Forsta AP Fonden Sells 900 Shares of Constellation Brands, Inc. (NYSE:STZ)

Forsta AP Fonden lowered its position in Constellation Brands, Inc. (NYSE:STZ) by 2.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 36,500 shares of the company’s stock after selling 900 shares during the period. Forsta AP Fonden’s holdings in Constellation Brands were worth $8,066,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Nvest Financial LLC raised its holdings in Constellation Brands by 5.2% in the fourth quarter. Nvest Financial LLC now owns 1,938 shares of the company’s stock worth $428,000 after purchasing an additional 95 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in Constellation Brands by 74.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 17,419 shares of the company’s stock valued at $3,850,000 after acquiring an additional 7,424 shares during the period. R Squared Ltd bought a new stake in Constellation Brands during the fourth quarter worth about $137,000. Southern Style Financial Inc. purchased a new stake in Constellation Brands in the fourth quarter worth about $3,074,000. Finally, Kennedy Investment Group increased its stake in shares of Constellation Brands by 2.3% during the fourth quarter. Kennedy Investment Group now owns 5,212 shares of the company’s stock valued at $1,152,000 after purchasing an additional 119 shares in the last quarter. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Insider Activity

In other Constellation Brands news, 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 completion of the sale, the insider now directly owns 1,736,884 shares of the company’s stock, valued at $418,589,044. This trade represents a 0.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO William A. Newlands sold 25,000 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $243.58, for a total transaction of $6,089,500.00. Following the completion of the transaction, the chief executive officer now directly owns 7,274 shares in the company, valued at $1,771,800.92. This trade represents a 77.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 61,746 shares of company stock worth $15,017,097 in the last three months. Company insiders own 12.19% of the company’s stock.

Constellation Brands Price Performance

Shares of Constellation Brands stock opened at $184.32 on Friday. The stock has a market cap of $33.31 billion, a P/E ratio of 49.55, a P/E/G ratio of 1.58 and a beta of 0.91. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. The stock’s fifty day moving average is $217.72 and its 200 day moving average is $234.79. Constellation Brands, Inc. has a one year low of $176.51 and a one year high of $274.87.

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). The company had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.53 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same period last year, the business earned $3.19 EPS. Sell-side analysts anticipate that Constellation Brands, Inc. will post 13.52 earnings per share for the current year.

Constellation Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a $1.01 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.19%. Constellation Brands’s dividend payout ratio (DPR) is presently 108.60%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on STZ shares. Royal Bank of Canada restated an “outperform” rating and issued a $308.00 price target on shares of Constellation Brands in a research note on Tuesday, January 7th. Evercore ISI reduced their price target on Constellation Brands from $300.00 to $250.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Needham & Company LLC reiterated a “buy” rating and issued a $240.00 price target on shares of Constellation Brands in a research note on Monday. Argus downgraded shares of Constellation Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, Truist Financial decreased their target price on shares of Constellation Brands from $255.00 to $190.00 and set a “hold” rating for the company in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $257.14.

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.