Choreo LLC Has $1.40 Million Position in Constellation Brands, Inc. (NYSE:STZ)

Choreo LLC reduced its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 5.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,363 shares of the company’s stock after selling 371 shares during the quarter. Choreo LLC’s holdings in Constellation Brands were worth $1,400,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of STZ. Union Bancaire Privee UBP SA acquired a new position in shares of Constellation Brands during the 4th quarter worth about $28,000. Versant Capital Management Inc grew its position in shares of Constellation Brands by 887.5% in the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock valued at $35,000 after purchasing an additional 142 shares during the period. Eastern Bank acquired a new position in shares of Constellation Brands in the 3rd quarter valued at approximately $39,000. FSA Wealth Management LLC acquired a new position in shares of Constellation Brands in the 3rd quarter valued at approximately $42,000. Finally, Truvestments Capital LLC acquired a new position in shares of Constellation Brands in the 3rd quarter valued at approximately $60,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Constellation Brands Trading Down 1.1 %

NYSE STZ opened at $169.05 on Friday. The company has a market cap of $30.55 billion, a PE ratio of 45.44, a PEG ratio of 1.59 and a beta of 0.90. 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 $166.02 and a 12 month high of $274.87. The stock has a 50 day moving average of $210.28 and a 200-day moving average of $231.88.

Constellation Brands (NYSE:STZ) last released 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). Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The company had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.53 billion. During the same period in the previous year, the company posted $3.19 EPS. The company’s quarterly revenue was down .3% compared to the same quarter last year. On average, equities research analysts anticipate that Constellation Brands, Inc. will post 13.52 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Friday, February 7th. Constellation Brands’s dividend payout ratio (DPR) is presently 108.60%.

Wall Street Analysts Forecast Growth

STZ has been the subject of several research analyst reports. Morgan Stanley decreased their price objective on Constellation Brands from $280.00 to $220.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Piper Sandler lowered Constellation Brands from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $245.00 to $200.00 in a research report on Monday, February 3rd. BMO Capital Markets decreased their price objective on Constellation Brands from $315.00 to $305.00 and set an “outperform” rating for the company in a research report on Tuesday, October 15th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $203.00 price objective (down from $262.00) on shares of Constellation Brands in a research report on Monday, January 13th. Finally, Evercore ISI decreased their price objective on Constellation Brands from $300.00 to $250.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $254.29.

Insider Activity at Constellation Brands

In related news, major shareholder Wildstar Partners Llc sold 660 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total value of $159,060.00. Following the sale, the insider now owns 1,736,884 shares in the company, valued at approximately $418,589,044. This represents a 0.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William T. Giles acquired 1,000 shares of the stock in a transaction on Friday, January 17th. The shares were purchased at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the transaction, the director now directly owns 1,463 shares in the company, 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. In the last quarter, insiders have sold 61,746 shares of company stock worth $15,017,097. Company insiders own 12.19% of the company’s stock.

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.