Mesirow Financial Investment Management Inc. Sells 63 Shares of Constellation Brands, Inc. (NYSE:STZ)

Mesirow Financial Investment Management Inc. trimmed its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,577 shares of the company’s stock after selling 63 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Constellation Brands were worth $1,233,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Barden Capital Management Inc. grew its stake in Constellation Brands by 1.3% during the fourth quarter. Barden Capital Management Inc. now owns 5,574 shares of the company’s stock worth $1,232,000 after buying an additional 72 shares during the last quarter. Callan Family Office LLC grew its stake in Constellation Brands by 194.0% during the fourth quarter. Callan Family Office LLC now owns 2,452 shares of the company’s stock worth $542,000 after buying an additional 1,618 shares during the last quarter. Candriam S.C.A. lifted its position in shares of Constellation Brands by 0.8% during the fourth quarter. Candriam S.C.A. now owns 11,037 shares of the company’s stock worth $2,439,000 after purchasing an additional 88 shares in the last quarter. Inceptionr LLC acquired a new position in shares of Constellation Brands during the fourth quarter worth approximately $1,040,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Constellation Brands during the fourth quarter worth approximately $105,766,000. 77.34% of the stock is owned by institutional investors.

Constellation Brands Trading Up 4.3 %

STZ opened at $186.64 on Friday. The firm’s fifty day moving average is $184.27 and its two-hundred day moving average is $221.45. 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 firm has a market cap 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. Constellation Brands, Inc. has a twelve month low of $160.46 and a twelve month high of $274.87.

Constellation Brands (NYSE:STZ) last posted its earnings results on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing the consensus estimate of $3.33 by ($0.08). The firm had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.53 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The company’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter last year, the business posted $3.19 earnings per share. Equities research analysts anticipate that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend was Friday, February 7th. Constellation Brands’s dividend payout ratio is 108.60%.

Insider Transactions at Constellation Brands

In related news, Director William T. Giles acquired 1,000 shares of the stock in a transaction dated Friday, January 17th. The stock was bought at an average price of $186.39 per share, with a total value of $186,390.00. Following the completion of the transaction, the director now directly owns 1,463 shares of the company’s stock, valued at approximately $272,688.57. The trade was a 215.98 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.19% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. BNP Paribas assumed coverage on shares of Constellation Brands in a research report on Monday, November 25th. They set a “neutral” rating and a $261.00 target price on the stock. UBS Group reduced their target price on shares of Constellation Brands from $265.00 to $223.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. TD Cowen reduced their target price on shares of Constellation Brands from $270.00 to $260.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Jefferies Financial Group reiterated a “hold” rating and set a $201.00 target price (down from $310.00) on shares of Constellation Brands in a research report on Monday, January 13th. Finally, Roth Capital reduced their target price on shares of Constellation Brands from $298.00 to $284.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Eleven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $253.24.

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.