Amalgamated Bank Sells 767 Shares of Constellation Brands, Inc. (NYSE:STZ)

Amalgamated Bank trimmed its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,162 shares of the company’s stock after selling 767 shares during the period. Amalgamated Bank’s holdings in Constellation Brands were worth $6,666,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Compagnie Lombard Odier SCmA purchased a new stake in Constellation Brands during the 4th quarter valued at about $27,000. Union Bancaire Privee UBP SA bought a new stake in Constellation Brands in the fourth quarter valued at approximately $28,000. Versant Capital Management Inc boosted its stake in shares of Constellation Brands by 887.5% during the fourth quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock valued at $35,000 after purchasing an additional 142 shares during the period. Centricity Wealth Management LLC bought a new position in shares of Constellation Brands in the fourth quarter worth approximately $35,000. Finally, FSA Wealth Management LLC purchased a new position in shares of Constellation Brands in the third quarter worth $42,000. 77.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on STZ. TD Cowen dropped their price target on shares of Constellation Brands from $270.00 to $260.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Royal Bank of Canada reiterated an “outperform” rating and set a $293.00 target price on shares of Constellation Brands in a report on Monday, February 3rd. UBS Group cut their target price on Constellation Brands from $265.00 to $223.00 and set a “buy” rating on the stock in a research note 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 research report on Tuesday, January 14th. Finally, Evercore ISI cut their price objective on Constellation Brands from $300.00 to $250.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $254.29.

Constellation Brands Trading Up 0.1 %

Shares of NYSE STZ opened at $178.22 on Thursday. Constellation Brands, Inc. has a 1 year low of $160.46 and a 1 year high of $274.87. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. The firm has a 50-day moving average of $191.11 and a 200 day moving average of $224.51. The stock has a market cap of $32.21 billion, a P/E ratio of 47.91, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last released its 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 net margin of 6.27% and a return on equity of 26.55%. The business had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.53 billion. During the same quarter in the previous year, the business posted $3.19 earnings per share. Constellation Brands’s revenue for the quarter was down .3% on a year-over-year basis. As a group, sell-side analysts expect that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 2.27%. The ex-dividend date was Friday, February 7th. Constellation Brands’s dividend payout ratio (DPR) is 108.60%.

Insider Transactions at Constellation Brands

In related news, Director William T. Giles purchased 1,000 shares of the stock in a transaction dated Friday, January 17th. The stock was purchased at an average price of $186.39 per share, with a total value of $186,390.00. Following the transaction, the director now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 12.19% of the company’s stock.

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.