Savant Capital LLC Boosts Stake in Constellation Brands, Inc. (NYSE:STZ)

Savant Capital LLC lifted its holdings in Constellation Brands, Inc. (NYSE:STZ) by 17.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,761 shares of the company’s stock after buying an additional 558 shares during the period. Savant Capital LLC’s holdings in Constellation Brands were worth $831,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Liberty Capital Management Inc. lifted its stake in shares of Constellation Brands by 2.3% in the fourth quarter. Liberty Capital Management Inc. now owns 22,663 shares of the company’s stock worth $5,009,000 after buying an additional 501 shares in the last quarter. Entropy Technologies LP lifted its stake in shares of Constellation Brands by 339.6% in the fourth quarter. Entropy Technologies LP now owns 27,857 shares of the company’s stock worth $6,156,000 after buying an additional 21,520 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Constellation Brands by 62.8% in the fourth quarter. Empowered Funds LLC now owns 16,575 shares of the company’s stock worth $3,663,000 after buying an additional 6,391 shares in the last quarter. Kingsview Wealth Management LLC lifted its stake in shares of Constellation Brands by 2.7% in the fourth quarter. Kingsview Wealth Management LLC now owns 5,482 shares of the company’s stock worth $1,211,000 after buying an additional 144 shares in the last quarter. Finally, Platform Technology Partners lifted its stake in shares of Constellation Brands by 3.7% in the fourth quarter. Platform Technology Partners now owns 6,061 shares of the company’s stock worth $1,340,000 after buying an additional 214 shares in the last quarter. 77.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

STZ has been the topic of a number of analyst reports. Piper Sandler downgraded shares of Constellation Brands from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $245.00 to $200.00 in a research note on Monday, February 3rd. Wells Fargo & Company reduced their target price on shares of Constellation Brands from $295.00 to $275.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. BNP Paribas initiated coverage on shares of Constellation Brands in a research note on Monday, November 25th. They set a “neutral” rating and a $261.00 target price on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $203.00 target price (down from $262.00) on shares of Constellation Brands in a research note 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 note on Friday, January 17th. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $254.29.

Constellation Brands Trading Down 0.3 %

Shares of STZ stock opened at $162.69 on Friday. 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 stock has a market capitalization of $29.40 billion, a P/E ratio of 43.73, a price-to-earnings-growth ratio of 1.51 and a beta of 0.90. The company has a 50 day moving average price of $201.35 and a 200 day moving average price of $228.41. Constellation Brands, Inc. has a fifty-two week low of $160.46 and a fifty-two week high of $274.87.

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

Constellation Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 2.48%. The ex-dividend date is Friday, February 7th. Constellation Brands’s dividend payout ratio (DPR) is presently 108.60%.

Insiders Place Their Bets

In other Constellation Brands news, major shareholder Wildstar Partners Llc sold 660 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $241.00, for a total transaction of $159,060.00. Following the completion of the transaction, the insider now owns 1,736,884 shares in the company, valued at $418,589,044. The trade was a 0.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William T. Giles acquired 1,000 shares of Constellation Brands stock in a transaction dated Friday, January 17th. The shares were bought at an average price of $186.39 per share, with a total value of $186,390.00. Following the transaction, the director now directly owns 1,463 shares in the company, valued at approximately $272,688.57. The trade was a 215.98 % increase in their position. The disclosure for this purchase can be found here. 12.19% of the stock is currently owned by company insiders.

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.