Kingswood Wealth Advisors LLC Reduces Holdings in Constellation Brands, Inc. (NYSE:STZ)

Kingswood Wealth Advisors LLC cut its holdings in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 49.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,473 shares of the company's stock after selling 2,462 shares during the quarter. Kingswood Wealth Advisors LLC's holdings in Constellation Brands were worth $547,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in STZ. Versant Capital Management Inc boosted its position 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 buying an additional 142 shares during the period. Eastern Bank bought a new position in shares of Constellation Brands during the third quarter valued at approximately $39,000. FSA Wealth Management LLC bought a new position in Constellation Brands in the third quarter worth approximately $42,000. Truvestments Capital LLC purchased a new stake in Constellation Brands during the third quarter worth $60,000. Finally, Continuum Advisory LLC increased its holdings in shares of Constellation Brands by 68.0% in the 3rd 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. Hedge funds and other institutional investors own 77.34% of the company's stock.

Wall Street Analysts Forecast Growth

STZ has been the topic of a number of research analyst reports. Needham & Company LLC reissued a "buy" rating and set a $240.00 price objective on shares of Constellation Brands in a report on Monday. Bank of America reiterated a "neutral" rating and issued a $255.00 price objective (down from $300.00) on shares of Constellation Brands in a report on Monday, October 7th. Royal Bank of Canada reiterated an "outperform" rating and set a $308.00 price target on shares of Constellation Brands in a report on Tuesday, January 7th. Roth Capital decreased their price target on Constellation Brands from $298.00 to $284.00 and set a "buy" rating on the stock in a research note on Friday, January 17th. Finally, Evercore ISI decreased their target price on Constellation Brands from $300.00 to $250.00 and set an "outperform" rating for the company in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Constellation Brands presently has an average rating of "Moderate Buy" and a consensus price target of $257.14.

Insider Activity at Constellation Brands

In other Constellation Brands news, EVP James A. Jr. Sabia sold 36,086 shares of the business's stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $242.99, for a total value of $8,768,537.14. Following the completion of the transaction, the executive vice president now owns 16,042 shares of the company's stock, valued at approximately $3,898,045.58. The trade was a 69.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Wildstar Partners Llc sold 660 shares of Constellation Brands stock in a transaction 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 $418,589,044. This represents a 0.04 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 61,746 shares of company stock worth $15,017,097. Corporate insiders own 12.19% of the company's stock.

Constellation Brands Stock Up 2.3 %

Shares of NYSE STZ traded up $4.16 during trading hours on Thursday, hitting $186.39. The company had a trading volume of 638,359 shares, compared to its average volume of 2,806,871. Constellation Brands, Inc. has a 1-year low of $176.51 and a 1-year high of $274.87. The firm's 50 day moving average is $217.72 and its 200-day moving average is $234.79. 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 stock has a market capitalization of $33.69 billion, a P/E ratio of 50.10, a price-to-earnings-growth ratio of 1.58 and a beta of 0.91.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its quarterly earnings results on Friday, January 10th. The company reported $3.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.33 by ($0.08). The business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.53 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. During the same quarter in the previous year, the business posted $3.19 EPS. The company's revenue for the quarter was down .3% on a year-over-year basis. On average, analysts expect that Constellation Brands, Inc. will post 13.52 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued a $1.01 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.04 annualized dividend and a dividend yield of 2.17%. Constellation Brands's dividend payout ratio is currently 108.60%.

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.