Kraematon Investment Advisors Inc. Sells 123 Shares of Constellation Brands, Inc. (NYSE:STZ)

Kraematon Investment Advisors Inc. reduced its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 11.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 962 shares of the company’s stock after selling 123 shares during the quarter. Kraematon Investment Advisors Inc.’s holdings in Constellation Brands were worth $213,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in Constellation Brands by 31.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,002,332 shares of the company’s stock worth $257,865,000 after buying an additional 241,982 shares during the last quarter. Argent Trust Co grew its position in shares of Constellation Brands by 11.7% during the 2nd quarter. Argent Trust Co now owns 9,595 shares of the company’s stock valued at $2,469,000 after acquiring an additional 1,004 shares during the period. Tredje AP fonden increased its stake in shares of Constellation Brands by 148.4% during the 2nd quarter. Tredje AP fonden now owns 25,106 shares of the company’s stock worth $6,459,000 after purchasing an additional 15,000 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Constellation Brands by 20.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,675 shares of the company’s stock worth $2,694,000 after purchasing an additional 1,783 shares during the period. Finally, Waterloo Capital L.P. grew its holdings in Constellation Brands by 10.6% during the second quarter. Waterloo Capital L.P. now owns 3,943 shares of the company’s stock valued at $1,014,000 after purchasing an additional 378 shares during the period. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Constellation Brands Trading Up 2.2 %

NYSE:STZ opened at $184.66 on Friday. The firm has a market capitalization of $33.53 billion, a P/E ratio of 49.64, a P/E/G ratio of 1.28 and a beta of 0.91. The company has a quick ratio of 0.53, a current ratio of 1.25 and a debt-to-equity ratio of 1.31. The company has a fifty day moving average of $228.73 and a 200 day moving average of $239.85. Constellation Brands, Inc. has a 52 week low of $176.51 and a 52 week high of $274.87.

Constellation Brands (NYSE:STZ) last issued 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 firm 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 5.29% and a return on equity of 25.34%. The business’s revenue was down .3% on a year-over-year basis. During the same period last year, the company posted $3.19 earnings per share. On average, research analysts predict that Constellation Brands, Inc. will post 13.72 earnings per share for the current year.

Constellation Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a dividend of $1.01 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.04 annualized dividend and a dividend yield of 2.19%. Constellation Brands’s dividend payout ratio (DPR) is presently 108.60%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Truist Financial dropped their price target on Constellation Brands from $255.00 to $190.00 and set a “hold” rating on the stock in a research report on Tuesday. Needham & Company LLC reiterated a “buy” rating and issued a $280.00 target price on shares of Constellation Brands in a research note on Friday, January 10th. JPMorgan Chase & Co. restated a “neutral” rating and set a $203.00 price target (down from $262.00) on shares of Constellation Brands in a research note on Monday. Jefferies Financial Group reiterated a “hold” rating and issued a $201.00 price objective (down from $310.00) on shares of Constellation Brands in a research note on Monday. Finally, Morgan Stanley dropped their target price on Constellation Brands from $280.00 to $220.00 and set an “overweight” rating on the stock in a research report on Monday. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Constellation Brands currently has an average rating of “Moderate Buy” and a consensus price target of $261.40.

Insider Activity at Constellation Brands

In related news, CEO William A. Newlands sold 7,426 shares of the business’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $237.24, for a total transaction of $1,761,744.24. Following the transaction, the chief executive officer now owns 7,274 shares in the company, valued at $1,725,683.76. The trade was a 50.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Wildstar Partners Llc sold 660 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total transaction of $159,060.00. Following the completion of the sale, the insider now owns 1,736,884 shares of the company’s stock, valued at $418,589,044. This trade represents a 0.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 69,172 shares of company stock worth $16,778,841 over the last quarter. 12.19% of the stock is owned by corporate insiders.

Constellation Brands Company 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.