Whittier Trust Co. Trims Holdings in Constellation Brands, Inc. (NYSE:STZ)

Whittier Trust Co. decreased its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 0.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 47,700 shares of the company’s stock after selling 220 shares during the period. Whittier Trust Co.’s holdings in Constellation Brands were worth $10,542,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. iA Global Asset Management Inc. grew its stake in Constellation Brands by 331.4% during the fourth quarter. iA Global Asset Management Inc. now owns 10,401 shares of the company’s stock valued at $2,299,000 after acquiring an additional 7,990 shares in the last quarter. Magnetar Financial LLC bought a new position in Constellation Brands in the 4th quarter valued at $1,018,000. Teacher Retirement System of Texas grew its position in shares of Constellation Brands by 777.6% during the 4th quarter. Teacher Retirement System of Texas now owns 9,636 shares of the company’s stock valued at $2,130,000 after purchasing an additional 8,538 shares in the last quarter. Royal London Asset Management Ltd. increased its holdings in shares of Constellation Brands by 2.7% in the fourth quarter. Royal London Asset Management Ltd. now owns 70,954 shares of the company’s stock worth $15,681,000 after purchasing an additional 1,854 shares during the period. Finally, Saiph Capital LLC raised its position in shares of Constellation Brands by 21.6% in the fourth quarter. Saiph Capital LLC now owns 1,915 shares of the company’s stock worth $423,000 after buying an additional 340 shares in the last quarter. Institutional investors own 77.34% of the company’s stock.

Insider Transactions at Constellation Brands

In other Constellation Brands news, Director William T. Giles acquired 1,000 shares of the company’s stock in a transaction dated Friday, January 17th. The stock was bought 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 approximately $272,688.57. The trade was a 215.98 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 12.19% of the company’s stock.

Constellation Brands Stock Down 0.0 %

STZ stock opened at $178.96 on Friday. The company has a market cap of $32.34 billion, a price-to-earnings ratio of 48.11, a price-to-earnings-growth 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 company has a fifty day moving average price of $177.40 and a 200 day moving average price of $217.72. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46.

Constellation Brands (NYSE:STZ) last released 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 business had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.53 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The company’s revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.19 EPS. Sell-side analysts expect that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend was Friday, February 7th. Constellation Brands’s dividend payout ratio is currently 108.60%.

Wall Street Analysts Forecast Growth

STZ has been the subject of several recent analyst reports. Argus cut Constellation Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. 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 research report on Monday, January 13th. Royal Bank of Canada lowered their price target on Constellation Brands from $293.00 to $289.00 and set an “outperform” rating on the stock in a research report on Friday, March 7th. Wells Fargo & Company decreased their target price on shares of Constellation Brands from $295.00 to $275.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Finally, Piper Sandler lowered Constellation Brands from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $245.00 to $200.00 in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Constellation Brands currently has an average rating of “Hold” and a consensus price target of $250.41.

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.