Constellation Brands, Inc. (NYSE:STZ) Shares Sold by SWS Partners

SWS Partners lowered its position in Constellation Brands, Inc. (NYSE:STZ - Free Report) by 40.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,414 shares of the company's stock after selling 4,328 shares during the period. SWS Partners' holdings in Constellation Brands were worth $1,417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in shares of Constellation Brands during the 4th quarter worth approximately $26,000. Compagnie Lombard Odier SCmA bought a new stake in shares of Constellation Brands during the fourth quarter worth $27,000. Union Bancaire Privee UBP SA purchased a new stake in shares of Constellation Brands during the fourth quarter valued at $28,000. Versant Capital Management Inc grew its holdings in shares of Constellation Brands by 887.5% in the fourth quarter. Versant Capital Management Inc now owns 158 shares of the company's stock worth $35,000 after purchasing an additional 142 shares during the last quarter. Finally, Centricity Wealth Management LLC purchased a new position in Constellation Brands in the 4th quarter worth about $35,000. Hedge funds and other institutional investors own 77.34% of the company's stock.

Constellation Brands Stock Up 0.9 %

NYSE:STZ traded up $1.52 during mid-day trading on Wednesday, hitting $174.08. 2,531,975 shares of the company's stock traded hands, compared to its average volume of 2,997,633. The company has a fifty day moving average of $186.93 and a 200 day moving average of $222.47. 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 company has a market capitalization of $31.46 billion, a P/E ratio of 46.79, 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 data 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). The company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.53 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The business's revenue was down .3% compared to the same quarter last year. During the same quarter last year, the company earned $3.19 EPS. On average, analysts forecast that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors 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 2.32%. Constellation Brands's dividend payout ratio (DPR) is 108.60%.

Insider Buying and Selling at Constellation Brands

In other news, Director William T. Giles bought 1,000 shares of the firm's stock in a transaction that occurred 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 acquisition, the director now directly owns 1,463 shares of the company's stock, valued at $272,688.57. This trade represents a 215.98 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 12.19% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on STZ shares. Morgan Stanley cut shares of Constellation Brands from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $220.00 to $202.00 in a research report on Thursday, February 27th. 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. 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 report on Monday, January 13th. Evercore ISI dropped their price target on Constellation Brands from $300.00 to $250.00 and set an "outperform" rating on the stock in a research report on Monday, January 13th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and issued a $203.00 price objective (down from $262.00) on shares of Constellation Brands in a report on Monday, January 13th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Constellation Brands has an average rating of "Hold" and a consensus target price of $253.43.

Constellation Brands 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.