Savoir Faire Capital Management L.P. Has $12.20 Million Holdings in Constellation Brands, Inc. (NYSE:STZ)

Savoir Faire Capital Management L.P. grew its stake in Constellation Brands, Inc. (NYSE:STZ - Free Report) by 82.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,218 shares of the company's stock after acquiring an additional 24,958 shares during the quarter. Constellation Brands comprises approximately 5.8% of Savoir Faire Capital Management L.P.'s portfolio, making the stock its 2nd biggest holding. Savoir Faire Capital Management L.P.'s holdings in Constellation Brands were worth $12,203,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Public Sector Pension Investment Board grew its holdings in shares of Constellation Brands by 3.5% during the third quarter. Public Sector Pension Investment Board now owns 5,904 shares of the company's stock worth $1,521,000 after buying an additional 200 shares in the last quarter. Benjamin Edwards Inc. grew its stake in Constellation Brands by 206.5% in the 3rd quarter. Benjamin Edwards Inc. now owns 4,763 shares of the company's stock worth $1,228,000 after acquiring an additional 3,209 shares during the period. Hilltop Holdings Inc. acquired a new position in Constellation Brands in the 3rd quarter valued at $205,000. Investment Management Corp of Ontario grew its position in shares of Constellation Brands by 45.3% in the third quarter. Investment Management Corp of Ontario now owns 5,455 shares of the company's stock valued at $1,406,000 after purchasing an additional 1,700 shares during the period. Finally, Reynders McVeigh Capital Management LLC increased its position in Constellation Brands by 48.4% during the third quarter. Reynders McVeigh Capital Management LLC now owns 2,759 shares of the company's stock worth $711,000 after purchasing an additional 900 shares during the last quarter. Institutional investors and hedge funds own 77.34% of the company's stock.

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Insider Activity

In related news, Director William T. Giles acquired 1,000 shares of the business's stock in a transaction dated Friday, January 17th. The stock was acquired at an average price of $186.39 per share, with a total value of $186,390.00. Following the completion of the transaction, the director now owns 1,463 shares of the company's stock, valued at approximately $272,688.57. This represents a 215.98 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 12.19% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on STZ shares. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $203.00 target price (down previously from $262.00) on shares of Constellation Brands in a report on Monday, January 13th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $201.00 price objective (down from $310.00) on shares of Constellation Brands in a research note on Monday, January 13th. StockNews.com cut Constellation Brands from a "hold" rating to a "sell" rating in a report on Friday, March 14th. Argus lowered shares of Constellation Brands from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Finally, Royal Bank of Canada decreased their price objective on shares of Constellation Brands from $293.00 to $289.00 and set an "outperform" rating for the company in a research note on Friday, March 7th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $244.32.

Constellation Brands Stock Performance

STZ stock traded down $3.42 during midday trading on Tuesday, hitting $169.17. 2,987,541 shares of the company traded hands, compared to its average volume of 1,660,421. Constellation Brands, Inc. has a twelve month low of $160.46 and a twelve month high of $274.87. The stock has a market capitalization of $30.57 billion, a price-to-earnings ratio of 45.33, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. The business has a 50 day simple moving average of $176.84 and a 200-day simple moving average of $211.47.

Constellation Brands (NYSE:STZ - Get Free Report) last released its earnings results on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing analysts' consensus estimates of $3.33 by ($0.08). The firm had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.53 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The firm's revenue was down .3% on a year-over-year basis. During the same period in the prior year, the firm earned $3.19 EPS. As a group, equities research analysts predict that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $1.01 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.39%. Constellation Brands's dividend payout ratio (DPR) is presently 108.60%.

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.