D.A. Davidson & CO. Buys 572 Shares of Constellation Brands, Inc. (NYSE:STZ)

D.A. Davidson & CO. grew its stake in Constellation Brands, Inc. (NYSE:STZ) by 1.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,659 shares of the company’s stock after acquiring an additional 572 shares during the period. D.A. Davidson & CO.’s holdings in Constellation Brands were worth $12,743,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Oakworth Capital Inc. lifted its position in Constellation Brands by 4.4% during the third quarter. Oakworth Capital Inc. now owns 989 shares of the company’s stock valued at $255,000 after purchasing an additional 42 shares during the period. PFG Investments LLC lifted its position in Constellation Brands by 3.8% during the third quarter. PFG Investments LLC now owns 1,150 shares of the company’s stock valued at $296,000 after purchasing an additional 42 shares during the period. Metis Global Partners LLC lifted its position in Constellation Brands by 0.8% during the third quarter. Metis Global Partners LLC now owns 5,570 shares of the company’s stock valued at $1,435,000 after purchasing an additional 46 shares during the period. Rosenberg Matthew Hamilton lifted its position in Constellation Brands by 6.2% during the third quarter. Rosenberg Matthew Hamilton now owns 858 shares of the company’s stock valued at $221,000 after purchasing an additional 50 shares during the period. Finally, Strategic Investment Solutions Inc. IL lifted its position in Constellation Brands by 4.6% during the third quarter. Strategic Investment Solutions Inc. IL now owns 1,158 shares of the company’s stock valued at $298,000 after purchasing an additional 51 shares during the period. 77.34% of the stock is currently owned by institutional investors.

Constellation Brands Stock Up 3.8 %

Shares of NYSE STZ opened at $169.11 on Wednesday. Constellation Brands, Inc. has a 12-month low of $160.46 and a 12-month high of $274.87. The stock has a market cap of $30.56 billion, a PE ratio of 45.46, a P/E/G ratio of 1.51 and a beta of 1.75. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. The company has a 50-day moving average of $199.72 and a 200 day moving average of $227.61.

Constellation Brands (NYSE:STZ) last announced 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 business had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.53 billion. During the same period in the prior year, the company posted $3.19 EPS. The firm’s revenue was down .3% on a year-over-year basis. As a group, sell-side analysts predict that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The company also recently announced 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 is Friday, February 7th. This represents a $4.04 annualized dividend and a yield of 2.39%. Constellation Brands’s payout ratio is 108.60%.

Analyst Ratings Changes

A number of research firms recently issued reports on STZ. Barclays decreased their target price on shares of Constellation Brands from $282.00 to $214.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Jefferies Financial Group reiterated a “hold” rating and issued a $201.00 price objective (down previously from $310.00) on shares of Constellation Brands in a research report on Monday, January 13th. UBS Group decreased 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. TD Cowen decreased their price objective on shares of Constellation Brands from $270.00 to $260.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Finally, Truist Financial decreased 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 report on Tuesday, January 14th. Ten analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $254.29.

Insider Buying and Selling at Constellation Brands

In other news, Director William T. Giles bought 1,000 shares of the firm’s stock in a transaction on Friday, January 17th. The shares were bought at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the acquisition, the director now directly owns 1,463 shares of the company’s stock, valued at $272,688.57. This trade represents a 215.98 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 12.19% of the stock is currently owned by company insiders.

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.