1,095 Shares in Constellation Brands, Inc. (NYSE:STZ) Purchased by Kentucky Trust Co

Kentucky Trust Co acquired a new stake in Constellation Brands, Inc. (NYSE:STZ) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 1,095 shares of the company’s stock, valued at approximately $242,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Union Bancaire Privee UBP SA acquired a new stake in shares of Constellation Brands during the fourth quarter valued at $28,000. Eastern Bank purchased a new position in Constellation Brands in the 3rd quarter valued at about $39,000. Versant Capital Management Inc boosted its stake in shares of Constellation Brands by 887.5% during 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 during the last quarter. FSA Wealth Management LLC purchased a new stake in shares of Constellation Brands during the third quarter worth about $42,000. Finally, Truvestments Capital LLC acquired a new position in shares of Constellation Brands in the third quarter valued at approximately $60,000. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on STZ shares. Truist Financial decreased their target price on shares of Constellation Brands from $255.00 to $190.00 and set a “hold” rating on the stock in a research report on Tuesday, January 14th. Roth Capital dropped their target price on Constellation Brands from $298.00 to $284.00 and set a “buy” rating for the company in a research note on Friday, January 17th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $203.00 price target (down from $262.00) on shares of Constellation Brands in a research note on Monday, January 13th. StockNews.com downgraded shares of Constellation Brands from a “hold” rating to a “sell” rating in a research note on Wednesday, February 5th. Finally, Evercore ISI decreased their target price on shares of Constellation Brands from $300.00 to $250.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. One 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’s stock. Based on data from MarketBeat.com, Constellation Brands currently has an average rating of “Moderate Buy” and an average target price of $254.29.

Constellation Brands Price Performance

STZ stock opened at $164.59 on Wednesday. The firm has a market cap of $29.75 billion, a P/E ratio of 44.24, a price-to-earnings-growth ratio of 1.51 and a beta of 0.90. The stock has a 50-day simple moving average of $207.40 and a 200-day simple moving average of $230.56. Constellation Brands, Inc. has a 1 year low of $161.00 and a 1 year high of $274.87. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10.

Constellation Brands (NYSE:STZ) last released its quarterly 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 during the quarter, compared to analyst estimates of $2.53 billion. During the same quarter last year, the firm posted $3.19 EPS. The company’s revenue was down .3% compared to the same quarter last year. On average, equities analysts predict that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a dividend of $1.01 per share. The ex-dividend date is Friday, February 7th. This represents a $4.04 annualized dividend and a dividend yield of 2.45%. Constellation Brands’s payout ratio is 108.60%.

Insider Buying and Selling

In other Constellation Brands news, CEO William A. Newlands sold 25,000 shares of Constellation Brands stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $243.58, for a total value of $6,089,500.00. Following the completion of the transaction, the chief executive officer now directly owns 7,274 shares in the company, valued at $1,771,800.92. The trade was a 77.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William T. Giles purchased 1,000 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were bought at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the completion of the transaction, 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 position. The disclosure for this purchase can be found here. Over the last three months, insiders sold 61,746 shares of company stock worth $15,017,097. Corporate insiders own 12.19% of the company’s stock.

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.