SVB Wealth LLC Makes New $715,000 Investment in Constellation Brands, Inc. (NYSE:STZ)

SVB Wealth LLC acquired a new stake in shares of Constellation Brands, Inc. (NYSE:STZ) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,234 shares of the company’s stock, valued at approximately $715,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in STZ. Farther Finance Advisors LLC grew its holdings in Constellation Brands by 22.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 812 shares of the company’s stock worth $209,000 after acquiring an additional 150 shares during the last quarter. Chicago Partners Investment Group LLC boosted its holdings in shares of Constellation Brands by 13.2% during the third quarter. Chicago Partners Investment Group LLC now owns 2,240 shares of the company’s stock worth $541,000 after purchasing an additional 262 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of Constellation Brands by 1.6% during the third quarter. Janney Montgomery Scott LLC now owns 135,097 shares of the company’s stock worth $34,813,000 after purchasing an additional 2,182 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in Constellation Brands by 2.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 9,995 shares of the company’s stock valued at $2,576,000 after purchasing an additional 237 shares during the period. Finally, Citizens National Bank Trust Department increased its holdings in Constellation Brands by 6.8% during the 3rd quarter. Citizens National Bank Trust Department now owns 8,027 shares of the company’s stock valued at $2,068,000 after purchasing an additional 510 shares during the period. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Stock Performance

Constellation Brands stock opened at $175.38 on Tuesday. The stock’s 50 day moving average is $187.98 and its 200 day moving average is $222.99. The company has a market capitalization of $31.70 billion, a P/E ratio of 47.15, a PEG ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a twelve month low of $160.46 and a twelve month high of $274.87. 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 released its earnings results on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). The company had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.53 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The company’s revenue was down .3% on a year-over-year basis. During the same period in the prior year, the company posted $3.19 earnings per share. On average, equities research analysts predict that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a dividend of $1.01 per share. The ex-dividend date was Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a yield of 2.30%. Constellation Brands’s dividend payout ratio is currently 108.60%.

Insiders Place Their Bets

In other news, Director William T. Giles purchased 1,000 shares of Constellation Brands stock in a transaction that occurred on Friday, January 17th. The stock was bought at an average price of $186.39 per share, with a total value of $186,390.00. Following the completion of the transaction, the director now directly owns 1,463 shares of the company’s stock, valued at approximately $272,688.57. The trade was a 215.98 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 12.19% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Barclays cut their price objective on Constellation Brands from $282.00 to $214.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Evercore ISI cut their price target on shares of Constellation Brands from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Needham & Company LLC restated a “buy” rating and issued a $240.00 price objective on shares of Constellation Brands in a report on Monday, January 27th. UBS Group dropped their target price on shares of Constellation Brands from $265.00 to $223.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $293.00 price target on shares of Constellation Brands in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Constellation Brands presently has a consensus rating of “Hold” and an average target price of $253.43.

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.