Constellation Brands, Inc. (NYSE:STZ) Stock Holdings Lessened by LVW Advisors LLC

LVW Advisors LLC decreased its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 6.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,025 shares of the company’s stock after selling 129 shares during the period. LVW Advisors LLC’s holdings in Constellation Brands were worth $448,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. City Holding Co. lifted its stake in shares of Constellation Brands by 5.6% in the 4th quarter. City Holding Co. now owns 13,628 shares of the company’s stock valued at $3,012,000 after purchasing an additional 718 shares during the last quarter. Smith Salley Wealth Management boosted its stake in Constellation Brands by 1.8% during the 4th quarter. Smith Salley Wealth Management now owns 71,277 shares of the company’s stock valued at $15,752,000 after purchasing an additional 1,270 shares during the period. Ameritas Advisory Services LLC grew its stake in shares of Constellation Brands by 2.3% in the fourth quarter. Ameritas Advisory Services LLC now owns 5,928 shares of the company’s stock worth $1,310,000 after acquiring an additional 134 shares during the last quarter. HB Wealth Management LLC grew its position in Constellation Brands by 24.3% in the 4th quarter. HB Wealth Management LLC now owns 5,262 shares of the company’s stock worth $1,163,000 after purchasing an additional 1,028 shares during the last quarter. Finally, Premier Path Wealth Partners LLC grew its position in Constellation Brands by 9.4% during the fourth quarter. Premier Path Wealth Partners LLC now owns 5,642 shares of the company’s stock worth $1,247,000 after buying an additional 485 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Constellation Brands

In other Constellation Brands news, major shareholder Wildstar Partners Llc sold 660 shares of Constellation Brands stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $241.00, for a total value of $159,060.00. Following the completion of the sale, the insider now owns 1,736,884 shares in the company, valued at $418,589,044. The trade was a 0.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William A. Newlands sold 25,000 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $243.58, for a total value of $6,089,500.00. Following the sale, the chief executive officer now directly owns 7,274 shares in the company, valued at $1,771,800.92. This represents a 77.46 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 69,172 shares of company stock worth $16,778,841. 12.19% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on STZ shares. Roth Mkm reiterated a “buy” rating and set a $298.00 price target on shares of Constellation Brands in a research note on Friday, October 4th. Roth Capital decreased their price target on Constellation Brands from $298.00 to $284.00 and set a “buy” rating on the stock in a research report on Friday. Barclays lowered their price objective on shares of Constellation Brands from $282.00 to $214.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Argus downgraded Constellation Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, Evercore ISI dropped their price target on shares of Constellation Brands from $300.00 to $250.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $259.05.

Constellation Brands Trading Down 0.3 %

Constellation Brands stock opened at $184.05 on Tuesday. Constellation Brands, Inc. has a one year low of $176.51 and a one year high of $274.87. The company has a market cap of $33.42 billion, a price-to-earnings ratio of 49.48, a P/E/G ratio of 1.28 and a beta of 0.91. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.25 and a quick ratio of 0.53. The firm has a 50-day moving average of $226.75 and a 200-day moving average of $238.74.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings results 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). Constellation Brands had a return on equity of 25.34% and a net margin of 5.29%. The firm had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same period last year, the company posted $3.19 earnings per share. The business’s revenue was down .3% compared to the same quarter last year. On average, equities analysts expect that Constellation Brands, Inc. will post 13.72 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 2.20%. The ex-dividend date is Friday, February 7th. Constellation Brands’s dividend payout ratio is 108.60%.

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.