Moors & Cabot Inc. Decreases Stake in Constellation Brands, Inc. (NYSE:STZ)

Moors & Cabot Inc. reduced its stake in Constellation Brands, Inc. (NYSE:STZ - Free Report) by 41.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,782 shares of the company's stock after selling 13,359 shares during the period. Moors & Cabot Inc.'s holdings in Constellation Brands were worth $4,151,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Metis Global Partners LLC increased its stake in Constellation Brands by 0.8% in the 3rd quarter. Metis Global Partners LLC now owns 5,570 shares of the company's stock worth $1,435,000 after purchasing an additional 46 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Constellation Brands by 1.3% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,205 shares of the company's stock valued at $1,084,000 after buying an additional 52 shares during the period. KCM Investment Advisors LLC increased its stake in shares of Constellation Brands by 1.7% during the third quarter. KCM Investment Advisors LLC now owns 3,382 shares of the company's stock valued at $872,000 after buying an additional 56 shares during the period. Allworth Financial LP increased its stake in shares of Constellation Brands by 0.8% during the fourth quarter. Allworth Financial LP now owns 7,357 shares of the company's stock valued at $1,626,000 after buying an additional 59 shares during the period. Finally, BSW Wealth Partners increased its stake in shares of Constellation Brands by 4.2% during the fourth quarter. BSW Wealth Partners now owns 1,563 shares of the company's stock valued at $345,000 after buying an additional 63 shares during the period. 77.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

STZ has been the topic of several research analyst reports. Piper Sandler cut Constellation Brands from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $245.00 to $200.00 in a research note on Monday, February 3rd. Jefferies Financial Group restated a "hold" rating and set a $201.00 price target (down from $310.00) on shares of Constellation Brands in a research report on Monday, January 13th. UBS Group dropped their price target on Constellation Brands from $265.00 to $223.00 and set a "buy" rating on the stock in a research report on Friday, January 17th. JPMorgan Chase & Co. restated a "neutral" rating and set a $203.00 price target (down from $262.00) on shares of Constellation Brands in a research report on Monday, January 13th. Finally, StockNews.com upgraded Constellation Brands from a "sell" rating to a "hold" rating in a research report on Thursday, March 6th. Eleven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, Constellation Brands has an average rating of "Moderate Buy" and a consensus price target of $253.24.

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Constellation Brands Stock Down 2.1 %

STZ stock opened at $185.57 on Wednesday. Constellation Brands, Inc. has a 1-year low of $160.46 and a 1-year high of $274.87. The business has a fifty day moving average price of $182.96 and a 200-day moving average price of $220.33. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. The stock has a market capitalization of $33.54 billion, a P/E ratio of 49.88, a P/E/G ratio of 1.52 and a beta of 1.75.

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 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 business had revenue of $2.46 billion during the quarter, compared to analysts' expectations of $2.53 billion. During the same quarter in the prior year, the firm earned $3.19 EPS. The firm's revenue for the quarter was down .3% compared to the same quarter last year. Equities analysts forecast that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date was Friday, February 7th. Constellation Brands's dividend payout ratio (DPR) is presently 108.60%.

Insider Activity at Constellation Brands

In other news, Director William T. Giles acquired 1,000 shares of Constellation Brands stock in a transaction that occurred on Friday, January 17th. The stock was bought at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.19% of the stock is owned by company insiders.

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.

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