Constellation Brands, Inc. (NYSE:STZ) Shares Sold by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC reduced its position in Constellation Brands, Inc. (NYSE:STZ) by 11.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,805 shares of the company’s stock after selling 242 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Constellation Brands were worth $399,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Compagnie Lombard Odier SCmA purchased a new stake in Constellation Brands during the 4th quarter worth approximately $27,000. Union Bancaire Privee UBP SA acquired a new stake in shares of Constellation Brands in the fourth quarter valued at $28,000. Versant Capital Management Inc raised its stake in shares of Constellation Brands by 887.5% in the fourth quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock valued at $35,000 after acquiring an additional 142 shares in the last quarter. Centricity Wealth Management LLC purchased a new position in Constellation Brands in the fourth quarter valued at $35,000. Finally, FSA Wealth Management LLC acquired a new position in Constellation Brands during the 3rd quarter worth $42,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Analyst Ratings Changes

STZ has been the subject of several recent research reports. Barclays decreased their price objective on Constellation Brands from $282.00 to $214.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $240.00 price objective on shares of Constellation Brands in a research report on Monday, January 27th. 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, January 17th. StockNews.com downgraded Constellation Brands from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, TD Cowen dropped their price objective on Constellation Brands from $270.00 to $260.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $253.43.

Insider Activity at Constellation Brands

In related news, Director William T. Giles bought 1,000 shares of the company’s stock in a transaction on Friday, January 17th. The stock was bought at an average cost of $186.39 per share, with a total value of $186,390.00. Following the completion of the acquisition, the director now owns 1,463 shares in the company, valued at approximately $272,688.57. This represents a 215.98 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 12.19% of the company’s stock.

Constellation Brands Stock Down 2.8 %

Shares of NYSE:STZ opened at $173.43 on Friday. Constellation Brands, Inc. has a fifty-two week low of $160.46 and a fifty-two week high of $274.87. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. The firm’s 50-day simple moving average is $190.04 and its 200-day simple moving average is $224.16. The company has a market cap of $31.34 billion, a price-to-earnings ratio of 46.62, a PEG ratio of 1.52 and a beta of 1.75.

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

Constellation Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a dividend of $1.01 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.33%. Constellation Brands’s dividend payout ratio (DPR) is presently 108.60%.

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.