Mmbg Investment Advisors CO. Reduces Position in Constellation Brands Inc $STZ

Mmbg Investment Advisors CO. cut its position in shares of Constellation Brands Inc (NYSE:STZ) by 86.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,740 shares of the company’s stock after selling 23,011 shares during the quarter. Mmbg Investment Advisors CO.’s holdings in Constellation Brands were worth $516,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Root Financial Partners LLC purchased a new position in shares of Constellation Brands during the 3rd quarter worth about $26,000. Stance Capital LLC purchased a new position in shares of Constellation Brands during the 3rd quarter worth about $26,000. GoalVest Advisory LLC purchased a new position in shares of Constellation Brands during the 4th quarter worth about $28,000. Elyxium Wealth LLC purchased a new position in shares of Constellation Brands during the 4th quarter worth about $33,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Constellation Brands during the 4th quarter worth about $39,000. 77.34% of the stock is owned by hedge funds and other institutional investors.

Constellation Brands Price Performance

Shares of STZ opened at $149.50 on Tuesday. The company has a 50 day moving average price of $152.75 and a 200-day moving average price of $148.88. Constellation Brands Inc has a fifty-two week low of $126.45 and a fifty-two week high of $186.40. The stock has a market capitalization of $25.74 billion, a PE ratio of 15.59, a PEG ratio of 3.28 and a beta of 0.43. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.55 and a current ratio of 1.08.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Wednesday, April 8th. The company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.19. Constellation Brands had a net margin of 17.29% and a return on equity of 26.18%. The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the prior year, the company earned $2.63 EPS. The company’s revenue was down 11.3% compared to the same quarter last year. Equities analysts predict that Constellation Brands Inc will post 11.9 earnings per share for the current fiscal year.

Constellation Brands Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Wednesday, April 29th were given a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Wednesday, April 29th. This is a boost from Constellation Brands’s previous quarterly dividend of $1.02. Constellation Brands’s dividend payout ratio is currently 42.96%.

Analyst Upgrades and Downgrades

STZ has been the subject of a number of recent analyst reports. Roth Mkm reaffirmed a “buy” rating on shares of Constellation Brands in a research note on Thursday, April 9th. Piper Sandler lifted their price target on shares of Constellation Brands from $146.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, April 10th. Needham & Company LLC lifted their price target on shares of Constellation Brands from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, April 10th. Barclays lifted their price target on shares of Constellation Brands from $151.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Friday, April 10th. Finally, Wells Fargo & Company lifted their price target on shares of Constellation Brands from $180.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $175.37.

Insider Buying and Selling at Constellation Brands

In other news, EVP James O. Bourdeau sold 4,407 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $143.24, for a total value of $631,258.68. Following the completion of the sale, the executive vice president owned 9,109 shares of the company’s stock, valued at approximately $1,304,773.16. This represents a 32.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 12.45% of the company’s stock.

Constellation Brands Profile

Constellation Brands, Inc is a leading producer and marketer of beer, wine and spirits, with operations spanning production, importation, marketing and distribution. The company’s beverage portfolio includes a range of premium and mainstream wines and spirits alongside major imported beer brands; in the U.S. market Constellation is widely known for its role in bringing Mexican imports such as Corona and Modelo to American consumers. Constellation supplies retail, on‑premise and foodservice channels and supports its brands with national sales and marketing platforms and supply‑chain capabilities.

The company traces its roots to the Canandaigua Wine Company, founded by Marvin Sands in 1945, and evolved through organic growth and acquisition into a diversified beverage company.