Constellation Brands, Inc. (NYSE:STZ) Shares Sold by Burns Matteson Capital Management LLC

Burns Matteson Capital Management LLC lessened its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 4.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,695 shares of the company’s stock after selling 133 shares during the quarter. Burns Matteson Capital Management LLC’s holdings in Constellation Brands were worth $596,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Oakworth Capital Inc. boosted its stake in shares of Constellation Brands by 4.4% during the third quarter. Oakworth Capital Inc. now owns 989 shares of the company’s stock valued at $255,000 after acquiring an additional 42 shares during the last quarter. PFG Investments LLC boosted its stake in shares of Constellation Brands by 3.8% during the 3rd quarter. PFG Investments LLC now owns 1,150 shares of the company’s stock worth $296,000 after purchasing an additional 42 shares during the last quarter. Metis Global Partners LLC grew its holdings in shares of Constellation Brands by 0.8% during the third quarter. Metis Global Partners LLC now owns 5,570 shares of the company’s stock worth $1,435,000 after buying an additional 46 shares in the last quarter. Rosenberg Matthew Hamilton grew its holdings in shares of Constellation Brands by 6.2% during the third quarter. Rosenberg Matthew Hamilton now owns 858 shares of the company’s stock worth $221,000 after buying an additional 50 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL raised its position in shares of Constellation Brands by 4.6% in the third quarter. Strategic Investment Solutions Inc. IL now owns 1,158 shares of the company’s stock valued at $298,000 after buying an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $203.00 target price (down from $262.00) on shares of Constellation Brands in a research note on Monday, January 13th. StockNews.com downgraded Constellation Brands from a “hold” rating to a “sell” rating in a research report on Wednesday, February 5th. Piper Sandler lowered Constellation Brands from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $245.00 to $200.00 in a research note on Monday, February 3rd. Needham & Company LLC reissued a “buy” rating and issued a $240.00 price target on shares of Constellation Brands in a research note on Monday, January 27th. Finally, TD Cowen dropped their price objective on shares of Constellation Brands from $270.00 to $260.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $254.29.

Insider Buying and Selling at Constellation Brands

In related news, major shareholder Wildstar Partners Llc sold 660 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $241.00, for a total transaction of $159,060.00. Following the completion of the sale, the insider now directly owns 1,736,884 shares of the company’s stock, valued at approximately $418,589,044. This trade represents a 0.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP James A. Jr. Sabia sold 36,086 shares of Constellation Brands stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $242.99, for a total transaction of $8,768,537.14. Following the sale, the executive vice president now directly owns 16,042 shares in the company, valued at $3,898,045.58. This trade represents a 69.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 61,746 shares of company stock valued at $15,017,097 over the last 90 days. 12.19% of the stock is owned by corporate insiders.

Constellation Brands Stock Down 1.1 %

Shares of Constellation Brands stock opened at $169.05 on Monday. Constellation Brands, Inc. has a twelve month low of $166.02 and a twelve month high of $274.87. The stock has a market cap of $30.55 billion, a price-to-earnings ratio of 45.44, a price-to-earnings-growth ratio of 1.51 and a beta of 0.90. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. The company has a fifty day moving average price of $208.85 and a 200 day moving average price of $231.27.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.53 billion. During the same quarter in the prior year, the firm earned $3.19 EPS. The company’s revenue for the quarter was down .3% compared to the same quarter last year. Equities research analysts forecast that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 2.39%. The ex-dividend date is Friday, February 7th. Constellation Brands’s dividend payout ratio (DPR) is 108.60%.

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.