Signaturefd LLC Reduces Stock Position in Constellation Brands, Inc. (NYSE:STZ)

Signaturefd LLC cut its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 17.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,121 shares of the company’s stock after selling 238 shares during the period. Signaturefd LLC’s holdings in Constellation Brands were worth $271,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Impact Partnership Wealth LLC lifted its holdings in Constellation Brands by 1,175.0% in the third quarter. Impact Partnership Wealth LLC now owns 102 shares of the company’s stock valued at $26,000 after acquiring an additional 94 shares during the period. BKM Wealth Management LLC bought a new position in shares of Constellation Brands in the 4th quarter worth approximately $28,000. Asset Dedication LLC boosted its holdings in shares of Constellation Brands by 3,833.3% in the third quarter. Asset Dedication LLC now owns 118 shares of the company’s stock worth $30,000 after buying an additional 115 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in Constellation Brands during the fourth quarter valued at approximately $37,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Constellation Brands during the third quarter valued at approximately $41,000. 77.34% of the stock is owned by institutional investors.

Insider Activity at Constellation Brands

In other Constellation Brands news, EVP James A. Jr. Sabia sold 15,781 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $263.63, for a total transaction of $4,160,345.03. Following the sale, the executive vice president now directly owns 20,910 shares of the company’s stock, valued at $5,512,503.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Constellation Brands news, EVP James A. Jr. Sabia sold 15,781 shares of Constellation Brands stock in a transaction on Friday, April 12th. The shares were sold at an average price of $263.63, for a total transaction of $4,160,345.03. Following the completion of the transaction, the executive vice president now directly owns 20,910 shares of the company’s stock, valued at $5,512,503.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William A. Newlands sold 4,013 shares of the stock in a transaction on Friday, April 19th. The shares were sold at an average price of $263.25, for a total transaction of $1,056,422.25. Following the completion of the sale, the chief executive officer now directly owns 5,395 shares in the company, valued at approximately $1,420,233.75. The disclosure for this sale can be found here. 16.19% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

STZ has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Constellation Brands from $256.00 to $262.00 and gave the company a “hold” rating in a research report on Wednesday, April 10th. BMO Capital Markets raised their price objective on Constellation Brands from $290.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, April 12th. Roth Mkm reiterated a “buy” rating and set a $305.00 price objective on shares of Constellation Brands in a research note on Friday, April 12th. Jefferies Financial Group raised their target price on shares of Constellation Brands from $292.00 to $314.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Finally, Evercore ISI upped their price target on shares of Constellation Brands from $300.00 to $310.00 and gave the stock an “outperform” rating in a research report on Friday, April 12th. Three investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, Constellation Brands currently has an average rating of “Moderate Buy” and a consensus target price of $298.55.

Constellation Brands Stock Performance

NYSE:STZ opened at $260.04 on Friday. The company has a market cap of $47.54 billion, a price-to-earnings ratio of 27.72, a PEG ratio of 1.77 and a beta of 0.97. Constellation Brands, Inc. has a 1 year low of $221.81 and a 1 year high of $274.87. The stock’s 50 day simple moving average is $259.80 and its two-hundred day simple moving average is $247.94. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.19 and a quick ratio of 0.53.

Constellation Brands (NYSE:STZ) last posted its earnings results on Thursday, April 11th. The company reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.16. The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.09 billion. Constellation Brands had a net margin of 16.13% and a return on equity of 23.06%. Constellation Brands’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the firm posted $1.98 earnings per share. As a group, equities analysts anticipate that Constellation Brands, Inc. will post 13.51 earnings per share for the current fiscal year.

Constellation Brands Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 1.55%. This is a boost from Constellation Brands’s previous quarterly dividend of $0.89. The ex-dividend date is Thursday, May 2nd. Constellation Brands’s dividend payout ratio is currently 37.95%.

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 Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Victoria, Vicky Chamoy, and Pacifico brands.