Brandywine Global Investment Management LLC Has $5.12 Million Stake in Constellation Brands, Inc. (NYSE:STZ)

Brandywine Global Investment Management LLC lessened its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 7.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 23,180 shares of the company’s stock after selling 1,950 shares during the period. Brandywine Global Investment Management LLC’s holdings in Constellation Brands were worth $5,123,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of STZ. Allworth Financial LP increased its stake in Constellation Brands by 0.8% in the fourth quarter. Allworth Financial LP now owns 7,357 shares of the company’s stock valued at $1,626,000 after purchasing an additional 59 shares in the last quarter. BSW Wealth Partners increased its position in Constellation Brands by 4.2% in the 4th quarter. BSW Wealth Partners now owns 1,563 shares of the company’s stock valued at $345,000 after buying an additional 63 shares in the last quarter. Philip James Wealth Mangement LLC raised its stake in Constellation Brands by 8.0% during the 4th quarter. Philip James Wealth Mangement LLC now owns 923 shares of the company’s stock worth $204,000 after buying an additional 68 shares during the period. Oak Asset Management LLC boosted its holdings in Constellation Brands by 0.4% in the fourth quarter. Oak Asset Management LLC now owns 17,611 shares of the company’s stock worth $3,892,000 after acquiring an additional 71 shares in the last quarter. Finally, Barden Capital Management Inc. grew its stake in Constellation Brands by 1.3% in the fourth quarter. Barden Capital Management Inc. now owns 5,574 shares of the company’s stock valued at $1,232,000 after acquiring an additional 72 shares during the period. 77.34% of the stock is owned by institutional investors.

Insider Buying and Selling at Constellation Brands

In other Constellation Brands news, Director William T. Giles bought 1,000 shares of Constellation Brands stock in a transaction dated Friday, January 17th. The stock was purchased at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the completion of the purchase, 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 acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 12.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Argus lowered Constellation Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. TD Cowen dropped their price objective 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. UBS Group reduced their price objective on shares of Constellation Brands from $265.00 to $223.00 and set a “buy” rating for the company in a report on Friday, January 17th. Wells Fargo & Company lowered their target price on shares of Constellation Brands from $295.00 to $275.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Finally, Royal Bank of Canada cut their price target on Constellation Brands from $293.00 to $289.00 and set an “outperform” rating for the company in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Constellation Brands has a consensus rating of “Hold” and an average target price of $249.18.

Constellation Brands Stock Up 0.8 %

Constellation Brands stock opened at $184.98 on Wednesday. The firm has a 50 day moving average price of $177.22 and a 200-day moving average price of $213.55. 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, Inc. has a twelve month low of $160.46 and a twelve month high of $274.87. The company has a market capitalization of $33.43 billion, a P/E ratio of 49.73, a P/E/G ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last posted 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 firm had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.53 billion. During the same quarter in the previous year, the company posted $3.19 EPS. Constellation Brands’s revenue for the quarter was down .3% on a year-over-year basis. As a group, equities analysts predict that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date was Friday, February 7th. Constellation Brands’s dividend payout ratio is currently 108.60%.

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.