Segall Bryant & Hamill LLC Decreases Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

Segall Bryant & Hamill LLC lessened its holdings in Constellation Brands, Inc. (NYSE:STZ) by 27.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,572 shares of the company’s stock after selling 14,449 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Constellation Brands were worth $8,303,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Haverford Trust Co raised its position in shares of Constellation Brands by 12.7% during the 4th quarter. Haverford Trust Co now owns 3,491 shares of the company’s stock worth $772,000 after acquiring an additional 394 shares in the last quarter. Congress Wealth Management LLC DE raised its holdings in Constellation Brands by 6.7% during the fourth quarter. Congress Wealth Management LLC DE now owns 3,471 shares of the company’s stock worth $767,000 after purchasing an additional 217 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Constellation Brands by 13.3% during the 4th quarter. Vanguard Group Inc. now owns 15,534,787 shares of the company’s stock worth $3,433,188,000 after buying an additional 1,821,969 shares during the last quarter. Fox Run Management L.L.C. boosted its holdings in shares of Constellation Brands by 126.7% in the 4th quarter. Fox Run Management L.L.C. now owns 5,914 shares of the company’s stock valued at $1,307,000 after buying an additional 3,305 shares in the last quarter. Finally, Sei Investments Co. grew its position in shares of Constellation Brands by 0.8% in the 4th quarter. Sei Investments Co. now owns 217,539 shares of the company’s stock valued at $48,080,000 after buying an additional 1,672 shares during the last quarter. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director William T. Giles acquired 1,000 shares of Constellation Brands stock in a transaction that occurred on Friday, January 17th. The stock was 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 owns 1,463 shares in the company, valued at $272,688.57. This trade represents a 215.98 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 12.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Argus downgraded shares of Constellation Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Piper Sandler cut Constellation Brands from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $245.00 to $200.00 in a research report on Monday, February 3rd. Roth Capital cut their price target 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. Wells Fargo & Company decreased their price objective on Constellation Brands from $295.00 to $275.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Finally, Evercore ISI cut their target price on shares of Constellation Brands from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $250.41.

Constellation Brands Stock Up 3.2 %

STZ opened at $184.05 on Thursday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. Constellation Brands, Inc. has a 12 month low of $160.46 and a 12 month high of $274.87. The stock has a market capitalization of $33.26 billion, a P/E ratio of 49.48, a P/E/G ratio of 1.52 and a beta of 0.90. The business has a 50 day simple moving average of $177.20 and a 200-day simple moving average of $215.67.

Constellation Brands (NYSE:STZ) last issued its earnings results on Friday, January 10th. The company reported $3.25 EPS 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 analysts’ expectations of $2.53 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. Constellation Brands’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.19 earnings per share. On average, equities analysts anticipate that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

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. The ex-dividend date was Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a yield of 2.20%. Constellation Brands’s dividend payout ratio (DPR) is presently 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.