HUB Investment Partners LLC Lowers Holdings in Constellation Brands, Inc. (NYSE:STZ)

HUB Investment Partners LLC lowered its holdings in Constellation Brands, Inc. (NYSE:STZ) by 11.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,870 shares of the company’s stock after selling 4,290 shares during the quarter. HUB Investment Partners LLC’s holdings in Constellation Brands were worth $7,043,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Empowered Funds LLC grew its holdings in Constellation Brands by 318.8% during the third quarter. Empowered Funds LLC now owns 10,184 shares of the company’s stock valued at $2,624,000 after purchasing an additional 7,752 shares during the period. Thrivent Financial for Lutherans boosted its stake in Constellation Brands by 13.0% during the third quarter. Thrivent Financial for Lutherans now owns 7,341 shares of the company’s stock valued at $1,892,000 after buying an additional 845 shares during the last quarter. Pathstone Holdings LLC raised its position in Constellation Brands by 7.2% during the third quarter. Pathstone Holdings LLC now owns 24,933 shares of the company’s stock valued at $6,425,000 after purchasing an additional 1,681 shares during the period. Prospera Financial Services Inc raised its position in Constellation Brands by 42.5% during the third quarter. Prospera Financial Services Inc now owns 3,919 shares of the company’s stock valued at $1,010,000 after purchasing an additional 1,168 shares during the period. Finally, Banque Cantonale Vaudoise raised its position in Constellation Brands by 274.2% during the third quarter. Banque Cantonale Vaudoise now owns 18,259 shares of the company’s stock valued at $4,705,000 after purchasing an additional 13,379 shares during the period. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Constellation Brands Trading Down 0.2 %

Shares of STZ stock opened at $178.99 on Thursday. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $32.35 billion, a P/E ratio of 48.11, a P/E/G ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a 12-month low of $160.46 and a 12-month high of $274.87. The firm has a 50-day moving average price of $178.20 and a 200 day moving average price of $217.99.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Friday, January 10th. The company reported $3.25 EPS 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 for the quarter, compared to analyst estimates of $2.53 billion. During the same quarter in the prior year, the firm earned $3.19 EPS. The firm’s quarterly revenue was down .3% compared to the same quarter last year. Research 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 announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a dividend of $1.01 per share. The ex-dividend date was Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a yield of 2.26%. Constellation Brands’s payout ratio is 108.60%.

Insider Buying and Selling

In other news, Director William T. Giles acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The stock was acquired at an average price of $186.39 per share, with a total value of $186,390.00. Following the completion of the transaction, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 12.19% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group reiterated a “hold” rating and issued a $201.00 price target (down from $310.00) on shares of Constellation Brands in a report on Monday, January 13th. TD Cowen reduced 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. Morgan Stanley lowered Constellation Brands from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $220.00 to $202.00 in a research note on Thursday, February 27th. Wells Fargo & Company cut their price target on Constellation Brands from $295.00 to $275.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Finally, StockNews.com cut Constellation Brands from a “hold” rating to a “sell” rating in a report on Friday, March 14th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $252.81.

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.