Constellation Brands, Inc. (NYSE:STZ) Shares Sold by ST Germain D J Co. Inc.

ST Germain D J Co. Inc. lowered its holdings in Constellation Brands, Inc. (NYSE:STZ) by 6.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,528 shares of the company’s stock after selling 1,054 shares during the period. ST Germain D J Co. Inc.’s holdings in Constellation Brands were worth $3,653,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC increased its stake in Constellation Brands by 66.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 369,966 shares of the company’s stock valued at $81,762,000 after purchasing an additional 147,457 shares during the last quarter. Ables Iannone Moore & Associates Inc. lifted its holdings in Constellation Brands by 9.0% in the 4th quarter. Ables Iannone Moore & Associates Inc. now owns 8,726 shares of the company’s stock valued at $1,929,000 after acquiring an additional 718 shares during the last quarter. Doliver Advisors LP acquired a new position in Constellation Brands in the fourth quarter worth approximately $348,000. Nordea Investment Management AB grew its holdings in shares of Constellation Brands by 10.7% in the 4th quarter. Nordea Investment Management AB now owns 164,505 shares of the company’s stock worth $36,446,000 after acquiring an additional 15,942 shares during the last quarter. Finally, Versant Capital Management Inc lifted 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 purchasing an additional 142 shares during the last quarter. 77.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, major shareholder Wildstar Partners Llc sold 660 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $241.00, for a total value of $159,060.00. Following the completion of the sale, the insider now owns 1,736,884 shares in the company, valued at approximately $418,589,044. This trade represents a 0.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William A. Newlands sold 7,426 shares of the business’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $237.24, for a total value of $1,761,744.24. Following the transaction, the chief executive officer now owns 7,274 shares in the company, valued at $1,725,683.76. This represents a 50.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 189,956 shares of company stock worth $46,058,091 in the last quarter. 12.19% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have commented on STZ shares. Needham & Company LLC reaffirmed a “buy” rating and set a $280.00 price objective on shares of Constellation Brands in a research note on Friday, December 20th. TD Cowen decreased their price objective on shares of Constellation Brands from $270.00 to $260.00 and set a “hold” rating for the company in a research note on Wednesday. Roth Mkm reissued a “buy” rating and set a $298.00 target price on shares of Constellation Brands in a research note on Friday, October 4th. Evercore ISI decreased their target price on Constellation Brands from $310.00 to $300.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. Finally, BMO Capital Markets dropped their price target on Constellation Brands from $315.00 to $305.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 15th. Five analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $284.75.

Constellation Brands Stock Down 14.3 %

NYSE STZ traded down $31.43 during trading on Friday, hitting $187.85. 3,028,981 shares of the company traded hands, compared to its average volume of 1,904,478. Constellation Brands, Inc. has a 12 month low of $187.50 and a 12 month high of $274.87. The business has a fifty day simple moving average of $232.90 and a 200 day simple moving average of $242.14. The company has a market capitalization of $34.11 billion, a P/E ratio of 60.79, a PEG ratio of 1.69 and a beta of 1.75. The company has a current ratio of 1.25, a quick ratio of 0.53 and a debt-to-equity ratio of 1.31.

Constellation Brands (NYSE:STZ) last posted its earnings results on Friday, January 10th. The company reported $3.25 earnings per share 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 analyst estimates of $2.53 billion. Constellation Brands had a return on equity of 25.34% and a net margin of 5.29%. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter last year, the firm posted $3.19 earnings per share. As a group, sell-side analysts predict that Constellation Brands, Inc. will post 13.57 EPS for the current year.

Constellation Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 2.15%. Constellation Brands’s payout ratio is presently 130.74%.

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.