Blair William & Co. IL Sells 736 Shares of Constellation Brands, Inc. (NYSE:STZ)

Blair William & Co. IL lowered its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 2.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,445 shares of the company’s stock after selling 736 shares during the quarter. Blair William & Co. IL’s holdings in Constellation Brands were worth $6,065,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Glenmede Trust Co. NA lifted its position in Constellation Brands by 16.5% during the 3rd quarter. Glenmede Trust Co. NA now owns 3,908 shares of the company’s stock valued at $1,007,000 after purchasing an additional 554 shares during the period. CreativeOne Wealth LLC acquired a new position in Constellation Brands in the third quarter valued at about $565,000. Public Sector Pension Investment Board boosted its stake in Constellation Brands by 3.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 5,904 shares of the company’s stock worth $1,521,000 after acquiring an additional 200 shares during the last quarter. Cobblestone Capital Advisors LLC NY increased its stake in Constellation Brands by 3.9% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 8,785 shares of the company’s stock valued at $2,264,000 after purchasing an additional 330 shares in the last quarter. Finally, Erste Asset Management GmbH acquired a new stake in Constellation Brands during the 3rd quarter worth $13,619,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Insider Activity at Constellation Brands

In other news, Director William T. Giles bought 1,000 shares of the company’s stock in a transaction dated 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 acquisition, the director now owns 1,463 shares of the company’s stock, valued at $272,688.57. This represents a 215.98 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 12.19% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on STZ. StockNews.com downgraded Constellation Brands from a “hold” rating to a “sell” rating in a report on Friday, March 14th. UBS Group dropped their target price on shares of Constellation Brands from $265.00 to $223.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Truist Financial reduced their price target on shares of Constellation Brands from $255.00 to $190.00 and set a “hold” rating for the company in a report on Tuesday, January 14th. Morgan Stanley downgraded Constellation Brands from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $220.00 to $202.00 in a report on Thursday, February 27th. Finally, Royal Bank of Canada reduced their price target on Constellation Brands from $293.00 to $289.00 and set an “outperform” rating for the company in a research report on Friday, March 7th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Constellation Brands presently has an average rating of “Hold” and a consensus price target of $249.18.

Constellation Brands Price Performance

NYSE:STZ opened at $183.69 on Monday. The firm’s fifty day moving average price is $177.19 and its two-hundred day moving average price is $214.50. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. The company has a market cap of $33.20 billion, a P/E ratio of 49.38, a P/E/G ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a one year low of $160.46 and a one year high of $274.87.

Constellation Brands (NYSE:STZ) last announced its quarterly 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 analyst estimates of $2.53 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The firm’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter last year, the company posted $3.19 EPS. Equities analysts expect that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a dividend of $1.01 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.04 annualized dividend and a yield of 2.20%. Constellation Brands’s payout ratio is currently 108.60%.

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.