Hickory Point Bank & Trust Acquires New Position in Constellation Brands, Inc. (NYSE:STZ)

Hickory Point Bank & Trust acquired a new stake in Constellation Brands, Inc. (NYSE:STZ) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,069 shares of the company’s stock, valued at approximately $236,000.

Other hedge funds have also added to or reduced their stakes in the company. Jacobi Capital Management LLC boosted its position in Constellation Brands by 1.6% in the fourth quarter. Jacobi Capital Management LLC now owns 6,353 shares of the company’s stock valued at $1,404,000 after buying an additional 101 shares in the last quarter. Metis Global Partners LLC boosted its position in Constellation Brands by 30.4% in the fourth quarter. Metis Global Partners LLC now owns 7,262 shares of the company’s stock valued at $1,605,000 after buying an additional 1,692 shares in the last quarter. SVB Wealth LLC acquired a new stake in Constellation Brands in the fourth quarter valued at approximately $715,000. U S Global Investors Inc. lifted its holdings in shares of Constellation Brands by 59.9% during the fourth quarter. U S Global Investors Inc. now owns 6,300 shares of the company’s stock worth $1,392,000 after purchasing an additional 2,360 shares during the period. Finally, First American Bank lifted its holdings in shares of Constellation Brands by 0.9% during the fourth quarter. First American Bank now owns 32,850 shares of the company’s stock worth $7,260,000 after purchasing an additional 281 shares during the period. 77.34% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director William T. Giles acquired 1,000 shares of Constellation Brands stock in a transaction on Friday, January 17th. The stock was acquired at an average cost of $186.39 per share, with a total value of $186,390.00. Following the transaction, the director now owns 1,463 shares of the company’s stock, valued at approximately $272,688.57. This trade represents a 215.98 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.19% of the stock is currently owned by insiders.

Constellation Brands Trading Up 1.4 %

NYSE:STZ opened at $175.74 on Friday. 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 firm has a 50-day moving average of $189.00 and a 200-day moving average of $223.60. The company has a market cap of $31.76 billion, a PE ratio of 47.24, a PEG ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a one year low of $160.46 and a one year high of $274.87.

Constellation Brands (NYSE:STZ) last posted its earnings results on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.08). The business 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 company’s revenue was down .3% on a year-over-year basis. During the same period in the previous year, the firm earned $3.19 earnings per share. As a group, equities research analysts expect that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date was Friday, February 7th. Constellation Brands’s payout ratio is 108.60%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wells Fargo & Company cut their price target on shares of Constellation Brands from $295.00 to $275.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Needham & Company LLC reiterated a “buy” rating and set a $240.00 price target on shares of Constellation Brands in a report on Monday, January 27th. TD Cowen cut their price target on shares of Constellation Brands from $270.00 to $260.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Argus lowered shares of Constellation Brands from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $203.00 price target (down previously from $262.00) on shares of Constellation Brands in a report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Constellation Brands has an average rating of “Hold” and an average price target of $253.43.

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.