Rosenberg Matthew Hamilton Has $134,000 Holdings in Constellation Brands, Inc. (NYSE:STZ)

Rosenberg Matthew Hamilton cut its stake in Constellation Brands, Inc. (NYSE:STZ) by 29.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 608 shares of the company’s stock after selling 250 shares during the period. Rosenberg Matthew Hamilton’s holdings in Constellation Brands were worth $134,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Versant Capital Management Inc increased its holdings in shares of Constellation Brands by 887.5% in the fourth quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock valued at $35,000 after purchasing an additional 142 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in Constellation Brands in the 2nd quarter valued at $36,000. Eastern Bank bought a new position in Constellation Brands in the 3rd quarter valued at $39,000. FSA Wealth Management LLC acquired a new stake in shares of Constellation Brands in the 3rd quarter valued at $42,000. Finally, Truvestments Capital LLC bought a new stake in shares of Constellation Brands during the third quarter worth $60,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Constellation Brands Trading Down 2.0 %

NYSE STZ opened at $182.18 on Wednesday. Constellation Brands, Inc. has a one year low of $176.51 and a one year high of $274.87. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.25 and a quick ratio of 0.53. The firm has a market cap of $33.08 billion, a P/E ratio of 58.96, a P/E/G ratio of 1.69 and a beta of 1.75. The stock’s 50-day moving average is $229.71 and its 200-day moving average is $240.26.

Constellation Brands (NYSE:STZ) last announced 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 analyst estimates of $2.53 billion. Constellation Brands had a return on equity of 25.34% and a net margin of 5.29%. The business’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter last year, the business posted $3.19 earnings per share. Sell-side analysts anticipate that Constellation Brands, Inc. will post 13.57 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date is Friday, February 7th. Constellation Brands’s payout ratio is presently 130.74%.

Analyst Ratings Changes

STZ has been the subject of a number of research reports. Jefferies Financial Group reiterated a “hold” rating and issued a $201.00 price objective (down from $310.00) on shares of Constellation Brands in a research report on Monday. Roth Mkm reaffirmed a “buy” rating and issued a $298.00 target price on shares of Constellation Brands in a research note on Friday, October 4th. Argus downgraded shares of Constellation Brands from a “buy” rating to a “hold” rating in a research note on Tuesday. Bank of America reaffirmed a “neutral” rating and issued a $255.00 price objective (down from $300.00) on shares of Constellation Brands in a research note on Monday, October 7th. Finally, Barclays lowered their target price on shares of Constellation Brands from $282.00 to $214.00 and set an “overweight” rating for the company in a report on Tuesday. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $261.40.

Insider Buying and Selling

In other news, CEO William A. Newlands sold 7,426 shares of the company’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $237.24, for a total transaction of $1,761,744.24. Following the completion of the transaction, the chief executive officer now directly owns 7,274 shares of the company’s stock, valued at $1,725,683.76. This represents a 50.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Wildstar Partners Llc sold 660 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total value of $159,060.00. Following the transaction, the insider now owns 1,736,884 shares of the company’s stock, valued at approximately $418,589,044. The trade was a 0.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 69,172 shares of company stock valued at $16,778,841. Company insiders own 12.19% of the company’s stock.

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.