Chiron Capital Management LLC Sells 700 Shares of Constellation Brands Inc $STZ

Chiron Capital Management LLC decreased its stake in Constellation Brands Inc (NYSE:STZ) by 9.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,901 shares of the company’s stock after selling 700 shares during the period. Chiron Capital Management LLC’s holdings in Constellation Brands were worth $1,123,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in STZ. Brighton Jones LLC raised its holdings in Constellation Brands by 23.0% during the 4th quarter. Brighton Jones LLC now owns 1,001 shares of the company’s stock worth $221,000 after purchasing an additional 187 shares during the last quarter. SBI Securities Co. Ltd. increased its position in shares of Constellation Brands by 282.4% during the first quarter. SBI Securities Co. Ltd. now owns 455 shares of the company’s stock worth $84,000 after buying an additional 336 shares during the period. Wealthfront Advisers LLC raised its stake in Constellation Brands by 132.8% during the first quarter. Wealthfront Advisers LLC now owns 6,643 shares of the company’s stock worth $1,219,000 after buying an additional 3,790 shares during the last quarter. Formidable Asset Management LLC acquired a new position in Constellation Brands in the first quarter valued at $338,000. Finally, Kestra Private Wealth Services LLC lifted its holdings in Constellation Brands by 3.6% in the first quarter. Kestra Private Wealth Services LLC now owns 18,985 shares of the company’s stock valued at $3,484,000 after buying an additional 661 shares during the period. 77.34% of the stock is currently owned by institutional investors.

Constellation Brands Trading Down 0.6%

NYSE STZ opened at $128.97 on Monday. The company has a quick ratio of 0.54, a current ratio of 1.08 and a debt-to-equity ratio of 1.26. Constellation Brands Inc has a 52 week low of $126.45 and a 52 week high of $245.31. The business has a 50 day moving average price of $136.23 and a 200-day moving average price of $159.28. The company has a market cap of $22.57 billion, a price-to-earnings ratio of 18.83, a P/E/G ratio of 0.39 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings results on Thursday, February 23rd. The company reported $3.12 earnings per share (EPS) for the quarter. The business had revenue of $2.32 billion during the quarter. Constellation Brands had a net margin of 11.88% and a return on equity of 29.82%. As a group, equities analysts expect that Constellation Brands Inc will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Thursday, October 30th were issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Thursday, October 30th. Constellation Brands’s dividend payout ratio (DPR) is currently 59.56%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Jefferies Financial Group lowered their price objective on Constellation Brands from $205.00 to $179.00 and set a “buy” rating for the company in a research report on Wednesday, September 3rd. Bank of America lowered their target price on Constellation Brands from $150.00 to $142.00 and set an “underperform” rating for the company in a report on Wednesday, September 3rd. Wells Fargo & Company dropped their price target on Constellation Brands from $170.00 to $155.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. TD Cowen cut their price target on Constellation Brands from $180.00 to $152.00 and set a “hold” rating on the stock in a report on Thursday, September 4th. Finally, Barclays reduced their price objective on shares of Constellation Brands from $150.00 to $147.00 and set an “equal weight” rating for the company in a research report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $186.44.

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.