Constellation Brands, Inc. (NYSE:STZ) Shares Sold by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC reduced its position in Constellation Brands, Inc. (NYSE:STZ) by 10.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,444 shares of the company’s stock after selling 283 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Constellation Brands were worth $540,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. PFG Investments LLC increased its stake in shares of Constellation Brands by 3.8% in the 3rd quarter. PFG Investments LLC now owns 1,150 shares of the company’s stock worth $296,000 after acquiring an additional 42 shares during the last quarter. Metis Global Partners LLC increased its stake in shares of Constellation Brands by 0.8% in the 3rd quarter. Metis Global Partners LLC now owns 5,570 shares of the company’s stock worth $1,435,000 after acquiring an additional 46 shares during the last quarter. Rosenberg Matthew Hamilton increased its stake in shares of Constellation Brands by 6.2% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 858 shares of the company’s stock worth $221,000 after acquiring an additional 50 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Constellation Brands by 1.3% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,205 shares of the company’s stock worth $1,084,000 after acquiring an additional 52 shares during the last quarter. Finally, KCM Investment Advisors LLC increased its stake in shares of Constellation Brands by 1.7% in the 3rd quarter. KCM Investment Advisors LLC now owns 3,382 shares of the company’s stock worth $872,000 after acquiring an additional 56 shares during the last quarter. 77.34% of the stock is owned by institutional investors and hedge funds.

Constellation Brands Stock Performance

Shares of Constellation Brands stock opened at $176.00 on Friday. The business has a 50-day moving average of $194.29 and a 200 day moving average of $225.79. 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 stock has a market capitalization of $31.81 billion, a price-to-earnings ratio of 47.31, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a 12 month low of $160.46 and a 12 month 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 (EPS) for the quarter, missing the consensus estimate of $3.33 by ($0.08). The company had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.53 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The business’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.19 EPS. As a group, sell-side analysts forecast that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have issued reports on STZ. TD Cowen cut their target price on Constellation Brands from $270.00 to $260.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Morgan Stanley cut their target price on Constellation Brands from $280.00 to $220.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. Roth Capital cut their price objective on Constellation Brands from $298.00 to $284.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Jefferies Financial Group reissued a “hold” rating and set a $201.00 price objective (down from $310.00) on shares of Constellation Brands in a research report on Monday, January 13th. Finally, UBS Group cut their price objective on Constellation Brands from $265.00 to $223.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Ten analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Constellation Brands currently has an average rating of “Moderate Buy” and an average target price of $254.29.

Insider Activity

In related news, Director William T. Giles acquired 1,000 shares of the firm’s stock in a transaction dated Friday, January 17th. The stock was acquired at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the purchase, the director now owns 1,463 shares of the company’s stock, valued at $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 can be accessed through this hyperlink. Company insiders own 12.19% of the company’s stock.

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.