Pine Valley Investments Ltd Liability Co Decreases Position in Constellation Brands, Inc. (NYSE:STZ)

Pine Valley Investments Ltd Liability Co decreased its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 11.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 11,297 shares of the company’s stock after selling 1,435 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in Constellation Brands were worth $2,497,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA purchased a new stake in Constellation Brands during the fourth quarter worth approximately $27,000. Union Bancaire Privee UBP SA acquired a new position in Constellation Brands during the fourth quarter worth approximately $28,000. Versant Capital Management Inc increased its position in Constellation Brands by 887.5% during 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. Centricity Wealth Management LLC acquired a new position in Constellation Brands during the fourth quarter worth approximately $35,000. Finally, FSA Wealth Management LLC acquired a new position in Constellation Brands during the third quarter worth approximately $42,000. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Constellation Brands Trading Down 0.4 %

Shares of STZ stock opened at $178.27 on Wednesday. The business’s fifty day moving average price is $192.11 and its 200 day moving average price is $224.84. Constellation Brands, Inc. has a 1-year low of $160.46 and a 1-year high of $274.87. The firm has a market capitalization of $32.22 billion, a PE ratio of 47.92, a P/E/G ratio of 1.52 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 posted its earnings results on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). The firm had revenue of $2.46 billion for 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 firm’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.19 earnings per share. As a group, sell-side analysts forecast that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $1.01 per share. 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 108.60%.

Insiders Place Their Bets

In other news, Director William T. Giles bought 1,000 shares of the firm’s stock in a transaction on Friday, January 17th. The shares were bought at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the completion of the transaction, the director now owns 1,463 shares in the company, valued at $272,688.57. This trade represents a 215.98 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 12.19% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have commented on STZ shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $203.00 price target (down previously from $262.00) on shares of Constellation Brands in a research report on Monday, January 13th. Barclays cut their price target on Constellation Brands from $282.00 to $214.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. TD Cowen cut their price target on Constellation Brands from $270.00 to $260.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Truist Financial dropped their target price on Constellation Brands from $255.00 to $190.00 and set a “hold” rating on the stock in a report on Tuesday, January 14th. Finally, Evercore ISI dropped their target price on Constellation Brands from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Ten investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $254.29.

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.