Constellation Brands, Inc. (NYSE:STZ) Position Trimmed by HUB Investment Partners LLC

HUB Investment Partners LLC lessened its stake in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 11.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,870 shares of the company's stock after selling 4,290 shares during the quarter. HUB Investment Partners LLC's holdings in Constellation Brands were worth $7,043,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Allworth Financial LP boosted its stake in shares of Constellation Brands by 0.8% during the fourth quarter. Allworth Financial LP now owns 7,357 shares of the company's stock valued at $1,626,000 after acquiring an additional 59 shares during the last quarter. BSW Wealth Partners boosted its stake in shares of Constellation Brands by 4.2% during the 4th quarter. BSW Wealth Partners now owns 1,563 shares of the company's stock worth $345,000 after purchasing an additional 63 shares during the last quarter. Philip James Wealth Mangement LLC boosted its stake in shares of Constellation Brands by 8.0% during the 4th quarter. Philip James Wealth Mangement LLC now owns 923 shares of the company's stock worth $204,000 after purchasing an additional 68 shares during the last quarter. Oak Asset Management LLC grew its holdings in shares of Constellation Brands by 0.4% during the fourth quarter. Oak Asset Management LLC now owns 17,611 shares of the company's stock worth $3,892,000 after buying an additional 71 shares in the last quarter. Finally, Hartford Funds Management Co LLC raised its position in shares of Constellation Brands by 4.2% in the third quarter. Hartford Funds Management Co LLC now owns 1,797 shares of the company's stock valued at $463,000 after buying an additional 72 shares during the last quarter. Hedge funds and other institutional investors own 77.34% of the company's stock.

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Analysts Set New Price Targets

Several analysts have commented on STZ shares. Citigroup cut shares of Constellation Brands from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $260.00 to $200.00 in a research note on Thursday. StockNews.com downgraded Constellation Brands from a "hold" rating to a "sell" rating in a research report on Friday, March 14th. BNP Paribas started coverage on Constellation Brands in a research report on Monday, November 25th. They set a "neutral" rating and a $261.00 target price on the stock. Needham & Company LLC restated a "buy" rating and issued a $240.00 price target on shares of Constellation Brands in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and set a $203.00 price objective (down from $262.00) on shares of Constellation Brands in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $250.41.

Constellation Brands Stock Up 1.7 %

STZ traded up $3.06 during trading hours on Monday, reaching $180.48. 2,071,778 shares of the stock traded hands, compared to its average volume of 1,572,978. Constellation Brands, Inc. has a fifty-two week low of $160.46 and a fifty-two week high of $274.87. The company has a market cap of $32.62 billion, a price-to-earnings ratio of 48.52, a PEG ratio of 1.52 and a beta of 0.90. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. The firm's fifty day simple moving average is $177.22 and its two-hundred day simple moving average is $216.39.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its earnings results 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). The business had revenue of $2.46 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.19 earnings per share. As a group, analysts forecast that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend was Friday, February 7th. Constellation Brands's dividend payout ratio is currently 108.60%.

Insider Transactions at Constellation Brands

In related news, Director William T. Giles purchased 1,000 shares of Constellation Brands stock in a transaction dated Friday, January 17th. The shares were 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 trade represents a 215.98 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 12.19% of the company's stock.

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.