Curbstone Financial Management Corp Buys 106 Shares of Constellation Brands, Inc. (NYSE:STZ)

Curbstone Financial Management Corp increased its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 5.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,940 shares of the company’s stock after purchasing an additional 106 shares during the period. Curbstone Financial Management Corp’s holdings in Constellation Brands were worth $429,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its holdings in shares of Constellation Brands by 12.0% in the fourth quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 9,047 shares of the company’s stock worth $1,999,000 after buying an additional 966 shares in the last quarter. Berkshire Bank increased its holdings in Constellation Brands by 51.0% during the 4th quarter. Berkshire Bank now owns 1,510 shares of the company’s stock worth $334,000 after acquiring an additional 510 shares during the period. Clio Asset Management LLC bought a new stake in Constellation Brands during the 4th quarter worth approximately $442,000. Union Bancaire Privee UBP SA purchased a new stake in Constellation Brands in the 4th quarter worth approximately $28,000. Finally, Blue Trust Inc. boosted its holdings in Constellation Brands by 79.0% in the 4th quarter. Blue Trust Inc. now owns 1,828 shares of the company’s stock valued at $404,000 after purchasing an additional 807 shares during the period. Institutional investors own 77.34% of the company’s stock.

Insider Activity at Constellation Brands

In other news, major shareholder Wildstar Partners Llc sold 660 shares of Constellation Brands stock in a transaction dated 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 owns 1,736,884 shares of the company’s stock, valued at approximately $418,589,044. The trade was a 0.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William T. Giles purchased 1,000 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The stock was bought at an average cost 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 $272,688.57. This represents a 215.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 61,746 shares of company stock worth $15,017,097 over the last quarter. 12.19% of the stock is owned by corporate insiders.

Constellation Brands Trading Up 2.6 %

NYSE:STZ opened at $187.84 on Tuesday. The firm has a market capitalization of $33.95 billion, a P/E ratio of 50.49, a P/E/G ratio of 1.58 and a beta of 1.75. Constellation Brands, Inc. has a 52 week low of $176.51 and a 52 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 company has a fifty day moving average of $221.02 and a 200 day moving average of $236.20.

Constellation Brands (NYSE:STZ) last posted its earnings results 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). The business 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 revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the previous year, the business earned $3.19 earnings per share. On average, research analysts predict that Constellation Brands, Inc. will post 13.52 earnings per share for the current year.

Constellation Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a dividend of $1.01 per share. 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 2.15%. Constellation Brands’s dividend payout ratio is presently 108.60%.

Wall Street Analyst Weigh In

STZ has been the topic of several research analyst reports. Morgan Stanley decreased their price target on shares of Constellation Brands from $280.00 to $220.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $203.00 target price (down from $262.00) on shares of Constellation Brands in a research note on Monday, January 13th. StockNews.com cut Constellation Brands from a “hold” rating to a “sell” rating in a report on Tuesday. Argus lowered Constellation Brands from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $201.00 price objective (down from $310.00) on shares of Constellation Brands in a research report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.