US Bancorp DE Sells 5,721 Shares of Constellation Brands, Inc. (NYSE:STZ)

US Bancorp DE lowered its position in Constellation Brands, Inc. (NYSE:STZ) by 7.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 70,428 shares of the company’s stock after selling 5,721 shares during the quarter. US Bancorp DE’s holdings in Constellation Brands were worth $15,565,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Compagnie Lombard Odier SCmA bought a new position in shares of Constellation Brands in the fourth quarter worth $27,000. Union Bancaire Privee UBP SA bought a new position in Constellation Brands in the fourth quarter valued at $28,000. Versant Capital Management Inc increased its stake in Constellation Brands by 887.5% in the fourth quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock valued at $35,000 after acquiring an additional 142 shares during the last quarter. Centricity Wealth Management LLC bought a new position in Constellation Brands in the fourth quarter valued at $35,000. Finally, Whipplewood Advisors LLC bought a new position in Constellation Brands in the fourth quarter valued at $36,000. Institutional investors own 77.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Argus lowered shares of Constellation Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Needham & Company LLC restated a “buy” rating and set a $240.00 price target on shares of Constellation Brands in a research report on Monday, January 27th. Roth Capital cut their price target on shares of Constellation Brands from $298.00 to $284.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Piper Sandler lowered shares of Constellation Brands from an “overweight” rating to a “neutral” rating and cut their price target for the company from $245.00 to $200.00 in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $203.00 price target (down from $262.00) on shares of Constellation Brands in a research report on Monday, January 13th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $253.43.

Constellation Brands Price Performance

Shares of NYSE STZ opened at $175.38 on Tuesday. Constellation Brands, Inc. has a fifty-two week low of $160.46 and a fifty-two week high of $274.87. The company has a 50 day simple moving average of $187.98 and a two-hundred day simple moving average of $222.99. The company has a market capitalization of $31.70 billion, a price-to-earnings ratio of 47.15, a P/E/G 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 (NYSE:STZ) last announced its earnings results on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The business had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same period in the prior year, the business posted $3.19 EPS. Constellation Brands’s revenue for the quarter was down .3% on a year-over-year basis. Analysts expect that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently announced 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. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date was Friday, February 7th. Constellation Brands’s dividend payout ratio is 108.60%.

Insider Buying and Selling at Constellation Brands

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. Insiders own 12.19% of the company’s stock.

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.