Lowe Brockenbrough & Co. Inc. Sells 77 Shares of Constellation Brands, Inc. (NYSE:STZ)

Lowe Brockenbrough & Co. Inc. lessened its holdings in Constellation Brands, Inc. (NYSE:STZ) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,188 shares of the company’s stock after selling 77 shares during the quarter. Lowe Brockenbrough & Co. Inc.’s holdings in Constellation Brands were worth $926,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Mainstream Capital Management LLC bought a new stake in shares of Constellation Brands in the 4th quarter valued at about $25,000. SBI Securities Co. Ltd. purchased a new position in Constellation Brands in the 4th quarter worth approximately $26,000. Compagnie Lombard Odier SCmA bought a new stake in Constellation Brands in the fourth quarter valued at approximately $27,000. Union Bancaire Privee UBP SA purchased a new stake in shares of Constellation Brands during the fourth quarter valued at approximately $28,000. Finally, Versant Capital Management Inc increased its stake 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 buying an additional 142 shares during the period. 77.34% of the stock is owned by institutional investors.

Insider Activity at Constellation Brands

In other Constellation Brands news, Director William T. Giles purchased 1,000 shares of the firm’s stock in a transaction dated Friday, January 17th. The stock was purchased at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the completion of the purchase, 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 ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 12.19% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on STZ shares. StockNews.com lowered shares of Constellation Brands from a “hold” rating to a “sell” rating in a report on Friday, March 14th. Evercore ISI dropped their target price on shares of Constellation Brands from $300.00 to $250.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Roth Capital reduced their price target on Constellation Brands from $298.00 to $284.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Morgan Stanley cut Constellation Brands from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $220.00 to $202.00 in a report on Thursday, February 27th. Finally, Citigroup lowered Constellation Brands from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $260.00 to $200.00 in a research report on Thursday. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Constellation Brands has an average rating of “Hold” and a consensus target price of $250.41.

Constellation Brands Trading Down 0.6 %

Constellation Brands stock opened at $177.73 on Friday. Constellation Brands, Inc. has a 12 month low of $160.46 and a 12 month high of $274.87. The company has a market capitalization of $32.12 billion, a price-to-earnings ratio of 47.78, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. The business’s fifty day simple moving average is $177.32 and its two-hundred day simple moving average is $217.28. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Friday, January 10th. The company reported $3.25 earnings per share (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 return on equity of 26.55% and a net margin of 6.27%. The business’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.19 EPS. As a group, equities analysts predict that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a $1.01 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a yield of 2.27%. Constellation Brands’s payout ratio is currently 108.60%.

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.