Nisa Investment Advisors LLC Trims Holdings in Constellation Brands, Inc. (NYSE:STZ)

Nisa Investment Advisors LLC reduced its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 1.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 59,841 shares of the company’s stock after selling 775 shares during the period. Nisa Investment Advisors LLC’s holdings in Constellation Brands were worth $13,225,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of STZ. State Street Corp lifted its stake in shares of Constellation Brands by 6.0% in the 3rd quarter. State Street Corp now owns 7,144,428 shares of the company’s stock worth $1,841,048,000 after acquiring an additional 402,211 shares during the period. Janus Henderson Group PLC increased its position in Constellation Brands by 1.2% during the 3rd quarter. Janus Henderson Group PLC now owns 1,853,081 shares of the company’s stock worth $477,515,000 after purchasing an additional 21,454 shares during the period. Legal & General Group Plc raised its stake in shares of Constellation Brands by 5.7% during the 2nd quarter. Legal & General Group Plc now owns 1,335,976 shares of the company’s stock worth $343,717,000 after buying an additional 72,637 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Constellation Brands by 23,184.7% in the 3rd quarter. International Assets Investment Management LLC now owns 499,689 shares of the company’s stock valued at $128,765,000 after buying an additional 497,543 shares during the period. Finally, National Pension Service grew its holdings in Constellation Brands by 13.6% during the third quarter. National Pension Service now owns 381,755 shares of the company’s stock worth $98,374,000 after acquiring an additional 45,707 shares during the period. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

STZ has been the topic of several research analyst reports. Truist Financial decreased their target price on shares of Constellation Brands from $255.00 to $190.00 and set a “hold” rating on the stock in a research report on Tuesday, January 14th. Morgan Stanley reduced their price target on shares of Constellation Brands from $280.00 to $220.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. StockNews.com cut Constellation Brands from a “hold” rating to a “sell” rating in a report on Friday, January 17th. BNP Paribas started coverage on Constellation Brands in a report on Monday, November 25th. They set a “neutral” rating and a $261.00 price objective for the company. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $201.00 target price (down from $310.00) on shares of Constellation Brands in a research report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $259.05.

Constellation Brands Trading Up 0.2 %

Shares of STZ stock opened at $179.36 on Friday. Constellation Brands, Inc. has a 1-year low of $176.51 and a 1-year high of $274.87. The firm’s 50-day simple moving average is $223.36 and its 200-day simple moving average is $237.32. The firm has a market cap of $32.42 billion, a P/E ratio of 48.21, a PEG ratio of 1.61 and a beta of 1.75. 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 announced its quarterly earnings results on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). The company had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.53 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter last year, the business earned $3.19 EPS. As a group, equities analysts forecast that Constellation Brands, Inc. will post 13.52 EPS for the current year.

Constellation Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend is Friday, February 7th. Constellation Brands’s dividend payout ratio is currently 108.60%.

Insider Transactions at Constellation Brands

In other Constellation Brands news, CEO William A. Newlands sold 7,426 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $237.24, for a total transaction of $1,761,744.24. Following the completion of the sale, the chief executive officer now directly owns 7,274 shares in the company, valued at $1,725,683.76. The trade was a 50.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William T. Giles acquired 1,000 shares of the company’s stock in a transaction dated Friday, January 17th. The stock was acquired at an average cost of $186.39 per share, with a total value of $186,390.00. Following the transaction, the director now directly owns 1,463 shares of the company’s stock, valued at approximately $272,688.57. This represents a 215.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders sold 69,172 shares of company stock worth $16,778,841. 12.19% of the stock is currently owned by company insiders.

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.