Dohj LLC Decreases Position in Constellation Brands, Inc. (NYSE:STZ)

Dohj LLC decreased its holdings in Constellation Brands, Inc. (NYSE:STZ) by 20.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,897 shares of the company’s stock after selling 1,773 shares during the period. Dohj LLC’s holdings in Constellation Brands were worth $1,524,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Union Bancaire Privee UBP SA acquired a new stake in shares of Constellation Brands in the 4th quarter valued at $28,000. Eastern Bank acquired a new stake in Constellation Brands in the third quarter valued at $39,000. Versant Capital Management Inc raised 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 buying an additional 142 shares in the last quarter. FSA Wealth Management LLC purchased a new stake in Constellation Brands during the 3rd quarter worth about $42,000. Finally, Truvestments Capital LLC acquired a new position in shares of Constellation Brands during the 3rd quarter worth about $60,000. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on STZ. Piper Sandler cut their target price on Constellation Brands from $300.00 to $245.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. UBS Group reduced their price objective 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. Bank of America reaffirmed a “neutral” rating and issued a $255.00 target price (down from $300.00) on shares of Constellation Brands in a research report on Monday, October 7th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $203.00 price target (down from $262.00) on shares of Constellation Brands in a research note on Monday, January 13th. Finally, Evercore ISI decreased their price objective on shares of Constellation Brands from $300.00 to $250.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Constellation Brands presently has a consensus rating of “Moderate Buy” and a consensus price target of $257.14.

Insiders Place Their Bets

In other news, CEO William A. Newlands sold 25,000 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $243.58, for a total transaction of $6,089,500.00. Following the completion of the sale, the chief executive officer now directly owns 7,274 shares in the company, valued at $1,771,800.92. This represents a 77.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP James A. Jr. Sabia sold 36,086 shares of Constellation Brands stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $242.99, for a total value of $8,768,537.14. Following the completion of the transaction, the executive vice president now owns 16,042 shares in the company, valued at $3,898,045.58. The trade was a 69.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 61,746 shares of company stock valued at $15,017,097 in the last quarter. 12.19% of the stock is currently owned by company insiders.

Constellation Brands Trading Down 1.9 %

Shares of Constellation Brands stock opened at $180.87 on Friday. The business has a 50 day moving average price of $215.42 and a 200 day moving average price of $233.96. The company has a market capitalization of $32.69 billion, a P/E ratio of 48.62, a P/E/G ratio of 1.60 and a beta of 0.91. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. Constellation Brands, Inc. has a 1 year low of $176.51 and a 1 year 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 (EPS) for the quarter, missing the consensus estimate of $3.33 by ($0.08). Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The company had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.53 billion. During the same quarter in the prior year, the company earned $3.19 earnings per share. The firm’s revenue was down .3% compared to the same quarter last year. Sell-side analysts anticipate that Constellation Brands, Inc. will post 13.52 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a $1.01 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.04 annualized dividend and a yield of 2.23%. Constellation Brands’s dividend payout ratio (DPR) is presently 108.60%.

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 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.