Hoertkorn Richard Charles Has $580,000 Holdings in Constellation Brands, Inc. (NYSE:STZ)

Hoertkorn Richard Charles decreased its holdings in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 34.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,625 shares of the company's stock after selling 1,375 shares during the quarter. Hoertkorn Richard Charles' holdings in Constellation Brands were worth $580,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of STZ. Thrivent Financial for Lutherans boosted 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 purchasing an additional 845 shares during the period. Truvestments Capital LLC acquired a new position in shares of Constellation Brands during the third quarter worth about $60,000. Glenmede Trust Co. NA boosted its position in Constellation Brands by 16.5% during the 3rd quarter. Glenmede Trust Co. NA now owns 3,908 shares of the company's stock worth $1,007,000 after acquiring an additional 554 shares during the last quarter. CreativeOne Wealth LLC acquired a new position in shares of Constellation Brands during the 3rd quarter worth about $565,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Constellation Brands by 12.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 80,025 shares of the company's stock valued at $20,622,000 after buying an additional 9,154 shares in the last quarter. 77.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

STZ has been the topic of several research analyst reports. Barclays dropped their price objective on Constellation Brands from $205.00 to $203.00 and set an "overweight" rating on the stock in a research note on Thursday. Royal Bank of Canada cut their price target on Constellation Brands from $293.00 to $289.00 and set an "outperform" rating for the company in a report on Friday, March 7th. UBS Group decreased their price objective on shares of Constellation Brands from $265.00 to $223.00 and set a "buy" rating on the stock in a report on Friday, January 17th. TD Cowen dropped their price objective on shares of Constellation Brands from $270.00 to $260.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. Finally, Citigroup downgraded shares of Constellation Brands from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $260.00 to $200.00 in a report on Thursday, March 20th. One 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. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $249.18.

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Constellation Brands Price Performance

Constellation Brands stock traded down $0.23 during trading hours on Monday, reaching $183.51. 1,796,668 shares of the stock were exchanged, compared to its average volume of 2,815,365. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. Constellation Brands, Inc. has a twelve month low of $160.46 and a twelve month high of $274.87. The company has a market cap of $33.17 billion, a P/E ratio of 49.33, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. The stock has a 50 day moving average of $177.19 and a two-hundred day moving average of $214.50.

Constellation Brands (NYSE:STZ - Get Free Report) last posted 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). 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 analyst estimates of $2.53 billion. During the same quarter 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 expect that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $1.01 per share. 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 2.20%. Constellation Brands's dividend payout ratio (DPR) is currently 108.60%.

Insider Buying and Selling

In other Constellation Brands news, Director William T. Giles bought 1,000 shares of the stock in a transaction on Friday, January 17th. The stock was purchased at an average price of $186.39 per share, with a total value of $186,390.00. Following the completion of the purchase, the director now owns 1,463 shares in the company, valued at $272,688.57. The trade was a 215.98 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 12.19% of the stock is owned by corporate insiders.

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.