Wilkinson Global Asset Management LLC Sells 95 Shares of Constellation Brands, Inc. (NYSE:STZ)

Wilkinson Global Asset Management LLC lessened its holdings in Constellation Brands, Inc. (NYSE:STZ) by 7.0% during the 4th quarter, HoldingsChannel reports. The firm owned 1,260 shares of the company’s stock after selling 95 shares during the period. Wilkinson Global Asset Management LLC’s holdings in Constellation Brands were worth $278,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of STZ. Stratos Wealth Advisors LLC lifted its holdings in shares of Constellation Brands by 6.4% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 2,913 shares of the company’s stock valued at $751,000 after acquiring an additional 175 shares during the last quarter. Blue Trust Inc. raised its position in Constellation Brands by 181.3% during the third quarter. Blue Trust Inc. now owns 1,021 shares of the company’s stock valued at $263,000 after purchasing an additional 658 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Constellation Brands by 17.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 12,361 shares of the company’s stock valued at $3,185,000 after purchasing an additional 1,833 shares during the last quarter. Northwest Investment Counselors LLC purchased a new position in shares of Constellation Brands in the 3rd quarter worth approximately $62,000. Finally, Whittier Trust Co. of Nevada Inc. increased its position in shares of Constellation Brands by 7.7% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,097 shares of the company’s stock valued at $283,000 after purchasing an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Constellation Brands Trading Up 3.8 %

NYSE:STZ opened at $169.11 on Wednesday. The firm has a 50-day simple moving average of $198.25 and a 200-day simple moving average of $227.06. Constellation Brands, Inc. has a one year low of $160.46 and a one year high of $274.87. The firm has a market cap of $30.56 billion, a P/E ratio of 45.46, a P/E/G ratio of 1.51 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 issued its quarterly earnings data on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). The business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.53 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The business’s quarterly revenue was down .3% on a year-over-year basis. During the same period last year, the firm earned $3.19 EPS. Equities analysts anticipate that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date is Friday, February 7th. Constellation Brands’s dividend payout ratio (DPR) is currently 108.60%.

Insider Activity at Constellation Brands

In other news, Director William T. Giles bought 1,000 shares of Constellation Brands stock in a transaction on Friday, January 17th. The stock was acquired at an average cost of $186.39 per share, for a total transaction 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 position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 12.19% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on STZ shares. BNP Paribas assumed coverage on Constellation Brands in a research report on Monday, November 25th. They issued a “neutral” rating and a $261.00 price target for the company. Morgan Stanley lowered their target price on shares of Constellation Brands from $280.00 to $220.00 and set an “overweight” rating for the company in a report on Monday, January 13th. Jefferies Financial Group reiterated a “hold” rating and set a $201.00 price target (down from $310.00) on shares of Constellation Brands in a report on Monday, January 13th. TD Cowen dropped their target price on 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, Roth Capital decreased their price target on Constellation Brands from $298.00 to $284.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Constellation Brands has a consensus rating of “Moderate Buy” and an average price target of $254.29.

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.