Constellation Brands, Inc. (NYSE:STZ) Shares Bought by Occidental Asset Management LLC

Occidental Asset Management LLC increased its stake in Constellation Brands, Inc. (NYSE:STZ) by 11.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 13,394 shares of the company’s stock after purchasing an additional 1,323 shares during the quarter. Occidental Asset Management LLC’s holdings in Constellation Brands were worth $2,960,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Empirical Asset Management LLC acquired a new position in shares of Constellation Brands in the 4th quarter valued at approximately $8,793,000. Mirador Capital Partners LP raised its holdings in Constellation Brands by 3.3% in the fourth quarter. Mirador Capital Partners LP now owns 5,610 shares of the company’s stock valued at $1,240,000 after acquiring an additional 181 shares in the last quarter. Radnor Capital Management LLC raised its holdings in Constellation Brands by 2.0% in the fourth quarter. Radnor Capital Management LLC now owns 7,054 shares of the company’s stock valued at $1,559,000 after acquiring an additional 135 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Constellation Brands by 347.7% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 582 shares of the company’s stock worth $129,000 after acquiring an additional 452 shares in the last quarter. Finally, Park Avenue Securities LLC raised its stake in shares of Constellation Brands by 28.2% in the 4th quarter. Park Avenue Securities LLC now owns 5,590 shares of the company’s stock valued at $1,235,000 after purchasing an additional 1,228 shares in the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Argus downgraded Constellation Brands from a “buy” rating to a “hold” rating in a research note on Tuesday. Evercore ISI reduced their target price on Constellation Brands from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Monday. Barclays lowered their price target on Constellation Brands from $282.00 to $214.00 and set an “overweight” rating for the company in a report on Tuesday. Piper Sandler reduced their price objective on Constellation Brands from $300.00 to $245.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Wells Fargo & Company lowered their target price on shares of Constellation Brands from $295.00 to $275.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Constellation Brands presently has an average rating of “Moderate Buy” and an average target price of $261.40.

Constellation Brands Price Performance

Shares of NYSE:STZ opened at $184.66 on Friday. The stock’s 50 day moving average price is $228.73 and its 200 day moving average price is $239.85. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.25 and a quick ratio of 0.53. The stock has a market cap of $33.53 billion, a price-to-earnings ratio of 49.64, a PEG ratio of 1.28 and a beta of 0.91. Constellation Brands, Inc. has a 12 month low of $176.51 and a 12 month high of $274.87.

Constellation Brands (NYSE:STZ) last issued its quarterly 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). Constellation Brands had a return on equity of 25.34% and a net margin of 5.29%. The business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter last year, the firm posted $3.19 earnings per share. Constellation Brands’s revenue was down .3% compared to the same quarter last year. Equities research analysts anticipate that Constellation Brands, Inc. will post 13.72 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a $1.01 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.04 annualized dividend and a dividend yield of 2.19%. Constellation Brands’s dividend payout ratio is currently 108.60%.

Insider Activity

In related news, EVP James A. Jr. Sabia sold 36,086 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $242.99, for a total value of $8,768,537.14. Following the completion of the sale, the executive vice president now owns 16,042 shares in the company, valued at approximately $3,898,045.58. This represents a 69.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Wildstar Partners Llc sold 660 shares of Constellation Brands stock in a transaction that occurred 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 transaction, the insider now owns 1,736,884 shares in the company, valued at approximately $418,589,044. The trade was a 0.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 69,172 shares of company stock worth $16,778,841. Insiders own 12.19% of the company’s stock.

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.