Constellation Brands, Inc. (NYSE:STZ) Shares Sold by Cozad Asset Management Inc.

Cozad Asset Management Inc. trimmed its stake in Constellation Brands, Inc. (NYSE:STZ) by 11.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,648 shares of the company’s stock after selling 221 shares during the quarter. Cozad Asset Management Inc.’s holdings in Constellation Brands were worth $364,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of STZ. Pitti Group Wealth Management LLC grew its holdings in shares of Constellation Brands by 41.6% during the fourth quarter. Pitti Group Wealth Management LLC now owns 1,225 shares of the company’s stock valued at $271,000 after buying an additional 360 shares in the last quarter. Cibc World Markets Corp grew its holdings in shares of Constellation Brands by 14.5% during the fourth quarter. Cibc World Markets Corp now owns 61,593 shares of the company’s stock valued at $13,612,000 after buying an additional 7,808 shares in the last quarter. First National Advisers LLC grew its holdings in shares of Constellation Brands by 4.6% during the fourth quarter. First National Advisers LLC now owns 12,788 shares of the company’s stock valued at $2,826,000 after buying an additional 565 shares in the last quarter. one8zero8 LLC purchased a new position in shares of Constellation Brands during the fourth quarter valued at $1,076,000. Finally, Frank Rimerman Advisors LLC grew its holdings in shares of Constellation Brands by 20.3% during the fourth quarter. Frank Rimerman Advisors LLC now owns 1,722 shares of the company’s stock valued at $381,000 after buying an additional 291 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Constellation Brands

In other Constellation Brands news, Director William T. Giles bought 1,000 shares of Constellation Brands stock in a transaction dated Friday, January 17th. The shares were acquired at an average cost of $186.39 per share, with a total value of $186,390.00. Following the acquisition, the director now directly owns 1,463 shares of the company’s stock, valued at $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 through this link. Corporate insiders own 12.19% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Jefferies Financial Group reiterated a “hold” rating and set a $201.00 price target (down previously from $310.00) on shares of Constellation Brands in a report on Monday, January 13th. TD Cowen reduced their price objective 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. Truist Financial reduced their price objective on Constellation Brands from $255.00 to $190.00 and set a “hold” rating for the company in a research report on Tuesday, January 14th. Royal Bank of Canada reduced their price objective on Constellation Brands from $293.00 to $289.00 and set an “outperform” rating for the company in a research report on Friday, March 7th. Finally, StockNews.com cut Constellation Brands from a “hold” rating to a “sell” rating in a research report on Friday, March 14th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $252.81.

Constellation Brands Trading Down 2.4 %

Constellation Brands stock opened at $179.23 on Wednesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. The business’s 50-day simple moving average is $179.01 and its 200-day simple moving average is $218.27. The firm has a market capitalization of $32.39 billion, a PE ratio of 48.18, a PEG ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a 52 week low of $160.46 and a 52 week high of $274.87.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results 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 firm 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 firm earned $3.19 earnings per share. The company’s revenue was down .3% on a year-over-year basis. Equities research analysts forecast that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a dividend of $1.01 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.04 annualized dividend and a yield of 2.25%. Constellation Brands’s dividend payout ratio 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.