First National Bank & Trust Co. of Newtown Cuts Holdings in Constellation Brands, Inc. (NYSE:STZ)

First National Bank & Trust Co. of Newtown decreased its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 5.5% in the fourth quarter, HoldingsChannel reports. The firm owned 863 shares of the company’s stock after selling 50 shares during the quarter. First National Bank & Trust Co. of Newtown’s holdings in Constellation Brands were worth $209,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in STZ. Impact Partnership Wealth LLC grew its position in shares of Constellation Brands by 1,175.0% during the third quarter. Impact Partnership Wealth LLC now owns 102 shares of the company’s stock valued at $26,000 after purchasing an additional 94 shares in the last quarter. BKM Wealth Management LLC purchased a new position in shares of Constellation Brands during the fourth quarter valued at approximately $28,000. Asset Dedication LLC boosted its position in shares of Constellation Brands by 3,833.3% during the third quarter. Asset Dedication LLC now owns 118 shares of the company’s stock valued at $30,000 after buying an additional 115 shares during the period. Resurgent Financial Advisors LLC bought a new stake in shares of Constellation Brands during the fourth quarter valued at approximately $34,000. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in shares of Constellation Brands during the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Analysts Set New Price Targets

STZ has been the subject of several research analyst reports. Wedbush reaffirmed an “outperform” rating and set a $300.00 price target on shares of Constellation Brands in a research note on Wednesday, April 10th. JPMorgan Chase & Co. decreased their price target on shares of Constellation Brands from $309.00 to $301.00 and set an “overweight” rating for the company in a research note on Thursday, December 21st. UBS Group boosted their price objective on shares of Constellation Brands from $312.00 to $320.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Barclays boosted their price objective on shares of Constellation Brands from $294.00 to $295.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Argus raised shares of Constellation Brands from a “hold” rating to a “buy” rating and set a $306.00 price objective for the company in a research note on Monday. Three analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $298.55.

Insider Buying and Selling at Constellation Brands

In other Constellation Brands news, EVP James A. Jr. Sabia sold 15,781 shares of the company’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $263.63, for a total value of $4,160,345.03. Following the sale, the executive vice president now directly owns 20,910 shares of the company’s stock, valued at $5,512,503.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 16.19% of the stock is owned by corporate insiders.

Constellation Brands Stock Performance

Shares of STZ traded up $3.44 during trading hours on Friday, reaching $262.12. 350,412 shares of the company traded hands, compared to its average volume of 1,261,904. The stock has a market capitalization of $47.92 billion, a P/E ratio of 27.95, a P/E/G ratio of 1.74 and a beta of 0.97. The company has a quick ratio of 0.53, a current ratio of 1.19 and a debt-to-equity ratio of 1.06. Constellation Brands, Inc. has a 12-month low of $221.81 and a 12-month high of $274.87. The business has a fifty day moving average price of $257.82 and a 200-day moving average price of $247.21.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Thursday, April 11th. The company reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.16. Constellation Brands had a net margin of 16.13% and a return on equity of 23.06%. The firm had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period in the previous year, the company earned $1.98 earnings per share. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. Equities analysts anticipate that Constellation Brands, Inc. will post 13.51 EPS for the current fiscal year.

Constellation Brands Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 3rd will be issued a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 1.54%. This is a positive change from Constellation Brands’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Thursday, May 2nd. Constellation Brands’s dividend payout ratio is presently 37.95%.

Constellation Brands 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 Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Victoria, Vicky Chamoy, and Pacifico brands.