Level Four Advisory Services LLC Increases Stake in Constellation Brands, Inc. (NYSE:STZ)

Level Four Advisory Services LLC raised its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 6.5% in the 4th quarter, Holdings Channel reports. The firm owned 12,371 shares of the company’s stock after purchasing an additional 753 shares during the quarter. Level Four Advisory Services LLC’s holdings in Constellation Brands were worth $2,734,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Mainstream Capital Management LLC acquired a new position in shares of Constellation Brands during the fourth quarter worth $25,000. SBI Securities Co. Ltd. acquired a new stake in Constellation Brands in the fourth quarter valued at approximately $26,000. Compagnie Lombard Odier SCmA acquired a new position in shares of Constellation Brands during the 4th quarter worth about $27,000. Union Bancaire Privee UBP SA acquired a new position in Constellation Brands in the 4th quarter valued at $28,000. Finally, Versant Capital Management Inc lifted its stake 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 worth $35,000 after buying an additional 142 shares in the last quarter. 77.34% of the stock is owned by institutional investors.

Constellation Brands Trading Down 0.3 %

Constellation Brands stock opened at $183.69 on Friday. Constellation Brands, Inc. has a 52 week low of $160.46 and a 52 week high of $274.87. The business’s 50-day simple moving average is $177.19 and its 200-day simple moving average is $214.99. The firm has a market capitalization of $33.20 billion, a PE ratio of 49.38, a PEG ratio of 1.52 and a beta of 1.75. 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 announced its quarterly earnings data on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The firm had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.53 billion. During the same quarter in the previous year, the business earned $3.19 earnings per share. Constellation Brands’s revenue for the quarter was down .3% compared to the same quarter last year. Equities research analysts forecast that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $1.01 per share. The ex-dividend date was Friday, February 7th. This represents a $4.04 annualized dividend and a yield of 2.20%. Constellation Brands’s dividend payout ratio (DPR) is presently 108.60%.

Insider Activity at Constellation Brands

In related news, Director William T. Giles purchased 1,000 shares of the stock in a transaction 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 acquisition, the director now directly owns 1,463 shares in the company, valued at $272,688.57. The trade was a 215.98 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 12.19% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. UBS Group lowered their price objective on Constellation Brands from $265.00 to $223.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Barclays reduced their price objective on Constellation Brands from $205.00 to $203.00 and set an “overweight” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $203.00 price objective (down from $262.00) on shares of Constellation Brands in a research report on Monday, January 13th. Roth Capital reduced their price objective on shares of Constellation Brands from $298.00 to $284.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Finally, StockNews.com lowered Constellation Brands from a “hold” rating to a “sell” rating in a research report on Friday, March 14th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Constellation Brands presently has a consensus rating of “Hold” and a consensus target price of $249.18.

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.