Constellation Brands, Inc. (NYSE:STZ) Shares Bought by Kennedy Investment Group

Kennedy Investment Group raised its stake in Constellation Brands, Inc. (NYSE:STZ) by 2.3% during the 4th quarter, HoldingsChannel reports. The firm owned 5,212 shares of the company’s stock after acquiring an additional 119 shares during the period. Kennedy Investment Group’s holdings in Constellation Brands were worth $1,152,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BSW Wealth Partners boosted its position in Constellation Brands by 4.2% during the fourth quarter. BSW Wealth Partners now owns 1,563 shares of the company’s stock worth $345,000 after purchasing an additional 63 shares in the last quarter. Curbstone Financial Management Corp raised its holdings in shares of Constellation Brands by 5.8% in the fourth quarter. Curbstone Financial Management Corp now owns 1,940 shares of the company’s stock worth $429,000 after acquiring an additional 106 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its holdings in shares of Constellation Brands by 12.0% in the fourth quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 9,047 shares of the company’s stock worth $1,999,000 after acquiring an additional 966 shares during the last quarter. Berkshire Bank raised its holdings in shares of Constellation Brands by 51.0% in the fourth quarter. Berkshire Bank now owns 1,510 shares of the company’s stock worth $334,000 after acquiring an additional 510 shares during the last quarter. Finally, Clio Asset Management LLC acquired a new position in shares of Constellation Brands in the fourth quarter worth $442,000. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Constellation Brands Trading Down 2.5 %

NYSE:STZ opened at $183.16 on Wednesday. The company has a 50-day moving average price of $220.02 and a 200-day moving average price of $235.70. Constellation Brands, Inc. has a 12 month low of $176.51 and a 12 month high of $274.87. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. The stock has a market cap of $33.10 billion, a price-to-earnings ratio of 49.24, a P/E/G ratio of 1.58 and a beta of 0.91.

Constellation Brands (NYSE:STZ) last issued 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). The firm had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.53 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The company’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.19 EPS. Equities analysts predict that Constellation Brands, Inc. will post 13.52 EPS for the current year.

Constellation Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a $1.01 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.21%. Constellation Brands’s dividend payout ratio (DPR) is presently 108.60%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on STZ. BNP Paribas began coverage on Constellation Brands in a report on Monday, November 25th. They issued a “neutral” rating and a $261.00 price target for the company. UBS Group dropped their target price on Constellation Brands from $265.00 to $223.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Royal Bank of Canada reiterated an “outperform” rating and issued a $308.00 target price on shares of Constellation Brands in a research note on Tuesday, January 7th. Truist Financial dropped their target price on Constellation Brands from $255.00 to $190.00 and set a “hold” rating for the company in a research note on Tuesday, January 14th. Finally, Bank of America restated a “neutral” rating and set a $255.00 price target (down from $300.00) on shares of Constellation Brands in a research note on Monday, October 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $257.14.

Insider Transactions at Constellation Brands

In other Constellation Brands news, major shareholder Wildstar Partners Llc sold 660 shares of the stock in a transaction 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 completion of the transaction, the insider now owns 1,736,884 shares in the company, valued at $418,589,044. This trade represents a 0.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William T. Giles acquired 1,000 shares of the 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 $272,688.57. The trade was a 215.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 61,746 shares of company stock valued at $15,017,097 over the last three months. Corporate insiders own 12.19% of the company’s stock.

Constellation Brands 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.