Constellation Brands, Inc. (NYSE:STZ) Shares Sold by Nicholas Company Inc.

Nicholas Company Inc. reduced its stake in Constellation Brands, Inc. (NYSE:STZ) by 8.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 244,300 shares of the company’s stock after selling 21,880 shares during the period. Nicholas Company Inc.’s holdings in Constellation Brands were worth $53,990,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of STZ. Oppenheimer & Co. Inc. grew its stake in shares of Constellation Brands by 35.0% during the third quarter. Oppenheimer & Co. Inc. now owns 12,802 shares of the company’s stock valued at $3,299,000 after acquiring an additional 3,321 shares in the last quarter. Curi RMB Capital LLC grew its stake in Constellation Brands by 30.5% in the third quarter. Curi RMB Capital LLC now owns 1,674 shares of the company’s stock worth $431,000 after purchasing an additional 391 shares in the last quarter. Metis Global Partners LLC grew its stake in Constellation Brands by 0.8% in the third quarter. Metis Global Partners LLC now owns 5,570 shares of the company’s stock worth $1,435,000 after purchasing an additional 46 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its stake in Constellation Brands by 1.3% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,205 shares of the company’s stock worth $1,084,000 after purchasing an additional 52 shares in the last quarter. Finally, Balboa Wealth Partners acquired a new position in Constellation Brands in the third quarter worth about $253,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Constellation Brands

In other news, Director William T. Giles purchased 1,000 shares of Constellation Brands stock in a transaction on Friday, January 17th. The shares were purchased at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the completion of the transaction, the director now directly owns 1,463 shares in the company, valued at approximately $272,688.57. This represents a 215.98 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 12.19% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

STZ has been the subject of a number of research reports. Piper Sandler downgraded Constellation Brands from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $245.00 to $200.00 in a research note on Monday, February 3rd. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $203.00 target price (down previously from $262.00) on shares of Constellation Brands in a report on Monday, January 13th. Truist Financial cut their target price on shares of Constellation Brands from $255.00 to $190.00 and set a “hold” rating on the stock in a report on Tuesday, January 14th. Wells Fargo & Company cut their target price on shares of Constellation Brands from $295.00 to $275.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $240.00 target price on shares of Constellation Brands in a report on Monday, January 27th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Constellation Brands currently has an average rating of “Hold” and an average price target of $252.81.

Constellation Brands Stock Down 0.1 %

STZ stock opened at $181.46 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. 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 $180.58 and a 200 day simple moving average of $219.23. The firm has a market cap of $32.79 billion, a PE ratio of 48.78, a PEG ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last released its earnings results on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). The firm 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% on a year-over-year basis. During the same period in the prior year, the firm earned $3.19 EPS. Sell-side analysts anticipate that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $1.01 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a yield of 2.23%. Constellation Brands’s payout ratio is currently 108.60%.

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.