Copperwynd Financial LLC Cuts Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

Copperwynd Financial LLC reduced its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 8.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,876 shares of the company’s stock after selling 262 shares during the period. Copperwynd Financial LLC’s holdings in Constellation Brands were worth $636,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its holdings in Constellation Brands by 1,844.7% in the fourth quarter. Van ECK Associates Corp now owns 924,274 shares of the company’s stock valued at $204,265,000 after buying an additional 876,745 shares in the last quarter. Copperleaf Capital LLC purchased a new position in Constellation Brands in the fourth quarter valued at about $343,000. Grimes & Company Inc. purchased a new position in Constellation Brands in the fourth quarter valued at about $6,099,000. Empowered Funds LLC increased its holdings in Constellation Brands by 62.8% in the fourth quarter. Empowered Funds LLC now owns 16,575 shares of the company’s stock valued at $3,663,000 after buying an additional 6,391 shares in the last quarter. Finally, Southern Style Financial Inc. purchased a new position in Constellation Brands in the fourth quarter valued at about $3,074,000. 77.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

STZ has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $203.00 target price (down from $262.00) on shares of Constellation Brands in a report on Monday, January 13th. Truist Financial lowered their price target on shares of Constellation Brands from $255.00 to $190.00 and set a “hold” rating on the stock in a research report on Tuesday, January 14th. BNP Paribas began coverage on shares of Constellation Brands in a research report on Monday, November 25th. They issued a “neutral” rating and a $261.00 price target on the stock. StockNews.com lowered shares of Constellation Brands from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Argus lowered shares of Constellation Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $252.81.

Insider Buying and Selling

In related news, Director William T. Giles bought 1,000 shares of the company’s stock in a transaction dated Friday, January 17th. The stock was bought at an average price of $186.39 per share, with a total value of $186,390.00. Following the transaction, the director now owns 1,463 shares of the company’s stock, valued at approximately $272,688.57. This trade represents a 215.98 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 12.19% of the stock is currently owned by insiders.

Constellation Brands Stock Down 0.1 %

Shares of STZ opened at $181.46 on Friday. The company’s fifty day moving average is $180.58 and its two-hundred day moving average is $219.38. Constellation Brands, Inc. has a fifty-two week low of $160.46 and a fifty-two week high of $274.87. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. The firm has a market cap of $32.79 billion, a PE ratio of 48.78, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last issued its earnings results 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 net margin of 6.27% and a return on equity of 26.55%. The business had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.53 billion. During the same period in the prior year, the business posted $3.19 EPS. The business’s revenue was down .3% on a year-over-year basis. Analysts forecast that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend was Friday, February 7th. Constellation Brands’s dividend payout ratio (DPR) is 108.60%.

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.