Cambiar Investors LLC Has $33.53 Million Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

Cambiar Investors LLC trimmed its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 28.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 151,712 shares of the company’s stock after selling 59,259 shares during the period. Cambiar Investors LLC’s holdings in Constellation Brands were worth $33,528,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Grimes & Company Inc. acquired a new stake in shares of Constellation Brands during the fourth quarter valued at about $6,099,000. Southern Style Financial Inc. acquired a new position in shares of Constellation Brands in the fourth quarter worth approximately $3,074,000. Paloma Partners Management Co lifted its stake in shares of Constellation Brands by 568.4% in the third quarter. Paloma Partners Management Co now owns 30,000 shares of the company’s stock worth $7,731,000 after acquiring an additional 25,512 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake in shares of Constellation Brands by 3.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 84,204 shares of the company’s stock worth $21,699,000 after acquiring an additional 2,980 shares during the period. Finally, Empowered Funds LLC lifted its stake in shares of Constellation Brands by 318.8% in the third quarter. Empowered Funds LLC now owns 10,184 shares of the company’s stock worth $2,624,000 after acquiring an additional 7,752 shares during the period. 77.34% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO William A. Newlands sold 25,000 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $243.58, for a total transaction of $6,089,500.00. Following the transaction, the chief executive officer now owns 7,274 shares of the company’s stock, valued at $1,771,800.92. This represents a 77.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Wildstar Partners Llc sold 660 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $241.00, for a total value of $159,060.00. Following the transaction, the insider now directly owns 1,736,884 shares in the company, valued at $418,589,044. This represents a 0.04 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,746 shares of company stock valued at $15,017,097. Insiders own 12.19% of the company’s stock.

Constellation Brands Trading Down 2.3 %

Shares of Constellation Brands stock opened at $165.07 on Tuesday. The stock has a fifty day simple moving average of $208.85 and a 200 day simple moving average of $231.16. Constellation Brands, Inc. has a 12-month low of $164.92 and a 12-month high of $274.87. The company has a market capitalization of $29.83 billion, a P/E ratio of 44.37, 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.

Constellation Brands (NYSE:STZ) last announced 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 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 the consensus estimate of $2.53 billion. During the same quarter last year, the company posted $3.19 EPS. The company’s quarterly revenue was down .3% compared to the same quarter last year. On average, sell-side analysts anticipate that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The firm 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. The ex-dividend date is Friday, February 7th. This represents a $4.04 annualized dividend and a yield of 2.45%. Constellation Brands’s dividend payout ratio is currently 108.60%.

Analysts Set New Price Targets

A number of research firms recently commented on STZ. BNP Paribas began coverage on Constellation Brands in a research note on Monday, November 25th. They issued a “neutral” rating and a $261.00 price objective on the stock. Roth Capital cut their price objective on Constellation Brands from $298.00 to $284.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. Royal Bank of Canada reiterated an “outperform” rating and issued a $293.00 target price on shares of Constellation Brands in a report on Monday, February 3rd. Wells Fargo & Company lowered 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. Finally, Truist Financial lowered their target price on Constellation Brands from $255.00 to $190.00 and set a “hold” rating for the company in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Constellation Brands currently has a consensus rating of “Moderate Buy” and a consensus target price of $254.29.

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.