Kraematon Investment Advisors Inc. Cuts Position in Constellation Brands, Inc. (NYSE:STZ)

Kraematon Investment Advisors Inc. trimmed its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 11.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 962 shares of the company’s stock after selling 123 shares during the period. Kraematon Investment Advisors Inc.’s holdings in Constellation Brands were worth $213,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in Constellation Brands by 31.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,002,332 shares of the company’s stock valued at $257,865,000 after buying an additional 241,982 shares during the last quarter. Argent Trust Co increased its holdings in shares of Constellation Brands by 11.7% during the second quarter. Argent Trust Co now owns 9,595 shares of the company’s stock valued at $2,469,000 after acquiring an additional 1,004 shares in the last quarter. Tredje AP fonden raised its position in shares of Constellation Brands by 148.4% in the 2nd quarter. Tredje AP fonden now owns 25,106 shares of the company’s stock worth $6,459,000 after purchasing an additional 15,000 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in Constellation Brands by 20.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,675 shares of the company’s stock worth $2,694,000 after purchasing an additional 1,783 shares in the last quarter. Finally, Waterloo Capital L.P. grew its position in Constellation Brands by 10.6% during the 2nd quarter. Waterloo Capital L.P. now owns 3,943 shares of the company’s stock valued at $1,014,000 after purchasing an additional 378 shares during the last quarter. 77.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Roth Mkm reaffirmed a “buy” rating and issued a $298.00 target price on shares of Constellation Brands in a report on Friday, October 4th. Bank of America restated a “neutral” rating and issued a $255.00 price objective (down from $300.00) on shares of Constellation Brands in a report on Monday, October 7th. Barclays cut their target price on Constellation Brands from $282.00 to $214.00 and set an “overweight” rating on the stock in a research note on Tuesday. Jefferies Financial Group restated a “hold” rating and issued a $201.00 price target (down previously from $310.00) on shares of Constellation Brands in a research note on Monday. Finally, Argus cut Constellation Brands from a “buy” rating to a “hold” rating in a research report on Tuesday. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $261.40.

Insiders Place Their Bets

In related news, EVP James A. Jr. Sabia sold 36,086 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $242.99, for a total value of $8,768,537.14. Following the transaction, the executive vice president now directly owns 16,042 shares of the company’s stock, valued at approximately $3,898,045.58. The trade was a 69.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Wildstar Partners Llc sold 660 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $241.00, for a total transaction of $159,060.00. Following 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 69,172 shares of company stock worth $16,778,841 over the last three months. 12.19% of the stock is currently owned by company insiders.

Constellation Brands Trading Up 2.2 %

NYSE:STZ opened at $184.66 on Friday. Constellation Brands, Inc. has a one year low of $176.51 and a one year high of $274.87. The business has a fifty day moving average price of $228.73 and a 200-day moving average price of $239.85. The firm has a market capitalization of $33.53 billion, a price-to-earnings ratio of 49.64, a price-to-earnings-growth ratio of 1.28 and a beta of 0.91. 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 posted its quarterly earnings data 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 company had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.53 billion. During the same period last year, the business earned $3.19 EPS. The firm’s quarterly revenue was down .3% compared to the same quarter last year. Sell-side analysts forecast that Constellation Brands, Inc. will post 13.72 EPS for the current year.

Constellation Brands Dividend Announcement

The company 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 dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 2.19%. The ex-dividend date is Friday, February 7th. Constellation Brands’s dividend payout ratio is currently 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.