Constellation Brands, Inc. (NYSE:STZ) Stock Holdings Lowered by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC cut its position in Constellation Brands, Inc. (NYSE:STZ) by 49.9% during the 4th quarter, HoldingsChannel reports. The firm owned 2,473 shares of the company’s stock after selling 2,462 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Constellation Brands were worth $547,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc raised its holdings in shares of Constellation Brands by 887.5% during the fourth quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock valued at $35,000 after buying an additional 142 shares during the last quarter. Eastern Bank bought a new stake in Constellation Brands during the 3rd quarter valued at $39,000. FSA Wealth Management LLC acquired a new position in Constellation Brands during the 3rd quarter worth $42,000. Truvestments Capital LLC bought a new position in shares of Constellation Brands in the third quarter worth $60,000. Finally, Continuum Advisory LLC increased its holdings in shares of Constellation Brands by 68.0% during the third 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 period. 77.34% of the stock is currently owned by institutional investors.

Constellation Brands Stock Down 0.4 %

Shares of Constellation Brands stock opened at $182.41 on Thursday. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. Constellation Brands, Inc. has a 1 year low of $176.51 and a 1 year high of $274.87. The stock has a 50-day moving average price of $218.87 and a 200 day moving average price of $235.16. The company has a market cap of $32.97 billion, a P/E ratio of 49.04, a P/E/G ratio of 1.58 and a beta of 0.91.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). The company had revenue of $2.46 billion for 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 revenue for the quarter was down .3% on a year-over-year basis. During the same period in the previous year, the firm posted $3.19 earnings per share. As a group, analysts expect that Constellation Brands, Inc. will post 13.52 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a dividend of $1.01 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.04 annualized dividend and a dividend yield of 2.21%. Constellation Brands’s dividend payout ratio is 108.60%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on STZ. BMO Capital Markets decreased their target price on shares of Constellation Brands from $315.00 to $305.00 and set an “outperform” rating for the company in a research report on Tuesday, October 15th. TD Cowen lowered their price objective on shares of Constellation Brands from $270.00 to $260.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Jefferies Financial Group restated a “hold” rating and issued a $201.00 target price (down from $310.00) on shares of Constellation Brands in a research report on Monday, January 13th. Royal Bank of Canada reiterated an “outperform” rating and set a $308.00 price target on shares of Constellation Brands in a research report on Tuesday, January 7th. Finally, Bank of America restated a “neutral” rating and issued a $255.00 price objective (down previously from $300.00) on shares of Constellation Brands in a report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $257.14.

Insider Buying and Selling at Constellation Brands

In other news, Director William T. Giles purchased 1,000 shares of Constellation Brands stock in a transaction dated Friday, January 17th. The stock was acquired at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the acquisition, the director now directly owns 1,463 shares in the company, valued at $272,688.57. This represents a 215.98 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO William A. Newlands sold 25,000 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was 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 $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 61,746 shares of company stock worth $15,017,097 over the last 90 days. 12.19% of the stock is currently owned by corporate insiders.

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.