Cambiar Investors LLC Has $33.53 Million Holdings in Constellation Brands, Inc. (NYSE:STZ)

Cambiar Investors LLC cut its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 28.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 151,712 shares of the company’s stock after selling 59,259 shares during the period. Cambiar Investors LLC owned 0.08% of Constellation Brands worth $33,528,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in STZ. Union Bancaire Privee UBP SA acquired a new position in Constellation Brands during the 4th quarter valued at about $28,000. Versant Capital Management Inc lifted its position in Constellation Brands by 887.5% during the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock valued at $35,000 after purchasing an additional 142 shares during the period. Eastern Bank acquired a new position in Constellation Brands during the 3rd quarter valued at about $39,000. FSA Wealth Management LLC bought a new stake in shares of Constellation Brands in the 3rd quarter valued at about $42,000. Finally, Truvestments Capital LLC bought a new stake in shares of Constellation Brands in the 3rd quarter valued at about $60,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Constellation Brands

In other Constellation Brands news, Director William T. Giles bought 1,000 shares of the firm’s stock in a transaction on Friday, January 17th. The shares were purchased at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO William A. Newlands sold 25,000 shares of Constellation Brands stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $243.58, for a total value of $6,089,500.00. Following the completion of the transaction, the chief executive officer now owns 7,274 shares in the company, valued at approximately $1,771,800.92. This represents a 77.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 61,746 shares of company stock worth $15,017,097 over the last 90 days. Insiders own 12.19% of the company’s stock.

Constellation Brands Trading Down 2.3 %

Shares of Constellation Brands stock opened at $165.07 on Tuesday. 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 company has a market capitalization of $29.83 billion, a price-to-earnings ratio of 44.37, a P/E/G ratio of 1.51 and a beta of 0.90. The business has a fifty day simple moving average of $208.85 and a two-hundred day simple moving average of $231.16. Constellation Brands, Inc. has a 1 year low of $164.92 and a 1 year high of $274.87.

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

Constellation Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend is Friday, February 7th. Constellation Brands’s payout ratio is currently 108.60%.

Analyst Ratings Changes

A number of brokerages have recently commented on STZ. Piper Sandler cut Constellation Brands from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $245.00 to $200.00 in a research note on Monday, February 3rd. Jefferies Financial Group reissued a “hold” rating and set a $201.00 target price (down from $310.00) on shares of Constellation Brands in a research note on Monday, January 13th. BMO Capital Markets lowered their target price on Constellation Brands from $315.00 to $305.00 and set an “outperform” rating for the company in a research note on Tuesday, October 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $240.00 price target on shares of Constellation Brands in a research note on Monday, January 27th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $203.00 price target (down from $262.00) on shares of Constellation Brands in a research note on Monday, January 13th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $254.29.

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.