Teamwork Financial Advisors LLC Reduces Stock Position in Constellation Brands, Inc. (NYSE:STZ)

Teamwork Financial Advisors LLC decreased its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 31.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,339 shares of the company’s stock after selling 602 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in Constellation Brands were worth $296,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its holdings in shares of Constellation Brands by 887.5% during the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock worth $35,000 after acquiring an additional 142 shares during the period. Eastern Bank acquired a new position in Constellation Brands in the 3rd quarter valued at about $39,000. FSA Wealth Management LLC acquired a new position in Constellation Brands in the 3rd quarter valued at about $42,000. Truvestments Capital LLC purchased a new stake in shares of Constellation Brands in the 3rd quarter valued at approximately $60,000. Finally, Continuum Advisory LLC increased its holdings in shares of Constellation Brands by 68.0% during the 3rd quarter. Continuum Advisory LLC now owns 252 shares of the company’s stock worth $61,000 after buying an additional 102 shares during the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Insider Buying and Selling at Constellation Brands

In related news, CEO William A. Newlands sold 25,000 shares of Constellation Brands stock in a transaction 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 transaction, the chief executive officer now owns 7,274 shares in the company, valued at approximately $1,771,800.92. This trade represents a 77.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William T. Giles purchased 1,000 shares of the company’s stock in a transaction on Friday, January 17th. The shares were purchased at an average price of $186.39 per share, with a total value of $186,390.00. Following the completion of the purchase, the director now directly owns 1,463 shares of the company’s stock, valued at $272,688.57. The trade was a 215.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 69,172 shares of company stock worth $16,778,841. Corporate insiders own 12.19% of the company’s stock.

Constellation Brands Price Performance

Shares of STZ opened at $178.99 on Thursday. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. Constellation Brands, Inc. has a twelve month low of $176.51 and a twelve month high of $274.87. The firm has a market capitalization of $32.35 billion, a PE ratio of 48.12, a P/E/G ratio of 1.61 and a beta of 0.91. The stock’s 50 day moving average is $223.36 and its two-hundred day moving average is $237.32.

Constellation Brands (NYSE:STZ) last issued its earnings results on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing the consensus estimate of $3.33 by ($0.08). The company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.53 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The company’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.19 earnings per share. Research analysts anticipate that Constellation Brands, Inc. will post 13.52 earnings per share for the current 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 $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Friday, February 7th. Constellation Brands’s dividend payout ratio (DPR) is presently 108.60%.

Wall Street Analysts Forecast Growth

STZ has been the topic of a number of research analyst reports. Bank of America restated a “neutral” rating and issued a $255.00 target price (down previously from $300.00) on shares of Constellation Brands in a research report on Monday, October 7th. Needham & Company LLC reissued a “buy” rating and issued a $280.00 price target on shares of Constellation Brands in a research note on Friday, January 10th. UBS Group cut their price objective on Constellation Brands from $265.00 to $223.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Piper Sandler cut 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 note on Monday, January 13th. Finally, Morgan Stanley cut their price target on Constellation Brands from $280.00 to $220.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $259.05.

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.