Burns J W & Co. Inc. NY Sells 505 Shares of Constellation Brands, Inc. (NYSE:STZ)

Burns J W & Co. Inc. NY reduced its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 12.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,483 shares of the company’s stock after selling 505 shares during the period. Burns J W & Co. Inc. NY’s holdings in Constellation Brands were worth $770,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in STZ. Versant Capital Management Inc raised its position in 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 in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Constellation Brands during the 2nd quarter valued at about $36,000. Eastern Bank bought a new stake in Constellation Brands in the 3rd quarter worth approximately $39,000. FSA Wealth Management LLC purchased a new stake in Constellation Brands in the third quarter worth approximately $42,000. Finally, Fairfield Financial Advisors LTD bought a new position in Constellation Brands during the second quarter valued at approximately $57,000. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Constellation Brands news, CEO William A. Newlands sold 7,426 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $237.24, for a total value of $1,761,744.24. Following the completion of the transaction, the chief executive officer now directly owns 7,274 shares in the company, valued at $1,725,683.76. This represents a 50.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Wildstar Partners Llc sold 660 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total transaction of $159,060.00. Following the completion of the sale, the insider now directly owns 1,736,884 shares of the company’s stock, valued at approximately $418,589,044. This trade 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 188,446 shares of company stock valued at $45,687,281 in the last 90 days. Company insiders own 12.19% of the company’s stock.

Constellation Brands Stock Performance

Shares of Constellation Brands stock traded up $4.03 during trading on Monday, hitting $185.84. 5,437,508 shares of the company’s stock traded hands, compared to its average volume of 3,255,798. The stock has a market capitalization of $33.74 billion, a P/E ratio of 60.14, a PEG ratio of 1.69 and a beta of 1.75. The business has a 50-day simple moving average of $231.88 and a 200-day simple moving average of $241.28. Constellation Brands, Inc. has a 1 year low of $176.51 and a 1 year high of $274.87. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.25 and a quick ratio of 0.53.

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 the consensus estimate of $3.33 by ($0.08). Constellation Brands had a return on equity of 25.34% and a net margin of 5.29%. The firm had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.53 billion. During the same period in the previous year, the business posted $3.19 earnings per share. The company’s revenue for the quarter was down .3% on a year-over-year basis. As a group, analysts forecast that Constellation Brands, Inc. will post 13.57 EPS for the current year.

Constellation Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a $1.01 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.04 annualized dividend and a yield of 2.17%. Constellation Brands’s payout ratio is presently 130.74%.

Wall Street Analysts Forecast Growth

STZ has been the subject of a number of recent research reports. BMO Capital Markets lowered their price objective on shares of Constellation Brands from $315.00 to $305.00 and set an “outperform” rating for the company in a report on Tuesday, October 15th. Roth Mkm restated a “buy” rating and set a $298.00 target price on shares of Constellation Brands in a report on Friday, October 4th. BNP Paribas began coverage on Constellation Brands in a research report on Monday, November 25th. They issued a “neutral” rating and a $261.00 price objective for the company. Bank of America reissued a “neutral” rating and set a $255.00 price objective (down previously from $300.00) on shares of Constellation Brands in a research note on Monday, October 7th. Finally, Evercore ISI decreased their target price on shares of Constellation Brands from $300.00 to $250.00 and set an “outperform” rating on the stock in a research note on Monday. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $268.05.

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.