Natixis Advisors LLC Lowers Stake in Constellation Brands, Inc. (NYSE:STZ)

Natixis Advisors LLC cut its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 9.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 102,190 shares of the company’s stock after selling 11,203 shares during the period. Natixis Advisors LLC owned approximately 0.06% of Constellation Brands worth $22,584,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of STZ. Mainstream Capital Management LLC purchased a new stake in shares of Constellation Brands in the fourth quarter valued at approximately $25,000. SBI Securities Co. Ltd. acquired a new stake in Constellation Brands in the 4th quarter valued at $26,000. Compagnie Lombard Odier SCmA acquired a new stake in Constellation Brands in the 4th quarter valued at $27,000. Union Bancaire Privee UBP SA purchased a new stake in Constellation Brands in the 4th quarter worth $28,000. Finally, Versant Capital Management Inc raised its position in Constellation Brands by 887.5% during the fourth quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock worth $35,000 after acquiring an additional 142 shares during the period. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Constellation Brands Trading Up 1.2 %

NYSE STZ opened at $183.53 on Tuesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. The stock has a market capitalization of $33.17 billion, a P/E ratio of 49.34, a PEG ratio of 1.52 and a beta of 1.75. The firm’s 50-day moving average is $179.79 and its two-hundred day moving average is $218.70. Constellation Brands, Inc. has a 12 month low of $160.46 and a 12 month high of $274.87.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Friday, January 10th. The company reported $3.25 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 company had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.53 billion. During the same quarter in the prior year, the company posted $3.19 earnings per share. The business’s revenue was down .3% compared to the same quarter last year. On average, sell-side analysts anticipate that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a $1.01 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.04 annualized dividend and a dividend yield of 2.20%. Constellation Brands’s dividend payout ratio is presently 108.60%.

Analyst Ratings Changes

A number of analysts have recently commented on STZ shares. UBS Group cut their target price on shares of Constellation Brands from $265.00 to $223.00 and set a “buy” rating for the company in a research note on Friday, January 17th. BNP Paribas assumed coverage on Constellation Brands in a report on Monday, November 25th. They set a “neutral” rating and a $261.00 target price for the company. Truist Financial decreased their target price on Constellation Brands from $255.00 to $190.00 and set a “hold” rating on the stock in a research report on Tuesday, January 14th. TD Cowen reduced their price objective on Constellation Brands from $270.00 to $260.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Finally, Roth Capital decreased their price objective on Constellation Brands from $298.00 to $284.00 and set a “buy” rating on the stock in a report on Friday, January 17th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Constellation Brands has an average rating of “Hold” and a consensus target price of $252.81.

Insider Activity at Constellation Brands

In other Constellation Brands news, Director William T. Giles purchased 1,000 shares of the business’s stock in a transaction on Friday, January 17th. The shares were bought at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the completion of the purchase, the director now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 12.19% of the company’s stock.

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.