Trust Investment Advisors Reduces Position in Constellation Brands, Inc. (NYSE:STZ)

Trust Investment Advisors lowered its stake in Constellation Brands, Inc. (NYSE:STZ) by 3.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,045 shares of the company’s stock after selling 207 shares during the period. Trust Investment Advisors’ holdings in Constellation Brands were worth $1,115,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Thrivent Financial for Lutherans raised its stake in Constellation Brands by 13.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 7,341 shares of the company’s stock worth $1,892,000 after acquiring an additional 845 shares during the last quarter. Summit Trail Advisors LLC increased its holdings in shares of Constellation Brands by 9.8% in the third quarter. Summit Trail Advisors LLC now owns 2,925 shares of the company’s stock valued at $754,000 after purchasing an additional 262 shares during the period. Daiwa Securities Group Inc. raised its stake in shares of Constellation Brands by 10.4% in the third quarter. Daiwa Securities Group Inc. now owns 19,678 shares of the company’s stock worth $5,071,000 after purchasing an additional 1,854 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its holdings in shares of Constellation Brands by 36.8% during the third quarter. Dynamic Technology Lab Private Ltd now owns 7,852 shares of the company’s stock worth $2,023,000 after purchasing an additional 2,111 shares during the period. Finally, Boston Family Office LLC lifted its holdings in shares of Constellation Brands by 22.6% during the third quarter. Boston Family Office LLC now owns 1,035 shares of the company’s stock worth $267,000 after purchasing an additional 191 shares during the period. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Constellation Brands Price Performance

Constellation Brands stock opened at $178.35 on Wednesday. The company has a fifty day simple moving average of $177.14 and a 200-day simple moving average of $215.89. The firm has a market capitalization of $32.23 billion, a price-to-earnings ratio of 47.94, a PEG ratio of 1.52 and a beta of 0.90. 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 52-week low of $160.46 and a 52-week high of $274.87.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Friday, January 10th. The company reported $3.25 earnings per share (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 for the quarter, compared to analysts’ expectations of $2.53 billion. During the same period in the prior year, the company posted $3.19 EPS. The firm’s revenue was down .3% on a year-over-year basis. On average, equities analysts anticipate that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend was Friday, February 7th. Constellation Brands’s dividend payout ratio (DPR) is currently 108.60%.

Insider Buying and Selling at Constellation Brands

In related news, Director William T. Giles purchased 1,000 shares of Constellation Brands stock in a transaction dated Friday, January 17th. The shares were acquired at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the acquisition, the director now directly owns 1,463 shares in the company, valued at approximately $272,688.57. The trade was a 215.98 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 12.19% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. reissued a “neutral” rating and set a $203.00 price target (down from $262.00) on shares of Constellation Brands in a research report on Monday, January 13th. Royal Bank of Canada decreased their target price on shares of Constellation Brands from $293.00 to $289.00 and set an “outperform” rating for the company in a research report on Friday, March 7th. Roth Capital cut their price target on Constellation Brands from $298.00 to $284.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Truist Financial decreased their price objective on Constellation Brands from $255.00 to $190.00 and set a “hold” rating for the company in a report on Tuesday, January 14th. Finally, TD Cowen reduced their price target 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. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, Constellation Brands has a consensus rating of “Hold” and a consensus price target of $250.41.

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.