Tectonic Advisors LLC Buys 311 Shares of Constellation Brands, Inc. (NYSE:STZ)

Tectonic Advisors LLC grew its stake in Constellation Brands, Inc. (NYSE:STZ) by 8.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,791 shares of the company’s stock after purchasing an additional 311 shares during the period. Tectonic Advisors LLC’s holdings in Constellation Brands were worth $838,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Union Bancaire Privee UBP SA acquired a new stake in Constellation Brands in the fourth quarter valued at approximately $28,000. Eastern Bank acquired a new position in shares of Constellation Brands during the third quarter worth $39,000. Versant Capital Management Inc lifted its stake in shares of Constellation Brands by 887.5% in the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock valued at $35,000 after acquiring an additional 142 shares during the last quarter. FSA Wealth Management LLC acquired a new stake in shares of Constellation Brands during the 3rd quarter valued at $42,000. Finally, Truvestments Capital LLC bought a new stake in Constellation Brands during the 3rd quarter worth $60,000. 77.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Barclays dropped their target price on Constellation Brands from $282.00 to $214.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Jefferies Financial Group reiterated a “hold” rating and issued a $201.00 price objective (down previously from $310.00) on shares of Constellation Brands in a report on Monday, January 13th. Royal Bank of Canada reissued an “outperform” rating and set a $293.00 target price on shares of Constellation Brands in a report on Monday. 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. reissued a “neutral” rating and issued a $203.00 price objective (down previously 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 given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $254.29.

Constellation Brands Stock Up 0.1 %

Constellation Brands stock opened at $172.79 on Thursday. The company has a market capitalization of $31.23 billion, a PE ratio of 46.45, a PEG ratio of 1.59 and a beta of 1.75. Constellation Brands, Inc. has a 12-month low of $166.02 and a 12-month high of $274.87. The firm’s fifty day moving average is $212.85 and its 200 day moving average is $232.73. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data 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). 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 for the quarter, compared to the consensus estimate of $2.53 billion. During the same period last year, the company earned $3.19 EPS. Constellation Brands’s revenue for the quarter was down .3% compared to the same quarter last year. As a group, sell-side analysts predict that Constellation Brands, Inc. will post 13.52 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a dividend of $1.01 per share. The ex-dividend date is Friday, February 7th. This represents a $4.04 annualized dividend and a yield of 2.34%. Constellation Brands’s payout ratio is 108.60%.

Insider Activity at Constellation Brands

In related news, EVP James A. Jr. Sabia sold 36,086 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $242.99, for a total transaction of $8,768,537.14. Following the transaction, the executive vice president now directly owns 16,042 shares in the company, valued at approximately $3,898,045.58. The trade was a 69.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William A. Newlands sold 25,000 shares of the company’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $243.58, for a total transaction of $6,089,500.00. Following the completion of the sale, the chief executive officer now directly owns 7,274 shares of the company’s stock, valued at $1,771,800.92. The trade was a 77.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 61,746 shares of company stock valued at $15,017,097. 12.19% of the stock is owned by corporate insiders.

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.