CNB Bank Has $563,000 Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

CNB Bank cut its position in Constellation Brands, Inc. (NYSE:STZ) by 9.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,549 shares of the company’s stock after selling 269 shares during the quarter. CNB Bank’s holdings in Constellation Brands were worth $563,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Paloma Partners Management Co grew its stake in shares of Constellation Brands by 568.4% during the third quarter. Paloma Partners Management Co now owns 30,000 shares of the company’s stock worth $7,731,000 after buying an additional 25,512 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of Constellation Brands by 3.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 84,204 shares of the company’s stock valued at $21,699,000 after acquiring an additional 2,980 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Constellation Brands by 318.8% during the 3rd quarter. Empowered Funds LLC now owns 10,184 shares of the company’s stock valued at $2,624,000 after acquiring an additional 7,752 shares in the last quarter. WealthPlan Investment Management LLC grew its position in Constellation Brands by 29.5% during the 3rd quarter. WealthPlan Investment Management LLC now owns 30,160 shares of the company’s stock worth $7,772,000 after acquiring an additional 6,867 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC acquired a new position in Constellation Brands in the 3rd quarter worth about $2,132,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Constellation Brands Trading Up 0.5 %

Shares of Constellation Brands stock opened at $185.52 on Friday. The firm has a market cap of $33.68 billion, a PE ratio of 49.92, a P/E/G ratio of 1.28 and a beta of 0.91. Constellation Brands, Inc. has a 1 year low of $176.51 and a 1 year high of $274.87. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.25 and a quick ratio of 0.53. The stock has a fifty day moving average price of $228.73 and a 200-day moving average price of $239.85.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Friday, January 10th. The company reported $3.25 earnings per share (EPS) 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 analysts’ expectations of $2.53 billion. Constellation Brands had a return on equity of 25.34% and a net margin of 5.29%. During the same quarter last year, the business posted $3.19 EPS. The business’s quarterly revenue was down .3% on a year-over-year basis. Equities research analysts anticipate that Constellation Brands, Inc. will post 13.72 EPS for the current year.

Constellation Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 2.18%. The ex-dividend date is Friday, February 7th. Constellation Brands’s dividend payout ratio (DPR) is 108.60%.

Insiders Place Their Bets

In other Constellation Brands news, CEO William A. Newlands sold 25,000 shares of Constellation Brands stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $243.58, for a total transaction of $6,089,500.00. Following the transaction, the chief executive officer now directly owns 7,274 shares of the company’s stock, valued at approximately $1,771,800.92. This trade represents a 77.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Wildstar Partners Llc sold 660 shares of Constellation Brands stock in a transaction on Wednesday, November 20th. The stock was 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 approximately $418,589,044. The trade was a 0.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 69,172 shares of company stock valued at $16,778,841 over the last ninety days. 12.19% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Barclays lowered their price objective on Constellation Brands from $282.00 to $214.00 and set an “overweight” rating for the company in a research report on Tuesday. Royal Bank of Canada reissued an “outperform” rating and issued a $308.00 price objective on shares of Constellation Brands in a research note on Tuesday, January 7th. Wells Fargo & Company cut their price target on Constellation Brands from $295.00 to $275.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $203.00 target price (down from $262.00) on shares of Constellation Brands in a report on Monday. Finally, Argus lowered shares of Constellation Brands from a “buy” rating to a “hold” rating in a research note on Tuesday. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $261.40.

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.