Greenleaf Trust Lowers Holdings in Constellation Brands, Inc. (NYSE:STZ)

Greenleaf Trust reduced its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 8.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,302 shares of the company’s stock after selling 218 shares during the period. Greenleaf Trust’s holdings in Constellation Brands were worth $509,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Oakworth Capital Inc. boosted its position in shares of Constellation Brands by 4.4% in the 3rd quarter. Oakworth Capital Inc. now owns 989 shares of the company’s stock worth $255,000 after buying an additional 42 shares in the last quarter. PFG Investments LLC raised its position in Constellation Brands by 3.8% during the third quarter. PFG Investments LLC now owns 1,150 shares of the company’s stock worth $296,000 after acquiring an additional 42 shares during the last quarter. Metis Global Partners LLC lifted its holdings in shares of Constellation Brands by 0.8% in the third quarter. Metis Global Partners LLC now owns 5,570 shares of the company’s stock valued at $1,435,000 after purchasing an additional 46 shares in the last quarter. Rosenberg Matthew Hamilton lifted its holdings in shares of Constellation Brands by 6.2% in the third quarter. Rosenberg Matthew Hamilton now owns 858 shares of the company’s stock valued at $221,000 after purchasing an additional 50 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL grew its position in shares of Constellation Brands by 4.6% in the third quarter. Strategic Investment Solutions Inc. IL now owns 1,158 shares of the company’s stock valued at $298,000 after purchasing an additional 51 shares during the last quarter. 77.34% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Constellation Brands news, major shareholder Wildstar Partners Llc sold 660 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $241.00, for a total value of $159,060.00. Following the completion of the transaction, the insider now directly owns 1,736,884 shares of the company’s stock, valued at $418,589,044. This represents a 0.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director William T. Giles bought 1,000 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were acquired at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the completion of the transaction, the director now owns 1,463 shares of the company’s stock, valued at approximately $272,688.57. The trade was a 215.98 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 61,746 shares of company stock worth $15,017,097 in the last 90 days. 12.19% of the stock is owned by company insiders.

Constellation Brands Trading Down 1.0 %

Shares of STZ stock opened at $172.72 on Wednesday. Constellation Brands, Inc. has a fifty-two week low of $166.02 and a fifty-two week high of $274.87. The firm’s 50 day moving average price is $214.07 and its two-hundred day moving average price is $233.24. The stock has a market cap of $31.22 billion, a price-to-earnings ratio of 46.43, a price-to-earnings-growth ratio of 1.59 and a beta of 0.90. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26.

Constellation Brands (NYSE:STZ) last announced its quarterly 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 26.55% and a net margin of 6.27%. The business had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.53 billion. During the same period last year, the company posted $3.19 earnings per share. The firm’s revenue for the quarter was down .3% on a year-over-year basis. On average, analysts anticipate that Constellation Brands, Inc. will post 13.52 EPS for the current year.

Constellation Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 2.34%. The ex-dividend date is Friday, February 7th. Constellation Brands’s dividend payout ratio (DPR) is presently 108.60%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on STZ. TD Cowen cut their price objective on Constellation Brands from $270.00 to $260.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Royal Bank of Canada restated an “outperform” rating and issued a $293.00 price objective on shares of Constellation Brands in a research report on Monday. Morgan Stanley decreased their price objective on Constellation Brands from $280.00 to $220.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. StockNews.com downgraded shares of Constellation Brands from a “hold” rating to a “sell” rating in a research note on Tuesday, January 28th. Finally, Barclays decreased their price target on shares of Constellation Brands from $282.00 to $214.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, Constellation Brands currently has a consensus rating of “Moderate Buy” and an average price target of $254.29.

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.