Bryn Mawr Capital Management LLC Sells 1,496 Shares of Constellation Brands, Inc. (NYSE:STZ)

Bryn Mawr Capital Management LLC decreased its holdings in Constellation Brands, Inc. (NYSE:STZ) by 3.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 39,601 shares of the company’s stock after selling 1,496 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Constellation Brands were worth $8,752,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Gibraltar Capital Management Inc. grew its stake in shares of Constellation Brands by 2.4% during the fourth quarter. Gibraltar Capital Management Inc. now owns 26,299 shares of the company’s stock worth $5,812,000 after buying an additional 609 shares during the last quarter. Vaughan David Investments LLC IL increased its holdings in Constellation Brands by 3.4% in the 4th quarter. Vaughan David Investments LLC IL now owns 147,288 shares of the company’s stock worth $32,551,000 after purchasing an additional 4,903 shares in the last quarter. Brown Financial Advisors raised its position in Constellation Brands by 19.9% in the fourth quarter. Brown Financial Advisors now owns 1,935 shares of the company’s stock valued at $428,000 after purchasing an additional 321 shares during the last quarter. BankPlus Trust Department bought a new position in Constellation Brands in the fourth quarter valued at about $562,000. Finally, Birchcreek Wealth Management LLC acquired a new stake in shares of Constellation Brands during the fourth quarter valued at about $215,000. Institutional investors own 77.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on STZ. TD Cowen dropped their price objective on shares of Constellation Brands from $270.00 to $260.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Royal Bank of Canada reissued an “outperform” rating and issued a $293.00 price objective on shares of Constellation Brands in a research note on Monday, February 3rd. StockNews.com raised Constellation Brands from a “sell” rating to a “hold” rating in a research report on Thursday, February 13th. Roth Capital reduced their price target on Constellation Brands from $298.00 to $284.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Finally, UBS Group lowered their price objective on Constellation Brands from $265.00 to $223.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $254.29.

Constellation Brands Price Performance

Shares of NYSE STZ opened at $178.27 on Wednesday. The stock has a market cap of $32.22 billion, a price-to-earnings ratio of 47.92, a PEG ratio of 1.52 and a beta of 1.75. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. Constellation Brands, Inc. has a fifty-two week low of $160.46 and a fifty-two week high of $274.87. The firm’s 50-day simple moving average is $192.11 and its 200 day simple moving average is $224.84.

Constellation Brands (NYSE:STZ) last posted 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). Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The firm had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter in the previous year, the company earned $3.19 EPS. The business’s revenue was down .3% compared to the same quarter last year. As a group, research analysts anticipate that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a $1.01 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.27%. Constellation Brands’s payout ratio is presently 108.60%.

Insider Activity

In other Constellation Brands news, Director William T. Giles bought 1,000 shares of the stock in a transaction dated Friday, January 17th. The shares were bought at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 12.19% of the stock is currently owned by corporate insiders.

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.