NumerixS Investment Technologies Inc trimmed its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 52.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,098 shares of the company’s stock after selling 4,605 shares during the quarter. NumerixS Investment Technologies Inc’s holdings in Constellation Brands were worth $667,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. HC Financial Advisors Inc. lifted its stake in shares of Constellation Brands by 11.7% in the third quarter. HC Financial Advisors Inc. now owns 5,810 shares of the company’s stock worth $1,253,000 after buying an additional 610 shares in the last quarter. US Bancorp DE lifted its stake in shares of Constellation Brands by 3.1% in the third quarter. US Bancorp DE now owns 44,105 shares of the company’s stock worth $9,510,000 after buying an additional 1,339 shares in the last quarter. Sterling Capital Management LLC lifted its stake in shares of Constellation Brands by 35.3% in the third quarter. Sterling Capital Management LLC now owns 3,550 shares of the company’s stock worth $765,000 after buying an additional 927 shares in the last quarter. Synovus Financial Corp lifted its stake in shares of Constellation Brands by 30.8% in the third quarter. Synovus Financial Corp now owns 2,838 shares of the company’s stock worth $611,000 after buying an additional 669 shares in the last quarter. Finally, Engineers Gate Manager LP bought a new position in shares of Constellation Brands in the third quarter worth approximately $593,000. 72.12% of the stock is owned by hedge funds and other institutional investors.
Shares of STZ stock opened at $168.80 on Thursday. Constellation Brands, Inc. has a 12 month low of $150.37 and a 12 month high of $236.62. The company has a market cap of $31.53 billion, a price-to-earnings ratio of 19.36, a price-to-earnings-growth ratio of 2.02 and a beta of 0.48. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.08 and a quick ratio of 0.43.
Constellation Brands (NYSE:STZ) last announced its earnings results on Wednesday, January 9th. The company reported $2.37 EPS for the quarter, beating the Zacks’ consensus estimate of $2.04 by $0.33. Constellation Brands had a net margin of 35.27% and a return on equity of 17.62%. The business had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same period in the prior year, the company earned $2.00 earnings per share. The firm’s revenue was up 9.5% on a year-over-year basis. As a group, research analysts predict that Constellation Brands, Inc. will post 9.17 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 26th. Shareholders of record on Tuesday, February 12th were issued a dividend of $0.74 per share. The ex-dividend date was Monday, February 11th. This represents a $2.96 dividend on an annualized basis and a yield of 1.75%. Constellation Brands’s dividend payout ratio is currently 10.67%.
Several brokerages have recently issued reports on STZ. Macquarie downgraded shares of Constellation Brands from an “outperform” rating to a “neutral” rating and set a $210.00 target price on the stock. in a research note on Thursday, November 29th. Zacks Investment Research upgraded shares of Constellation Brands from a “hold” rating to a “buy” rating and set a $222.00 target price on the stock in a research note on Wednesday, December 5th. Jefferies Financial Group reiterated a “buy” rating and issued a $289.00 target price on shares of Constellation Brands in a research note on Friday, December 7th. UBS Group began coverage on shares of Constellation Brands in a report on Thursday, December 13th. They set a “neutral” rating and a $209.00 price objective for the company. Finally, Morgan Stanley set a $233.00 price objective on shares of Constellation Brands and gave the company a “buy” rating in a report on Thursday, February 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. Constellation Brands presently has an average rating of “Buy” and a consensus price target of $227.52.
In other Constellation Brands news, Director Barry A. Fromberg sold 810 shares of the company’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $173.05, for a total transaction of $140,170.50. Following the completion of the sale, the director now directly owns 20,550 shares of the company’s stock, valued at $3,556,177.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Barry A. Fromberg sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $174.72, for a total transaction of $262,080.00. Following the sale, the director now directly owns 18,240 shares of the company’s stock, valued at $3,186,892.80. The disclosure for this sale can be found here. 15.80% of the stock is currently owned by corporate insiders.
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Constellation Brands Profile
Constellation Brands, Inc, together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company sells wine across various categories, including table wine, sparkling wine, and dessert wine. It provides beer primarily under the Corona Extra, Corona Light, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Obregon Brewery, and Ballast Point brands.
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