Sanibel Captiva Trust Company Inc. Acquires 1,147 Shares of Constellation Brands, Inc. (NYSE:STZ)

Sanibel Captiva Trust Company Inc. raised its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 7.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,356 shares of the company’s stock after buying an additional 1,147 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in Constellation Brands were worth $3,615,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc boosted its position in Constellation Brands by 887.5% during the fourth quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock worth $35,000 after purchasing an additional 142 shares during the period. Eastern Bank acquired a new stake in Constellation Brands during the third quarter worth about $39,000. FSA Wealth Management LLC bought a new stake in shares of Constellation Brands during the third quarter valued at approximately $42,000. Truvestments Capital LLC bought a new stake in Constellation Brands in the 3rd quarter valued at $60,000. Finally, Continuum Advisory LLC increased its stake in Constellation Brands by 68.0% in the third quarter. Continuum Advisory LLC now owns 252 shares of the company’s stock valued at $61,000 after acquiring an additional 102 shares during the period. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Stock Down 0.3 %

Constellation Brands stock opened at $184.05 on Friday. 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, Inc. has a 1-year low of $176.51 and a 1-year high of $274.87. The company has a fifty day simple moving average of $227.76 and a 200 day simple moving average of $239.46. The company has a market cap of $33.42 billion, a P/E ratio of 49.48, a price-to-earnings-growth ratio of 1.28 and a beta of 0.91.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.08). Constellation Brands had a net margin of 5.29% and a return on equity of 25.34%. The company had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.53 billion. During the same period in the previous year, the company posted $3.19 EPS. The company’s quarterly revenue was down .3% compared to the same quarter last year. Research analysts anticipate that Constellation Brands, Inc. will post 13.72 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently declared 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 2.20%. The ex-dividend date is Friday, February 7th. Constellation Brands’s dividend payout ratio (DPR) is presently 108.60%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. BNP Paribas initiated coverage on Constellation Brands in a research note on Monday, November 25th. They set a “neutral” rating and a $261.00 price objective for the company. Royal Bank of Canada reissued an “outperform” rating and issued a $308.00 price target on shares of Constellation Brands in a report on Tuesday, January 7th. Truist Financial dropped their price objective on Constellation Brands from $255.00 to $190.00 and set a “hold” rating for the company in a report on Tuesday. Evercore ISI cut their price target on Constellation Brands from $300.00 to $250.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Finally, TD Cowen cut their price target on shares of Constellation Brands from $270.00 to $260.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $259.05.

Insider Buying and Selling at Constellation Brands

In other Constellation Brands news, 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 completion of the sale, the chief executive officer now owns 7,274 shares of the company’s stock, valued at $1,725,683.76. The trade was a 50.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Wildstar Partners Llc sold 660 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total transaction of $159,060.00. Following the transaction, the insider now owns 1,736,884 shares in the company, valued at approximately $418,589,044. The trade was a 0.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 69,172 shares of company stock worth $16,778,841 over the last ninety days. Insiders own 12.19% of the company’s stock.

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.