Constellation Brands, Inc. (NYSE:STZ) Shares Sold by HUB Investment Partners LLC

HUB Investment Partners LLC lessened its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 11.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,870 shares of the company’s stock after selling 4,290 shares during the quarter. HUB Investment Partners LLC’s holdings in Constellation Brands were worth $7,043,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. iA Global Asset Management Inc. lifted its stake in shares of Constellation Brands by 331.4% in the fourth quarter. iA Global Asset Management Inc. now owns 10,401 shares of the company’s stock worth $2,299,000 after buying an additional 7,990 shares in the last quarter. Magnetar Financial LLC acquired a new position in shares of Constellation Brands in the fourth quarter valued at approximately $1,018,000. Teacher Retirement System of Texas grew its holdings in shares of Constellation Brands by 777.6% in the fourth quarter. Teacher Retirement System of Texas now owns 9,636 shares of the company’s stock valued at $2,130,000 after purchasing an additional 8,538 shares in the last quarter. Royal London Asset Management Ltd. grew its holdings in Constellation Brands by 2.7% during the 4th quarter. Royal London Asset Management Ltd. now owns 70,954 shares of the company’s stock worth $15,681,000 after acquiring an additional 1,854 shares in the last quarter. Finally, Saiph Capital LLC grew its holdings in Constellation Brands by 21.6% during the 4th quarter. Saiph Capital LLC now owns 1,915 shares of the company’s stock worth $423,000 after acquiring an additional 340 shares in the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on STZ. Barclays dropped their target price on shares of Constellation Brands from $214.00 to $205.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. StockNews.com downgraded shares of Constellation Brands from a “hold” rating to a “sell” rating in a report on Friday, March 14th. Royal Bank of Canada lowered their price target on shares of Constellation Brands from $293.00 to $289.00 and set an “outperform” rating for the company in a report on Friday, March 7th. Wells Fargo & Company reduced their price target on shares of Constellation Brands from $295.00 to $275.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Finally, Morgan Stanley cut shares of Constellation Brands from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $220.00 to $202.00 in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $252.81.

Constellation Brands Stock Down 0.2 %

NYSE:STZ opened at $178.99 on Thursday. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. Constellation Brands, Inc. has a twelve month low of $160.46 and a twelve month high of $274.87. The stock’s 50 day moving average price is $178.20 and its two-hundred day moving average price is $217.99. The firm has a market capitalization of $32.35 billion, a price-to-earnings ratio of 48.11, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last released its earnings results on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter in the previous year, the company posted $3.19 earnings per share. The business’s revenue was down .3% compared to the same quarter last year. Equities research analysts expect that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date was Friday, February 7th. Constellation Brands’s payout ratio is 108.60%.

Insider Transactions at Constellation Brands

In other news, Director William T. Giles purchased 1,000 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was bought at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the purchase, the director now owns 1,463 shares of the company’s stock, valued at $272,688.57. The trade was a 215.98 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 12.19% of the stock is owned by 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.