Intellectus Partners LLC Has $327,000 Stake in Constellation Brands, Inc. (NYSE:STZ)

Intellectus Partners LLC lowered its position in Constellation Brands, Inc. (NYSE:STZ) by 14.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,480 shares of the company’s stock after selling 249 shares during the period. Intellectus Partners LLC’s holdings in Constellation Brands were worth $327,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Farther Finance Advisors LLC raised its holdings in shares of Constellation Brands by 22.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 812 shares of the company’s stock valued at $209,000 after purchasing an additional 150 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in Constellation Brands by 2.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 9,995 shares of the company’s stock worth $2,576,000 after buying an additional 237 shares during the last quarter. Executive Wealth Management LLC raised its holdings in Constellation Brands by 18.9% during the third quarter. Executive Wealth Management LLC now owns 12,985 shares of the company’s stock valued at $3,346,000 after buying an additional 2,060 shares in the last quarter. Assetmark Inc. lifted its position in shares of Constellation Brands by 25.1% in the third quarter. Assetmark Inc. now owns 22,609 shares of the company’s stock worth $5,826,000 after buying an additional 4,531 shares during the last quarter. Finally, 5th Street Advisors LLC bought a new stake in shares of Constellation Brands during the 3rd quarter worth about $206,000. Institutional investors own 77.34% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on STZ shares. Wells Fargo & Company reduced their target price on Constellation Brands from $295.00 to $275.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $203.00 price target (down previously from $262.00) on shares of Constellation Brands in a research report on Monday, January 13th. Barclays decreased their price objective on shares of Constellation Brands from $282.00 to $214.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. BNP Paribas assumed coverage on shares of Constellation Brands in a research note on Monday, November 25th. They issued a “neutral” rating and a $261.00 target price on the stock. Finally, Morgan Stanley lowered shares of Constellation Brands from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $220.00 to $202.00 in a research report on Thursday, February 27th. Eleven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Constellation Brands currently has an average rating of “Moderate Buy” and an average target price of $253.24.

Constellation Brands Trading Up 4.3 %

Shares of Constellation Brands stock opened at $186.64 on Friday. Constellation Brands, Inc. has a 52-week low of $160.46 and a 52-week high of $274.87. The firm has a market capitalization of $33.73 billion, a PE ratio of 50.17, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. The company’s fifty day moving average price is $184.27 and its two-hundred day moving average price is $221.29.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results 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 business had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter in the prior year, the business earned $3.19 EPS. The firm’s revenue for the quarter was down .3% on a year-over-year basis. On average, analysts expect that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date was Friday, February 7th. Constellation Brands’s dividend payout ratio (DPR) is 108.60%.

Insider Transactions at Constellation Brands

In other news, Director William T. Giles purchased 1,000 shares of Constellation Brands stock in a transaction on Friday, January 17th. The shares were purchased at an average cost 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 represents a 215.98 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 12.19% of the stock is owned by insiders.

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.