Constellation Brands, Inc. (NYSE:STZ) Shares Purchased by Kennedy Investment Group

Kennedy Investment Group grew its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 2.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,212 shares of the company’s stock after purchasing an additional 119 shares during the period. Kennedy Investment Group’s holdings in Constellation Brands were worth $1,152,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Union Bancaire Privee UBP SA bought a new stake in Constellation Brands during the fourth quarter valued at $28,000. Versant Capital Management Inc grew its stake in shares of Constellation Brands by 887.5% in the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock worth $35,000 after purchasing an additional 142 shares during the last quarter. Eastern Bank acquired a new stake in shares of Constellation Brands during the 3rd quarter valued at $39,000. FSA Wealth Management LLC acquired a new stake in shares of Constellation Brands during the 3rd quarter valued at $42,000. Finally, Truvestments Capital LLC acquired a new stake in shares of Constellation Brands during the 3rd quarter valued at $60,000. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Insiders Place Their Bets

In related news, Director William T. Giles acquired 1,000 shares of the stock in a transaction on Friday, January 17th. The shares were acquired at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the transaction, the director now owns 1,463 shares in the company, valued at approximately $272,688.57. This trade represents a 215.98 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Wildstar Partners Llc sold 660 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total value of $159,060.00. Following the transaction, the insider now directly owns 1,736,884 shares of the company’s stock, valued at approximately $418,589,044. The trade was a 0.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 61,746 shares of company stock valued at $15,017,097 over the last three months. 12.19% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

STZ has been the topic of a number of research reports. Morgan Stanley dropped their price target on shares of Constellation Brands from $280.00 to $220.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Argus cut shares of Constellation Brands from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. TD Cowen reduced their target price on shares of Constellation Brands from $270.00 to $260.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. JPMorgan Chase & Co. restated a “neutral” rating and set a $203.00 price target (down previously from $262.00) on shares of Constellation Brands in a research note on Monday, January 13th. Finally, Jefferies Financial Group restated a “hold” rating and set a $201.00 price target (down previously from $310.00) on shares of Constellation Brands 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 issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $257.14.

Constellation Brands Stock Down 2.5 %

NYSE:STZ opened at $183.16 on Wednesday. The firm’s 50-day moving average price is $220.02 and its 200-day moving average price is $235.70. The company has a market capitalization of $33.10 billion, a PE ratio of 49.24, a P/E/G ratio of 1.58 and a beta of 0.91. 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, Inc. has a 1-year low of $176.51 and a 1-year high of $274.87.

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 company had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.53 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The business’s revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the business earned $3.19 EPS. On average, equities analysts predict that Constellation Brands, Inc. will post 13.52 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The company also recently disclosed 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 2.21%. The ex-dividend date of this dividend is Friday, February 7th. Constellation Brands’s payout ratio is 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.