14th. StockNews.com lowered Constellation Brands from a “hold” rating to a “sell” rating in a report on Friday, March 14th. Roth Mkm dropped their target price on Constellation Brands from $284.00 to $256.00 and set a “buy” rating on the stock in a research note on Thursday. Wells Fargo & Company decreased their price target on Constellation Brands from $230.00 to $210.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Royal Bank of Canada dropped their price target on Constellation Brands from $293.00 to $289.00 and set an “outperform” rating on the stock in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Constellation Brands has an average rating of “Hold” and an average target price of $244.32.

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.