B & T Capital Management DBA Alpha Capital Management Increases Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

B & T Capital Management DBA Alpha Capital Management lifted its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 3.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 17,897 shares of the company’s stock after acquiring an additional 546 shares during the quarter. B & T Capital Management DBA Alpha Capital Management’s holdings in Constellation Brands were worth $3,955,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of STZ. Versant Capital Management Inc grew its stake in Constellation Brands by 887.5% during the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock worth $35,000 after buying an additional 142 shares during the last quarter. Eastern Bank acquired a new stake in shares of Constellation Brands in the third quarter valued at approximately $39,000. FSA Wealth Management LLC purchased a new position in shares of Constellation Brands during the third quarter worth approximately $42,000. Truvestments Capital LLC purchased a new stake in Constellation Brands in the 3rd quarter valued at $60,000. Finally, Continuum Advisory LLC raised its position in Constellation Brands by 68.0% in the 3rd quarter. Continuum Advisory LLC now owns 252 shares of the company’s stock valued at $61,000 after purchasing an additional 102 shares during the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Trading Down 0.3 %

Shares of STZ stock opened at $184.05 on Friday. The stock has a market cap of $33.42 billion, a P/E ratio of 49.48, a P/E/G ratio of 1.28 and a beta of 0.91. The company has a quick ratio of 0.53, a current ratio of 1.25 and a debt-to-equity ratio of 1.31. Constellation Brands, Inc. has a fifty-two week low of $176.51 and a fifty-two week high of $274.87. The business has a fifty day simple moving average of $227.76 and a 200-day simple moving average of $239.46.

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). Constellation Brands had a net margin of 5.29% and a return on equity of 25.34%. The business had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.53 billion. During the same quarter last year, the business posted $3.19 earnings per share. The business’s revenue was down .3% compared to the same quarter last year. On average, analysts forecast that Constellation Brands, Inc. will post 13.72 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date is Friday, February 7th. Constellation Brands’s payout ratio is currently 108.60%.

Wall Street Analyst Weigh In

A number of research firms have commented on STZ. Morgan Stanley dropped their price objective on shares of Constellation Brands from $280.00 to $220.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Royal Bank of Canada restated an “outperform” rating and issued a $308.00 price target on shares of Constellation Brands in a research report on Tuesday, January 7th. Piper Sandler decreased their price objective on Constellation Brands from $300.00 to $245.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Roth Capital dropped their target price on Constellation Brands from $298.00 to $284.00 and set a “buy” rating on the stock in a report on Friday. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $280.00 price target on shares of Constellation Brands in a report on Friday, January 10th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $259.05.

Insiders Place Their Bets

In other news, major shareholder Wildstar Partners Llc sold 660 shares of Constellation Brands stock in a transaction dated 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 sale, the insider now directly owns 1,736,884 shares in the company, valued at $418,589,044. The trade was a 0.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO William A. Newlands sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were 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 directly owns 7,274 shares in the company, valued at $1,771,800.92. The trade was a 77.46 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 69,172 shares of company stock valued at $16,778,841. Corporate insiders own 12.19% of the company’s stock.

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.