Moody National Bank Trust Division Trims Stake in Constellation Brands, Inc. (NYSE:STZ)

Moody National Bank Trust Division cut its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 5.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 6,927 shares of the company’s stock after selling 380 shares during the quarter. Moody National Bank Trust Division’s holdings in Constellation Brands were worth $1,531,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. State Street Corp boosted its position in shares of Constellation Brands by 6.0% during the third quarter. State Street Corp now owns 7,144,428 shares of the company’s stock valued at $1,841,048,000 after buying an additional 402,211 shares during the period. Janus Henderson Group PLC lifted its stake in shares of 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 acquiring an additional 21,454 shares during the last quarter. Legal & General Group Plc boosted its holdings in Constellation Brands by 5.7% during the 2nd quarter. Legal & General Group Plc now owns 1,335,976 shares of the company’s stock valued at $343,717,000 after acquiring an additional 72,637 shares during the period. Dimensional Fund Advisors LP grew its position in Constellation Brands by 31.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,002,332 shares of the company’s stock valued at $257,865,000 after acquiring an additional 241,982 shares during the last quarter. Finally, International Assets Investment Management LLC increased its stake in Constellation Brands by 23,184.7% in the third quarter. International Assets Investment Management LLC now owns 499,689 shares of the company’s stock worth $128,765,000 after purchasing an additional 497,543 shares during the period. 77.34% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Robert Sands sold 119,274 shares of the company’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $242.37, for a total value of $28,908,439.38. Following the sale, the director now directly owns 431,729 shares of the company’s stock, valued at $104,638,157.73. This represents a 21.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Wildstar Partners Llc sold 660 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold 188,446 shares of company stock valued at $45,687,281 over the last ninety days. 12.19% of the stock is currently owned by insiders.

Constellation Brands Stock Performance

Shares of STZ stock opened at $185.84 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 0.53 and a debt-to-equity ratio of 1.31. The company has a market cap of $33.74 billion, a PE ratio of 60.14, a PEG ratio of 1.69 and a beta of 1.75. Constellation Brands, Inc. has a 12-month low of $176.51 and a 12-month high of $274.87. The business’s fifty day simple moving average is $230.80 and its 200-day simple moving average is $240.79.

Constellation Brands (NYSE:STZ) last issued 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 business 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 25.34% and a net margin of 5.29%. Constellation Brands’s revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.19 EPS. Analysts expect that Constellation Brands, Inc. will post 13.57 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The business 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 dividend of $1.01 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.04 annualized dividend and a dividend yield of 2.17%. Constellation Brands’s payout ratio is currently 130.74%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on STZ. Roth Mkm reissued a “buy” rating and set a $298.00 target price on shares of Constellation Brands in a research note on Friday, October 4th. Piper Sandler reduced their target price on shares of Constellation Brands from $300.00 to $245.00 and set an “overweight” rating on the stock in a research report on Monday. Bank of America reiterated a “neutral” rating and issued a $255.00 price target (down previously from $300.00) on shares of Constellation Brands in a report on Monday, October 7th. Morgan Stanley reduced their price objective on Constellation Brands from $280.00 to $220.00 and set an “overweight” rating on the stock in a report on Monday. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $201.00 target price (down from $310.00) on shares of Constellation Brands in a report on Monday. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $268.05.

About Constellation Brands

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.