Oak Ridge Investments LLC Sells 2,336 Shares of Constellation Brands, Inc. (NYSE:STZ)

Oak Ridge Investments LLC lessened its holdings in Constellation Brands, Inc. (NYSE:STZ - Free Report) by 9.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,027 shares of the company's stock after selling 2,336 shares during the period. Oak Ridge Investments LLC's holdings in Constellation Brands were worth $5,089,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in STZ. Smith Salley Wealth Management lifted its position in Constellation Brands by 1.8% during the fourth quarter. Smith Salley Wealth Management now owns 71,277 shares of the company's stock worth $15,752,000 after acquiring an additional 1,270 shares during the last quarter. Ameritas Advisory Services LLC increased its stake in shares of Constellation Brands by 2.3% during the fourth quarter. Ameritas Advisory Services LLC now owns 5,928 shares of the company's stock worth $1,310,000 after purchasing an additional 134 shares during the period. HB Wealth Management LLC increased its stake in shares of Constellation Brands by 24.3% during the fourth quarter. HB Wealth Management LLC now owns 5,262 shares of the company's stock worth $1,163,000 after purchasing an additional 1,028 shares during the period. Premier Path Wealth Partners LLC lifted its holdings in Constellation Brands by 9.4% during the 4th quarter. Premier Path Wealth Partners LLC now owns 5,642 shares of the company's stock worth $1,247,000 after purchasing an additional 485 shares during the last quarter. Finally, Sanibel Captiva Trust Company Inc. boosted its stake in Constellation Brands by 7.5% in the 4th quarter. Sanibel Captiva Trust Company Inc. now owns 16,356 shares of the company's stock valued at $3,615,000 after purchasing an additional 1,147 shares during the period. Institutional investors and hedge funds own 77.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on STZ shares. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $203.00 target price (down previously from $262.00) on shares of Constellation Brands in a research report on Monday, January 13th. Barclays cut their price objective on shares of Constellation Brands from $282.00 to $214.00 and set an "overweight" rating for the company in a report on Tuesday, January 14th. Bank of America reaffirmed a "neutral" rating and set a $255.00 target price (down from $300.00) on shares of Constellation Brands in a report on Monday, October 7th. Argus cut Constellation Brands from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Finally, Jefferies Financial Group restated a "hold" rating and set a $201.00 price objective (down previously from $310.00) on shares of Constellation Brands in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $259.05.

Constellation Brands Price Performance

NYSE:STZ traded down $0.52 on Friday, hitting $184.05. The company had a trading volume of 2,839,837 shares, compared to its average volume of 1,501,511. Constellation Brands, Inc. has a 52 week low of $176.51 and a 52 week high of $274.87. The company has a current ratio of 1.25, a quick ratio of 0.53 and a debt-to-equity ratio of 1.31. The stock has a market capitalization of $33.26 billion, a price-to-earnings ratio of 49.48, a PEG ratio of 1.28 and a beta of 1.75. The firm has a 50 day moving average of $226.75 and a two-hundred day moving average of $238.82.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its quarterly 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). The firm had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.53 billion. Constellation Brands had a net margin of 5.29% and a return on equity of 25.34%. The firm's revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.19 earnings per share. On average, research analysts anticipate that Constellation Brands, Inc. will post 13.72 earnings per share for the current year.

Constellation Brands Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Friday, February 7th. Constellation Brands's payout ratio is 108.60%.

Insider Transactions at Constellation Brands

In related news, CEO William A. Newlands sold 25,000 shares of the business's stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $243.58, for a total value of $6,089,500.00. Following the sale, the chief executive officer now owns 7,274 shares of the company's stock, valued at $1,771,800.92. The trade was a 77.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Wildstar Partners Llc sold 660 shares of the firm's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total value of $159,060.00. Following the transaction, the insider now directly owns 1,736,884 shares of the company's stock, valued at approximately $418,589,044. This represents a 0.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 69,172 shares of company stock worth $16,778,841. 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.