Segall Bryant & Hamill LLC Decreases Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

Segall Bryant & Hamill LLC lowered its holdings in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 27.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,572 shares of the company's stock after selling 14,449 shares during the quarter. Segall Bryant & Hamill LLC's holdings in Constellation Brands were worth $8,303,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Thrivent Financial for Lutherans increased its stake in Constellation Brands by 13.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 7,341 shares of the company's stock worth $1,892,000 after buying an additional 845 shares during the period. Daiwa Securities Group Inc. raised its stake in shares of Constellation Brands by 10.4% during the third quarter. Daiwa Securities Group Inc. now owns 19,678 shares of the company's stock valued at $5,071,000 after acquiring an additional 1,854 shares in the last quarter. Truvestments Capital LLC purchased a new stake in shares of Constellation Brands in the third quarter valued at approximately $60,000. D.A. Davidson & CO. increased its holdings in Constellation Brands by 11.2% during the 3rd quarter. D.A. Davidson & CO. now owns 57,087 shares of the company's stock worth $14,711,000 after purchasing an additional 5,747 shares during the period. Finally, Cadence Bank raised its position in Constellation Brands by 1.0% during the 3rd quarter. Cadence Bank now owns 36,388 shares of the company's stock valued at $9,377,000 after purchasing an additional 354 shares in the last quarter. 77.34% of the stock is owned by hedge funds and other institutional investors.

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Constellation Brands Trading Up 0.6 %

Shares of NYSE STZ traded up $1.06 during trading on Monday, hitting $184.80. 315,609 shares of the company were exchanged, compared to its average volume of 1,622,852. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. Constellation Brands, Inc. has a 12-month low of $160.46 and a 12-month high of $274.87. The company has a fifty day moving average price of $177.19 and a 200-day moving average price of $214.50. The firm has a market capitalization of $33.40 billion, a PE ratio of 49.65, a P/E/G ratio of 1.52 and a beta of 1.75.

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

Constellation Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a $1.01 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.04 annualized dividend and a yield of 2.19%. Constellation Brands's dividend payout ratio (DPR) is currently 108.60%.

Insider Transactions at Constellation Brands

In other Constellation Brands 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 $272,688.57. This trade represents a 215.98 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 12.19% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on STZ shares. Truist Financial lowered their price target on shares of Constellation Brands from $255.00 to $190.00 and set a "hold" rating on the stock in a report on Tuesday, January 14th. Argus lowered shares of Constellation Brands from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $201.00 price target (down from $310.00) on shares of Constellation Brands in a report on Monday, January 13th. Morgan Stanley downgraded Constellation Brands from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $220.00 to $202.00 in a research note on Thursday, February 27th. Finally, StockNews.com cut Constellation Brands from a "hold" rating to a "sell" rating in a research report on Friday, March 14th. One 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's stock. According to data from MarketBeat.com, Constellation Brands currently has an average rating of "Hold" and a consensus target price of $249.18.

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.