CIBC Private Wealth Group LLC Trims Holdings in Constellation Brands, Inc. (NYSE:STZ)

CIBC Private Wealth Group LLC reduced its holdings in Constellation Brands, Inc. (NYSE:STZ - Free Report) by 15.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,150 shares of the company's stock after selling 2,214 shares during the quarter. CIBC Private Wealth Group LLC's holdings in Constellation Brands were worth $2,664,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Mainstream Capital Management LLC acquired a new stake in Constellation Brands in the fourth quarter valued at $25,000. SBI Securities Co. Ltd. purchased a new position in shares of Constellation Brands in the 4th quarter valued at about $26,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Constellation Brands in the fourth quarter valued at about $27,000. Union Bancaire Privee UBP SA purchased a new stake in Constellation Brands during the fourth quarter worth about $28,000. Finally, Versant Capital Management Inc grew 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 buying an additional 142 shares during the period. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Constellation Brands

In other news, Director William T. Giles purchased 1,000 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was acquired at an average cost of $186.39 per share, with a total value of $186,390.00. Following the acquisition, the director now owns 1,463 shares in the company, valued at approximately $272,688.57. This trade represents a 215.98 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 12.19% of the company's stock.

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Analysts Set New Price Targets

STZ has been the topic of a number of research reports. UBS Group lowered their price target on Constellation Brands from $265.00 to $223.00 and set a "buy" rating on the stock in a report on Friday, January 17th. Roth Mkm dropped their price target on Constellation Brands from $284.00 to $256.00 and set a "buy" rating for the company in a research report on Thursday. Roth Capital decreased their price objective on shares of Constellation Brands from $298.00 to $284.00 and set a "buy" rating on the stock in a research report on Friday, January 17th. Royal Bank of Canada dropped their target price on shares of Constellation Brands from $293.00 to $289.00 and set an "outperform" rating for the company in a report on Friday, March 7th. Finally, Evercore ISI reduced their price target on shares of Constellation Brands from $300.00 to $250.00 and set an "outperform" rating on the stock in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Constellation Brands currently has an average rating of "Hold" and a consensus target price of $244.32.

Constellation Brands Trading Down 4.2 %

STZ traded down $7.70 on Friday, reaching $173.79. 3,176,710 shares of the company's stock were exchanged, compared to its average volume of 1,647,030. Constellation Brands, Inc. has a twelve month low of $160.46 and a twelve month high of $274.87. The company's 50 day moving average is $177.14 and its 200-day moving average is $212.55. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. The company has a market cap of $31.41 billion, a price-to-earnings ratio of 46.72, a PEG ratio of 1.52 and a beta of 1.75.

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

Constellation Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a $1.01 dividend. 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 2.32%. Constellation Brands's dividend payout ratio (DPR) 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.