Constellation Brands, Inc. (NYSE:STZ) Shares Bought by FineMark National Bank & Trust

FineMark National Bank & Trust grew its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 0.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 55,499 shares of the company’s stock after purchasing an additional 199 shares during the period. FineMark National Bank & Trust’s holdings in Constellation Brands were worth $12,265,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Mainstream Capital Management LLC acquired a new position in Constellation Brands during the fourth quarter worth about $25,000. SBI Securities Co. Ltd. purchased a new stake in Constellation Brands during the 4th quarter worth about $26,000. Compagnie Lombard Odier SCmA purchased a new stake in Constellation Brands during the 4th quarter worth about $27,000. Union Bancaire Privee UBP SA purchased a new stake in shares of Constellation Brands during the fourth quarter worth about $28,000. Finally, Versant Capital Management Inc raised its position in shares of Constellation Brands by 887.5% in the fourth quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock valued at $35,000 after buying an additional 142 shares during the last quarter. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Evercore ISI lowered their target price on shares of Constellation Brands from $300.00 to $250.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. StockNews.com lowered Constellation Brands from a “hold” rating to a “sell” rating in a research note on Friday, March 14th. Roth Capital decreased their price target on Constellation Brands from $298.00 to $284.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. Royal Bank of Canada dropped their price objective on shares of Constellation Brands from $293.00 to $289.00 and set an “outperform” rating for the company in a research note on Friday, March 7th. Finally, Needham & Company LLC restated a “buy” rating and issued a $240.00 target price on shares of Constellation Brands in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Constellation Brands has an average rating of “Hold” and a consensus price target of $250.41.

Insider Activity

In related news, Director William T. Giles purchased 1,000 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The shares were purchased at an average cost of $186.39 per share, with a total value of $186,390.00. Following the completion of the acquisition, the director now directly owns 1,463 shares of the company’s stock, valued at approximately $272,688.57. The trade was a 215.98 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 12.19% of the company’s stock.

Constellation Brands Price Performance

STZ opened at $180.48 on Tuesday. Constellation Brands, Inc. has a twelve month low of $160.46 and a twelve month high of $274.87. The firm has a market cap of $32.62 billion, a price-to-earnings ratio of 48.52, a PEG ratio of 1.52 and a beta of 0.90. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. The company has a fifty day simple moving average of $177.22 and a 200 day simple moving average of $216.39.

Constellation Brands (NYSE:STZ) last announced its earnings results on Friday, January 10th. The company reported $3.25 earnings per share (EPS) 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 26.55% and a net margin of 6.27%. The firm’s revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.19 earnings per share. Equities research analysts expect that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date was Friday, February 7th. Constellation Brands’s payout ratio is 108.60%.

Constellation Brands 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.