Bartlett & CO. Wealth Management LLC Has $3.82 Million Position in Constellation Brands, Inc. (NYSE:STZ)

Bartlett & CO. Wealth Management LLC cut its holdings in Constellation Brands, Inc. (NYSE:STZ) by 7.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 17,275 shares of the company’s stock after selling 1,390 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Constellation Brands were worth $3,818,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. State Street Corp grew its holdings in shares of Constellation Brands by 6.0% during the third quarter. State Street Corp now owns 7,144,428 shares of the company’s stock worth $1,841,048,000 after buying an additional 402,211 shares in the last quarter. Janus Henderson Group PLC grew its stake 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 worth $477,515,000 after acquiring an additional 21,454 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Constellation Brands by 5.7% in the second quarter. Legal & General Group Plc now owns 1,335,976 shares of the company’s stock valued at $343,717,000 after purchasing an additional 72,637 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Constellation Brands by 23,184.7% in the third quarter. International Assets Investment Management LLC now owns 499,689 shares of the company’s stock worth $128,765,000 after purchasing an additional 497,543 shares in the last quarter. Finally, National Pension Service boosted its holdings in Constellation Brands by 13.6% during the third quarter. National Pension Service now owns 381,755 shares of the company’s stock worth $98,374,000 after purchasing an additional 45,707 shares during the last quarter. 77.34% of the stock is owned by institutional investors.

Insider Buying and Selling at Constellation Brands

In related news, Director William T. Giles acquired 1,000 shares of the company’s stock in a transaction on Friday, January 17th. The stock was purchased at an average cost of $186.39 per share, with a total value of $186,390.00. Following the acquisition, the director now directly owns 1,463 shares of the company’s stock, valued at approximately $272,688.57. The trade was a 215.98 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP James A. Jr. Sabia sold 36,086 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $242.99, for a total value of $8,768,537.14. Following the sale, the executive vice president now directly owns 16,042 shares in the company, valued at approximately $3,898,045.58. This trade represents a 69.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 69,172 shares of company stock valued at $16,778,841 in the last quarter. Company insiders own 12.19% of the company’s stock.

Constellation Brands Trading Up 0.2 %

Shares of NYSE:STZ opened at $179.36 on Friday. Constellation Brands, Inc. has a 12-month low of $176.51 and a 12-month high of $274.87. The business has a 50 day moving average of $223.36 and a 200-day moving average of $237.32. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. The stock has a market cap of $32.42 billion, a PE ratio of 48.21, a P/E/G ratio of 1.61 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last issued 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). Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The firm had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.53 billion. During the same period in the prior year, the company earned $3.19 earnings per share. The business’s quarterly revenue was down .3% compared to the same quarter last year. As a group, equities research analysts forecast that Constellation Brands, Inc. will post 13.52 earnings per share for the current year.

Constellation Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Friday, February 7th. Constellation Brands’s dividend payout ratio is currently 108.60%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on STZ shares. TD Cowen lowered their price target on shares of Constellation Brands from $270.00 to $260.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $280.00 target price on shares of Constellation Brands in a research report on Friday, January 10th. 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 report on Monday, January 13th. Jefferies Financial Group restated a “hold” rating and issued a $201.00 price target (down from $310.00) on shares of Constellation Brands in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $203.00 price objective (down previously from $262.00) on shares of Constellation Brands in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $259.05.

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.