Investment House LLC Sells 20,577 Shares of Constellation Brands, Inc. (NYSE:STZ)

Investment House LLC trimmed its stake in Constellation Brands, Inc. (NYSE:STZ - Free Report) by 81.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,588 shares of the company's stock after selling 20,577 shares during the period. Investment House LLC's holdings in Constellation Brands were worth $1,014,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Van ECK Associates Corp lifted its holdings in Constellation Brands by 1,844.7% during the fourth quarter. Van ECK Associates Corp now owns 924,274 shares of the company's stock valued at $204,265,000 after purchasing an additional 876,745 shares in the last quarter. Copperleaf Capital LLC bought a new position in Constellation Brands in the 4th quarter worth $343,000. Grimes & Company Inc. purchased a new stake in Constellation Brands in the 4th quarter worth $6,099,000. Empowered Funds LLC raised its holdings in Constellation Brands by 62.8% during the fourth quarter. Empowered Funds LLC now owns 16,575 shares of the company's stock valued at $3,663,000 after acquiring an additional 6,391 shares during the period. Finally, Southern Style Financial Inc. purchased a new position in shares of Constellation Brands in the fourth quarter valued at about $3,074,000. 77.34% of the stock is owned by institutional investors.

Insider Transactions at Constellation Brands

In other news, Director William T. Giles acquired 1,000 shares of the company's stock in a transaction that occurred on Friday, January 17th. The shares were bought 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 directly owns 1,463 shares in the company, 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 Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 12.19% of the company's stock.

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Analysts Set New Price Targets

Several analysts recently issued reports on STZ shares. Wells Fargo & Company decreased their target price on Constellation Brands from $295.00 to $275.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 7th. Jefferies Financial Group reaffirmed a "hold" rating and set a $201.00 target price (down from $310.00) on shares of Constellation Brands in a research note on Monday, January 13th. Morgan Stanley cut shares of Constellation Brands from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $220.00 to $202.00 in a research note on Thursday, February 27th. TD Cowen cut their price objective on Constellation Brands from $270.00 to $260.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. Finally, Roth Capital cut their price target on Constellation Brands from $298.00 to $284.00 and set a "buy" rating for the company in a report on Friday, January 17th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Constellation Brands currently has an average rating of "Hold" and a consensus price target of $250.41.

Constellation Brands Trading Up 1.7 %

Shares of STZ stock traded up $3.06 on Monday, reaching $180.48. 2,071,778 shares of the company's stock were exchanged, compared to its average volume of 1,572,977. The company's fifty day simple moving average is $177.32 and its 200 day simple moving average is $216.87. Constellation Brands, Inc. has a 52 week low of $160.46 and a 52 week high of $274.87. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $32.62 billion, a PE ratio of 48.52, a P/E/G ratio of 1.52 and a beta of 0.90.

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

Constellation Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $1.01 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a yield of 2.24%. 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.