Trust Investment Advisors Cuts Holdings in Constellation Brands, Inc. (NYSE:STZ)

Trust Investment Advisors reduced its position in Constellation Brands, Inc. (NYSE:STZ) by 3.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,045 shares of the company’s stock after selling 207 shares during the period. Trust Investment Advisors’ holdings in Constellation Brands were worth $1,115,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans grew its holdings in shares of Constellation Brands by 13.0% in the third quarter. Thrivent Financial for Lutherans now owns 7,341 shares of the company’s stock valued at $1,892,000 after purchasing an additional 845 shares in the last quarter. Summit Trail Advisors LLC raised its stake in Constellation Brands by 9.8% during the third quarter. Summit Trail Advisors LLC now owns 2,925 shares of the company’s stock valued at $754,000 after purchasing an additional 262 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in Constellation Brands by 10.4% during the third quarter. Daiwa Securities Group Inc. now owns 19,678 shares of the company’s stock valued at $5,071,000 after purchasing an additional 1,854 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its stake in shares of Constellation Brands by 36.8% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 7,852 shares of the company’s stock worth $2,023,000 after buying an additional 2,111 shares in the last quarter. Finally, Boston Family Office LLC increased its holdings in shares of Constellation Brands by 22.6% in the 3rd quarter. Boston Family Office LLC now owns 1,035 shares of the company’s stock worth $267,000 after buying an additional 191 shares during the last quarter. 77.34% of the stock is owned by institutional investors.

Constellation Brands Stock Down 1.1 %

Constellation Brands stock opened at $178.35 on Wednesday. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. The firm has a market cap of $32.23 billion, a P/E ratio of 47.94, a P/E/G ratio of 1.52 and a beta of 0.90. The business has a fifty day moving average of $177.14 and a two-hundred day moving average of $215.89. Constellation Brands, Inc. has a twelve month low of $160.46 and a twelve month high of $274.87.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data 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 return on equity of 26.55% and a net margin of 6.27%. The company had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.53 billion. During the same quarter last year, the company earned $3.19 earnings per share. The company’s revenue for the quarter was down .3% compared to the same quarter last year. On average, analysts forecast that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on STZ shares. StockNews.com downgraded shares of Constellation Brands from a “hold” rating to a “sell” rating in a report on Friday, March 14th. Barclays dropped their target price on Constellation Brands from $214.00 to $205.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Needham & Company LLC restated a “buy” rating and set a $240.00 price target on shares of Constellation Brands in a report on Monday, January 27th. Truist Financial dropped their price objective on shares of Constellation Brands from $255.00 to $190.00 and set a “hold” rating for the company in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $203.00 target price (down previously from $262.00) on shares of Constellation Brands in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $250.41.

Insider Buying and Selling

In other news, Director William T. Giles purchased 1,000 shares of the business’s stock in a transaction on Friday, January 17th. The shares were acquired at an average cost 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 trade represents a 215.98 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 12.19% of the stock is currently owned by company 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.