Norden Group LLC Acquires 282 Shares of Constellation Brands, Inc. (NYSE:STZ)

Norden Group LLC grew its holdings in Constellation Brands, Inc. (NYSE:STZ) by 11.1% in the fourth quarter, Holdings Channel reports. The firm owned 2,832 shares of the company’s stock after buying an additional 282 shares during the quarter. Norden Group LLC’s holdings in Constellation Brands were worth $626,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Compagnie Lombard Odier SCmA bought a new stake in shares of Constellation Brands in the 4th quarter worth $27,000. Union Bancaire Privee UBP SA bought a new stake in shares of Constellation Brands in the 4th quarter worth $28,000. Versant Capital Management Inc increased its holdings in shares of Constellation Brands by 887.5% in the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock worth $35,000 after purchasing an additional 142 shares in the last quarter. Centricity Wealth Management LLC bought a new stake in shares of Constellation Brands in the 4th quarter worth $35,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of Constellation Brands in the 4th quarter worth $36,000. Institutional investors own 77.34% of the company’s stock.

Insider Activity

In other news, Director William T. Giles bought 1,000 shares of Constellation Brands stock in a transaction dated Friday, January 17th. The shares were purchased at an average cost of $186.39 per share, with a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 12.19% of the company’s stock.

Constellation Brands Price Performance

Shares of Constellation Brands stock opened at $175.38 on Tuesday. The stock’s 50-day simple moving average is $187.98 and its 200-day simple moving average is $222.99. Constellation Brands, Inc. has a 52 week low of $160.46 and a 52 week high of $274.87. The company has a market capitalization of $31.70 billion, a price-to-earnings ratio of 47.15, a PEG ratio of 1.52 and a beta of 1.75. 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 (NYSE:STZ) last announced its quarterly earnings data 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 net margin of 6.27% and a return on equity of 26.55%. The business had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.53 billion. During the same quarter in the previous year, the firm earned $3.19 earnings per share. Constellation Brands’s revenue was down .3% on a year-over-year basis. As a group, analysts expect that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a $1.01 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.04 annualized dividend and a dividend yield of 2.30%. Constellation Brands’s payout ratio is 108.60%.

Analyst Upgrades and Downgrades

Several analysts recently commented on STZ shares. Roth Capital cut their price objective on Constellation Brands from $298.00 to $284.00 and set a “buy” rating for the company in a report on Friday, January 17th. Argus lowered Constellation Brands from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $240.00 price objective on shares of Constellation Brands in a report on Monday, January 27th. BNP Paribas started coverage on Constellation Brands in a report on Monday, November 25th. They issued a “neutral” rating and a $261.00 price objective for the company. Finally, Wells Fargo & Company cut their price objective on Constellation Brands from $295.00 to $275.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $253.43.

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.