4,867 Shares in Constellation Brands, Inc. (NYSE:STZ) Acquired by one8zero8 LLC

one8zero8 LLC acquired a new position in Constellation Brands, Inc. (NYSE:STZ) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,867 shares of the company’s stock, valued at approximately $1,076,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mainstream Capital Management LLC bought a new position in Constellation Brands in the 4th quarter worth approximately $25,000. SBI Securities Co. Ltd. acquired a new stake in Constellation Brands in the fourth quarter worth approximately $26,000. Compagnie Lombard Odier SCmA acquired a new stake in Constellation Brands in the fourth quarter worth approximately $27,000. Union Bancaire Privee UBP SA acquired a new stake in Constellation Brands in the fourth quarter worth approximately $28,000. Finally, Versant Capital Management Inc lifted its position in Constellation Brands by 887.5% in the fourth quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock worth $35,000 after purchasing an additional 142 shares during the period. 77.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

STZ has been the subject of a number of research analyst reports. Argus downgraded Constellation Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Jefferies Financial Group restated a “hold” rating and issued a $201.00 target price (down from $310.00) on shares of Constellation Brands in a research report on Monday, January 13th. TD Cowen cut 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. Barclays cut their target price on Constellation Brands from $214.00 to $205.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Morgan Stanley downgraded Constellation Brands from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $220.00 to $202.00 in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $252.81.

Constellation Brands Price Performance

Shares of NYSE:STZ opened at $181.46 on Friday. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. The company has a market cap of $32.79 billion, a P/E ratio of 48.78, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a 12-month low of $160.46 and a 12-month high of $274.87. The company’s fifty day moving average is $180.58 and its two-hundred day moving average is $219.23.

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). Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The business had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.53 billion. During the same period in the previous year, the company earned $3.19 earnings per share. The company’s quarterly revenue was down .3% compared to the same quarter last year. Equities analysts expect that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 2.23%. The ex-dividend date was Friday, February 7th. Constellation Brands’s payout ratio is presently 108.60%.

Insider Activity at Constellation Brands

In other Constellation Brands news, Director William T. Giles purchased 1,000 shares of the business’s stock in a transaction on Friday, January 17th. The stock was purchased at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the completion of the purchase, the director now directly owns 1,463 shares in the company, valued at approximately $272,688.57. This trade represents a 215.98 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 12.19% of the stock is owned by corporate insiders.

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.