CHICAGO TRUST Co NA Sells 155 Shares of Constellation Brands, Inc. (NYSE:STZ)

CHICAGO TRUST Co NA lessened its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 10.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,327 shares of the company’s stock after selling 155 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Constellation Brands were worth $293,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in STZ. Ashton Thomas Private Wealth LLC acquired a new stake in Constellation Brands in the second quarter valued at approximately $36,000. Eastern Bank bought a new position in shares of 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 valued at $35,000 after purchasing an additional 142 shares during the period. FSA Wealth Management LLC bought a new stake in Constellation Brands during the 3rd quarter valued at $42,000. Finally, Fairfield Financial Advisors LTD acquired a new position in Constellation Brands during the second quarter worth $57,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

STZ has been the subject of a number of analyst reports. Piper Sandler reduced their price objective on shares of Constellation Brands from $300.00 to $245.00 and set an “overweight” rating for the company in a report on Monday. Barclays cut their price target on Constellation Brands from $300.00 to $282.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Jefferies Financial Group restated a “hold” rating and issued a $201.00 target price (down previously from $310.00) on shares of Constellation Brands in a report on Monday. Morgan Stanley decreased their price target on Constellation Brands from $280.00 to $220.00 and set an “overweight” rating for the company in a report on Monday. Finally, Needham & Company LLC reissued a “buy” rating and issued a $280.00 price target on shares of Constellation Brands in a research report on Friday. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $268.05.

Insider Buying and Selling at Constellation Brands

In other news, Director Robert Sands sold 119,274 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $242.37, for a total value of $28,908,439.38. Following the completion of the transaction, the director now directly owns 431,729 shares in the company, valued at approximately $104,638,157.73. This trade represents a 21.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Wildstar Partners Llc sold 660 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $241.00, for a total transaction of $159,060.00. Following the transaction, the insider now directly owns 1,736,884 shares of the company’s stock, valued at approximately $418,589,044. This represents a 0.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 188,446 shares of company stock valued at $45,687,281 in the last 90 days. 12.19% of the stock is currently owned by company insiders.

Constellation Brands Stock Up 2.2 %

Shares of NYSE STZ opened at $185.84 on Tuesday. The business’s fifty day moving average price is $230.80 and its 200-day moving average price is $240.79. Constellation Brands, Inc. has a one year low of $176.51 and a one year high of $274.87. The stock has a market capitalization of $33.74 billion, a PE ratio of 60.14, a P/E/G ratio of 1.69 and a beta of 1.75. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.25 and a quick ratio of 0.53.

Constellation Brands (NYSE:STZ) last issued its earnings results on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). Constellation Brands had a return on equity of 25.34% and a net margin of 5.29%. The business had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter in the prior year, the business earned $3.19 EPS. Constellation Brands’s revenue for the quarter was down .3% compared to the same quarter last year. On average, equities research analysts anticipate that Constellation Brands, Inc. will post 13.57 EPS for the current year.

Constellation Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a dividend of $1.01 per share. The ex-dividend date is Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a yield of 2.17%. Constellation Brands’s payout ratio is 130.74%.

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.