Constellation Brands, Inc. (NYSE:STZ) Shares Sold by Fernwood Investment Management LLC

Fernwood Investment Management LLC decreased its holdings in Constellation Brands, Inc. (NYSE:STZ) by 3.0% during the 4th quarter, HoldingsChannel reports. The fund owned 8,079 shares of the company’s stock after selling 250 shares during the quarter. Fernwood Investment Management LLC’s holdings in Constellation Brands were worth $1,785,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Mainstream Capital Management LLC acquired a new position in shares of Constellation Brands during the fourth quarter worth approximately $25,000. SBI Securities Co. Ltd. acquired a new position in Constellation Brands during the fourth quarter worth about $26,000. Compagnie Lombard Odier SCmA purchased a new stake in shares of Constellation Brands during the fourth quarter valued at $27,000. Union Bancaire Privee UBP SA acquired a new position in shares of Constellation Brands in the fourth quarter worth about $28,000. Finally, Versant Capital Management Inc grew its position in Constellation Brands by 887.5% during the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock worth $35,000 after purchasing an additional 142 shares in the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Insider Activity at Constellation Brands

In other news, Director William T. Giles acquired 1,000 shares of Constellation Brands stock in a transaction on Friday, January 17th. The stock was purchased at an average price of $186.39 per share, with a total value of $186,390.00. Following the completion of the purchase, the director now owns 1,463 shares of the company’s stock, valued at approximately $272,688.57. The trade was a 215.98 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 12.19% of the stock is owned by company insiders.

Constellation Brands Stock Performance

Shares of NYSE:STZ opened at $170.53 on Wednesday. Constellation Brands, Inc. has a 12-month low of $160.46 and a 12-month high of $274.87. The company’s 50 day moving average price is $176.35 and its two-hundred day moving average price is $210.64. The firm has a market cap of $30.82 billion, a PE ratio of 45.84, a PEG ratio of 1.52 and a beta of 1.75. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26.

Constellation Brands (NYSE:STZ) last issued its 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). The business had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.53 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The firm’s revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.19 EPS. Equities research analysts predict that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Analysts Set New Price Targets

STZ has been the subject of a number of research reports. Barclays reduced their price objective on Constellation Brands from $205.00 to $203.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. Roth Capital reduced their price target on Constellation Brands from $298.00 to $284.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Evercore ISI cut their price objective on Constellation Brands from $300.00 to $250.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Truist Financial decreased their target price on Constellation Brands from $255.00 to $190.00 and set a “hold” rating for the company in a research report on Tuesday, January 14th. Finally, Roth Mkm cut their price objective on Constellation Brands from $284.00 to $256.00 and set a “buy” rating for the company in a research report on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Constellation Brands currently has an average rating of “Hold” and a consensus target price of $244.32.

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.