Constellation Brands, Inc. (NYSE:STZ) Stock Position Lowered by National Pension Service

National Pension Service lessened its position in Constellation Brands, Inc. (NYSE:STZ) by 34.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 252,033 shares of the company’s stock after selling 129,722 shares during the quarter. National Pension Service’s holdings in Constellation Brands were worth $55,699,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vaughan David Investments LLC IL lifted its holdings in shares of Constellation Brands by 3.4% during the fourth quarter. Vaughan David Investments LLC IL now owns 147,288 shares of the company’s stock valued at $32,551,000 after purchasing an additional 4,903 shares during the last quarter. Brown Financial Advisors lifted its holdings in shares of Constellation Brands by 19.9% during the fourth quarter. Brown Financial Advisors now owns 1,935 shares of the company’s stock valued at $428,000 after purchasing an additional 321 shares during the last quarter. BankPlus Trust Department purchased a new stake in shares of Constellation Brands during the fourth quarter valued at $562,000. Birchcreek Wealth Management LLC purchased a new stake in shares of Constellation Brands during the fourth quarter valued at $215,000. Finally, South Dakota Investment Council lifted its holdings in shares of Constellation Brands by 11.4% during the fourth quarter. South Dakota Investment Council now owns 13,638 shares of the company’s stock valued at $3,014,000 after purchasing an additional 1,400 shares during the last quarter. Institutional investors own 77.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. TD Cowen reduced their target price on Constellation Brands from $270.00 to $260.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Truist Financial reduced 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. Roth Capital dropped their price target on Constellation Brands from $298.00 to $284.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Evercore ISI decreased their price objective on Constellation Brands from $300.00 to $250.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Finally, Wells Fargo & Company dropped their target price on Constellation Brands from $295.00 to $275.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Constellation Brands presently has an average rating of “Hold” and an average target price of $253.43.

Insider Transactions at Constellation Brands

In related news, Director William T. Giles purchased 1,000 shares of the firm’s stock in a transaction dated Friday, January 17th. The stock was bought at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the purchase, the director now owns 1,463 shares in the company, valued at $272,688.57. The trade was a 215.98 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 12.19% of the stock is currently owned by corporate insiders.

Constellation Brands Trading Down 2.8 %

Constellation Brands stock opened at $173.43 on Friday. Constellation Brands, Inc. has a one year low of $160.46 and a one year high of $274.87. The company’s fifty day moving average price is $190.04 and its two-hundred day moving average price is $224.16. 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 has a market capitalization of $31.34 billion, a price-to-earnings ratio of 46.62, a PEG ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last released 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). The company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.53 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The business’s revenue was down .3% compared to the same quarter last year. During the same quarter last year, the company posted $3.19 EPS. On average, analysts forecast that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders 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 dividend yield of 2.33%. Constellation Brands’s dividend payout ratio (DPR) is presently 108.60%.

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.