Addison Capital Co Lowers Stock Position in Constellation Brands, Inc. (NYSE:STZ)

Addison Capital Co trimmed its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 19.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,193 shares of the company’s stock after selling 4,041 shares during the period. Constellation Brands makes up about 1.5% of Addison Capital Co’s holdings, making the stock its 19th biggest holding. Addison Capital Co’s holdings in Constellation Brands were worth $3,800,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in STZ. Mainstream Capital Management LLC purchased a new position in shares of Constellation Brands in the 4th quarter worth about $25,000. SBI Securities Co. Ltd. acquired a new stake in Constellation Brands during the 4th quarter worth approximately $26,000. Compagnie Lombard Odier SCmA acquired a new stake in Constellation Brands during the 4th quarter worth approximately $27,000. Union Bancaire Privee UBP SA purchased a new position in Constellation Brands in the fourth quarter valued at approximately $28,000. Finally, Versant Capital Management Inc lifted its position in Constellation Brands by 887.5% during 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. 77.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

STZ has been the topic of several recent research reports. JPMorgan Chase & Co. restated a “neutral” rating and set a $203.00 target price (down previously from $262.00) on shares of Constellation Brands in a report on Monday, January 13th. TD Cowen decreased 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. Morgan Stanley downgraded Constellation Brands from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $220.00 to $202.00 in a report on Thursday, February 27th. Needham & Company LLC restated a “buy” rating and issued a $240.00 price target on shares of Constellation Brands in a report on Monday, January 27th. Finally, BNP Paribas began coverage on shares of Constellation Brands in a report on Monday, November 25th. They issued a “neutral” rating and a $261.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $252.81.

Constellation Brands Trading Down 0.1 %

NYSE STZ opened at $181.46 on Monday. The firm has a market capitalization of $32.79 billion, a PE ratio of 48.78, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a one year low of $160.46 and a one year high of $274.87. The company has a 50-day simple moving average of $180.58 and a 200-day simple moving average of $219.08. 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 posted its earnings results on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.08). The company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.53 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period last year, the company posted $3.19 earnings per share. On average, equities analysts forecast that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Dividend Announcement

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

Insider Transactions 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 purchased at an average cost of $186.39 per share, with a total value of $186,390.00. Following the purchase, the director now directly owns 1,463 shares of the company’s stock, valued at approximately $272,688.57. This trade represents a 215.98 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 12.19% of the company’s stock.

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.