Curbstone Financial Management Corp Has $429,000 Stake in Constellation Brands, Inc. (NYSE:STZ)

Curbstone Financial Management Corp grew its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 5.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,940 shares of the company’s stock after acquiring an additional 106 shares during the period. Curbstone Financial Management Corp’s holdings in Constellation Brands were worth $429,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in STZ. State Street Corp boosted its position in shares of Constellation Brands by 6.0% during the 3rd quarter. State Street Corp now owns 7,144,428 shares of the company’s stock valued at $1,841,048,000 after purchasing an additional 402,211 shares in the last quarter. Janus Henderson Group PLC grew 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 worth $477,515,000 after buying an additional 21,454 shares during the period. International Assets Investment Management LLC increased its stake in shares of Constellation Brands by 23,184.7% in the 3rd quarter. International Assets Investment Management LLC now owns 499,689 shares of the company’s stock valued at $128,765,000 after acquiring an additional 497,543 shares in the last quarter. National Pension Service increased its stake in shares of Constellation Brands by 13.6% in the 3rd quarter. National Pension Service now owns 381,755 shares of the company’s stock valued at $98,374,000 after acquiring an additional 45,707 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Constellation Brands by 66.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 369,966 shares of the company’s stock valued at $81,762,000 after acquiring an additional 147,457 shares during the period. 77.34% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP James A. Jr. Sabia sold 36,086 shares of the business’s stock in a transaction dated 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. The trade was a 69.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William T. Giles bought 1,000 shares of the business’s stock in a transaction on Friday, January 17th. The shares were acquired at an average price of $186.39 per share, with a total value of $186,390.00. Following the transaction, the director now directly owns 1,463 shares of the company’s stock, valued at approximately $272,688.57. This trade represents a 215.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 61,746 shares of company stock valued at $15,017,097 in the last 90 days. Insiders own 12.19% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Jefferies Financial Group reaffirmed 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. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $203.00 target price (down from $262.00) on shares of Constellation Brands in a research report on Monday, January 13th. Piper Sandler cut their price target on Constellation Brands from $300.00 to $245.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. Argus lowered Constellation Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, UBS Group reduced their price target on shares of Constellation Brands from $265.00 to $223.00 and set a “buy” rating for the company in a research report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $257.14.

Constellation Brands Stock Performance

Shares of Constellation Brands stock opened at $187.84 on Tuesday. The business’s fifty day simple moving average is $221.02 and its 200 day simple moving average is $236.20. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. Constellation Brands, Inc. has a 12 month low of $176.51 and a 12 month high of $274.87. The firm has a market capitalization of $33.95 billion, a P/E ratio of 50.49, a price-to-earnings-growth ratio of 1.58 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last released 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). The company 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%. The firm’s revenue was down .3% on a year-over-year basis. During the same period in the prior year, the company earned $3.19 earnings per share. As a group, analysts anticipate that Constellation Brands, Inc. will post 13.52 EPS for the current year.

Constellation Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a $1.01 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.04 annualized dividend and a dividend yield of 2.15%. Constellation Brands’s payout ratio is presently 108.60%.

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.