Vontobel Holding Ltd. Sells 2,718 Shares of Constellation Brands, Inc. (NYSE:STZ)

Vontobel Holding Ltd. lessened its holdings in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 31.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,888 shares of the company's stock after selling 2,718 shares during the period. Vontobel Holding Ltd.'s holdings in Constellation Brands were worth $1,301,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Union Bancaire Privee UBP SA purchased a new position in shares of Constellation Brands during the fourth quarter valued at approximately $28,000. Versant Capital Management Inc increased its position in Constellation Brands by 887.5% during the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company's stock valued at $35,000 after purchasing an additional 142 shares during the period. Eastern Bank purchased a new position in Constellation Brands during the 3rd quarter valued at $39,000. FSA Wealth Management LLC bought a new position in Constellation Brands in the 3rd quarter worth $42,000. Finally, Stonebridge Financial Group LLC purchased a new stake in shares of Constellation Brands in the 4th quarter worth about $55,000. Institutional investors own 77.34% of the company's stock.

Constellation Brands Stock Up 2.1 %

Shares of STZ traded up $3.67 on Friday, hitting $176.00. 3,974,076 shares of the stock traded hands, compared to its average volume of 2,930,950. Constellation Brands, Inc. has a one year low of $160.46 and a one year high of $274.87. The company has a market capitalization of $31.81 billion, a PE ratio of 47.31, a P/E/G ratio of 1.52 and a beta of 0.90. The business has a 50 day simple moving average of $194.29 and a 200 day simple moving average of $225.88. 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 (NYSE:STZ - Get Free Report) last posted its 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 business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.53 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The firm's revenue for the quarter was down .3% on a year-over-year basis. During the same period in the previous year, the business posted $3.19 EPS. As a group, equities analysts forecast that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend is Friday, February 7th. Constellation Brands's dividend payout ratio is currently 108.60%.

Insider Activity

In related news, Director William T. Giles acquired 1,000 shares of the firm's stock in a transaction dated Friday, January 17th. The stock was purchased at an average cost 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 approximately $272,688.57. This trade represents a 215.98 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 12.19% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on STZ. Jefferies Financial Group reiterated a "hold" rating and set a $201.00 price target (down previously from $310.00) on shares of Constellation Brands in a research report on Monday, January 13th. Evercore ISI reduced their target price on Constellation Brands from $300.00 to $250.00 and set an "outperform" rating on the stock in a report on Monday, January 13th. TD Cowen lowered their target price on Constellation Brands from $270.00 to $260.00 and set a "hold" rating for the company in a research note on Wednesday, January 8th. BNP Paribas began coverage on Constellation Brands in a research report on Monday, November 25th. They set a "neutral" rating and a $261.00 price target on the stock. Finally, Piper Sandler downgraded Constellation Brands from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $245.00 to $200.00 in a report on Monday, February 3rd. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $254.29.

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.