Constellation Brands, Inc. (NYSE:STZ) Shares Sold by Hutchens & Kramer Investment Management Group LLC

Hutchens & Kramer Investment Management Group LLC trimmed its holdings in Constellation Brands, Inc. (NYSE:STZ) by 11.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,330 shares of the company’s stock after selling 311 shares during the period. Hutchens & Kramer Investment Management Group LLC’s holdings in Constellation Brands were worth $515,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Union Bancaire Privee UBP SA acquired a new position in shares of Constellation Brands in the 4th quarter valued at approximately $28,000. Versant Capital Management Inc raised its position 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 valued at $35,000 after purchasing an additional 142 shares in the last quarter. Eastern Bank acquired a new position in shares of Constellation Brands in the 3rd quarter valued at approximately $39,000. FSA Wealth Management LLC acquired a new position in shares of Constellation Brands in the 3rd quarter valued at approximately $42,000. Finally, Truvestments Capital LLC acquired a new position in shares of Constellation Brands in the 3rd quarter valued at approximately $60,000. 77.34% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director William T. Giles acquired 1,000 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was acquired at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the completion of the acquisition, the director now directly owns 1,463 shares in the company, valued at $272,688.57. This represents a 215.98 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Wildstar Partners Llc sold 660 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $241.00, for a total value of $159,060.00. Following the sale, the insider now directly owns 1,736,884 shares of the company’s stock, valued at approximately $418,589,044. This represents a 0.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 61,746 shares of company stock worth $15,017,097 over the last 90 days. 12.19% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on STZ. Roth Capital cut their target price on Constellation Brands from $298.00 to $284.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. UBS Group lowered their price target on Constellation Brands from $265.00 to $223.00 and set a “buy” rating for the company in a report on Friday, January 17th. Truist Financial lowered their price target on Constellation Brands from $255.00 to $190.00 and set a “hold” rating for the company in a report on Tuesday, January 14th. Royal Bank of Canada reiterated an “outperform” rating and issued a $308.00 price target on shares of Constellation Brands in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $203.00 price target (down from $262.00) on shares of Constellation Brands in a report on Monday, January 13th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $257.14.

Constellation Brands Trading Up 2.6 %

NYSE:STZ opened at $187.84 on Tuesday. Constellation Brands, Inc. has a 1 year low of $176.51 and a 1 year high of $274.87. The stock has a market cap of $33.95 billion, a price-to-earnings ratio of 50.49, a PEG ratio of 1.58 and a beta of 0.91. The business has a fifty day moving average of $221.02 and a 200-day moving average of $236.20. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Friday, January 10th. The company reported $3.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.33 by ($0.08). Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.53 billion. During the same period in the previous year, the company posted $3.19 EPS. The company’s revenue for the quarter was down .3% compared to the same quarter last year. Equities analysts predict that Constellation Brands, Inc. will post 13.52 earnings per share 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 issued a $1.01 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.04 annualized dividend and a dividend yield of 2.15%. Constellation Brands’s dividend payout ratio (DPR) 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.