Copperleaf Capital LLC Invests $343,000 in Constellation Brands, Inc. (NYSE:STZ)

Copperleaf Capital LLC acquired a new stake in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,554 shares of the company's stock, valued at approximately $343,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oakworth Capital Inc. boosted its position in shares of Constellation Brands by 4.4% during the third quarter. Oakworth Capital Inc. now owns 989 shares of the company's stock valued at $255,000 after buying an additional 42 shares during the period. PFG Investments LLC boosted its holdings in shares of Constellation Brands by 3.8% in the third quarter. PFG Investments LLC now owns 1,150 shares of the company's stock valued at $296,000 after purchasing an additional 42 shares during the period. Metis Global Partners LLC boosted its holdings in shares of Constellation Brands by 0.8% in the third quarter. Metis Global Partners LLC now owns 5,570 shares of the company's stock valued at $1,435,000 after purchasing an additional 46 shares during the period. Rosenberg Matthew Hamilton boosted its holdings in shares of Constellation Brands by 6.2% in the third quarter. Rosenberg Matthew Hamilton now owns 858 shares of the company's stock valued at $221,000 after purchasing an additional 50 shares during the period. Finally, Strategic Investment Solutions Inc. IL boosted its holdings in shares of Constellation Brands by 4.6% in the third quarter. Strategic Investment Solutions Inc. IL now owns 1,158 shares of the company's stock valued at $298,000 after purchasing an additional 51 shares during the period. Institutional investors own 77.34% of the company's stock.

Analyst Ratings Changes

STZ has been the subject of a number of research reports. Barclays lowered their price target on Constellation Brands from $282.00 to $214.00 and set an "overweight" rating for the company in a report on Tuesday, January 14th. Argus lowered Constellation Brands from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Royal Bank of Canada restated an "outperform" rating and set a $293.00 target price on shares of Constellation Brands in a report on Monday, February 3rd. Evercore ISI lowered 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. Finally, Wells Fargo & Company lowered their target price on Constellation Brands from $295.00 to $275.00 and set an "overweight" rating for the company in a report on Tuesday, January 7th. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $254.29.

Constellation Brands Stock Performance

Shares of NYSE STZ traded down $0.17 during mid-day trading on Thursday, hitting $172.25. The stock had a trading volume of 4,443,238 shares, compared to its average volume of 2,899,282. The company has a 50 day moving average of $196.90 and a two-hundred day moving average of $226.68. 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 twelve month low of $160.46 and a twelve month high of $274.87. The firm has a market cap of $31.13 billion, a PE ratio of 46.30, a PEG ratio of 1.49 and a beta of 0.90.

Constellation Brands (NYSE:STZ - Get Free Report) last posted its 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). Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The firm had revenue of $2.46 billion for the quarter, compared to analysts' expectations of $2.53 billion. During the same period in the previous year, the company earned $3.19 earnings per share. The company's revenue was down .3% compared to the same quarter last year. Research analysts predict that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

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 paid a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Friday, February 7th. Constellation Brands's payout ratio is currently 108.60%.

Insider Transactions at Constellation Brands

In related news, Director William T. Giles purchased 1,000 shares of the firm's stock in a transaction that occurred on Friday, January 17th. The shares were purchased at an average cost of $186.39 per share, with a total value of $186,390.00. Following the purchase, the director now owns 1,463 shares of the company's stock, valued at $272,688.57. This represents a 215.98 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 12.19% of the company's stock.

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.