1,263 Shares in Constellation Brands, Inc. (NYSE:STZ) Purchased by Headlands Technologies LLC

Headlands Technologies LLC bought a new stake in Constellation Brands, Inc. (NYSE:STZ) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,263 shares of the company’s stock, valued at approximately $279,000.

Other hedge funds also recently bought and sold shares of the company. Public Sector Pension Investment Board increased its holdings in Constellation Brands by 3.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 5,904 shares of the company’s stock valued at $1,521,000 after purchasing an additional 200 shares during the last quarter. Benjamin Edwards Inc. grew its stake in shares of Constellation Brands by 206.5% in the third quarter. Benjamin Edwards Inc. now owns 4,763 shares of the company’s stock valued at $1,228,000 after buying an additional 3,209 shares in the last quarter. Hilltop Holdings Inc. purchased a new stake in shares of Constellation Brands in the 3rd quarter valued at $205,000. Investment Management Corp of Ontario lifted its stake in Constellation Brands by 45.3% during the 3rd quarter. Investment Management Corp of Ontario now owns 5,455 shares of the company’s stock worth $1,406,000 after acquiring an additional 1,700 shares in the last quarter. Finally, Royal London Asset Management Ltd. boosted its holdings in Constellation Brands by 7.1% during the 3rd quarter. Royal London Asset Management Ltd. now owns 69,100 shares of the company’s stock valued at $17,806,000 after acquiring an additional 4,570 shares during the period. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Constellation Brands Stock Down 4.2 %

STZ stock opened at $173.79 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. The firm has a market cap of $31.41 billion, a PE ratio of 46.72, a PEG ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a 1 year low of $160.46 and a 1 year high of $274.87. The company has a fifty day simple moving average of $177.14 and a 200 day simple moving average of $212.55.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data 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 26.55% and a net margin of 6.27%. The firm had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same period in the prior year, the company posted $3.19 earnings per share. Constellation Brands’s quarterly revenue was down .3% on a year-over-year basis. Sell-side analysts anticipate that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a $1.01 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.04 annualized dividend and a yield of 2.32%. Constellation Brands’s dividend payout ratio is 108.60%.

Insider Activity at Constellation Brands

In other news, Director William T. Giles acquired 1,000 shares of the firm’s stock in a transaction dated Friday, January 17th. The shares were bought at an average price of $186.39 per share, with a total value of $186,390.00. Following the acquisition, the director now owns 1,463 shares of the company’s stock, valued at $272,688.57. This trade represents a 215.98 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 12.19% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. UBS Group cut their price target on Constellation Brands from $265.00 to $223.00 and set a “buy” rating on the stock in a report on Friday, January 17th. TD Cowen reduced their target price on shares of Constellation Brands from $270.00 to $260.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Jefferies Financial Group reiterated 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, January 13th. Roth Capital dropped their price objective on shares of Constellation Brands from $298.00 to $284.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Finally, Royal Bank of Canada decreased their price objective on shares of Constellation Brands from $293.00 to $289.00 and set an “outperform” rating for the company in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $244.32.

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.