Constellation Brands Inc $STZ Shares Sold by Huntington National Bank

Huntington National Bank decreased its position in shares of Constellation Brands Inc (NYSE:STZ) by 25.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,606 shares of the company’s stock after selling 5,589 shares during the quarter. Huntington National Bank’s holdings in Constellation Brands were worth $2,291,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC lifted its position in Constellation Brands by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 3,739,549 shares of the company’s stock valued at $513,871,000 after buying an additional 54,184 shares during the last quarter. Malaga Cove Capital LLC lifted its position in Constellation Brands by 8.0% in the fourth quarter. Malaga Cove Capital LLC now owns 5,162 shares of the company’s stock valued at $712,000 after buying an additional 382 shares during the last quarter. Harbour Investments Inc. lifted its position in Constellation Brands by 20.6% in the fourth quarter. Harbour Investments Inc. now owns 1,490 shares of the company’s stock valued at $206,000 after buying an additional 255 shares during the last quarter. Allstate Corp lifted its position in Constellation Brands by 92.8% in the fourth quarter. Allstate Corp now owns 10,866 shares of the company’s stock valued at $1,499,000 after buying an additional 5,230 shares during the last quarter. Finally, Clearstead Trust LLC lifted its position in Constellation Brands by 14.2% in the fourth quarter. Clearstead Trust LLC now owns 548 shares of the company’s stock valued at $76,000 after buying an additional 68 shares during the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Stock Down 2.4%

Shares of NYSE:STZ opened at $138.78 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.08 and a quick ratio of 0.55. The firm has a market capitalization of $23.90 billion, a PE ratio of 14.47, a price-to-earnings-growth ratio of 3.12 and a beta of 0.43. The firm’s 50-day moving average is $152.10 and its two-hundred day moving average is $149.14. Constellation Brands Inc has a 1 year low of $126.45 and a 1 year high of $180.41.

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

Constellation Brands Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Wednesday, April 29th were paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.0%. This is a boost from Constellation Brands’s previous quarterly dividend of $1.02. The ex-dividend date was Wednesday, April 29th. Constellation Brands’s payout ratio is currently 42.96%.

Insider Transactions at Constellation Brands

In other Constellation Brands news, EVP James O. Bourdeau sold 4,407 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $143.24, for a total transaction of $631,258.68. Following the sale, the executive vice president directly owned 9,109 shares in the company, valued at $1,304,773.16. This represents a 32.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 12.45% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $185.00 target price on shares of Constellation Brands in a research report on Friday, April 10th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Constellation Brands from $154.00 to $155.00 and gave the company a “hold” rating in a research report on Friday, April 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Constellation Brands in a research report on Monday, May 4th. UBS Group upped their target price on shares of Constellation Brands from $176.00 to $186.00 and gave the company a “buy” rating in a research report on Friday, April 10th. Finally, Citigroup reaffirmed a “buy” rating on shares of Constellation Brands in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Constellation Brands presently has a consensus rating of “Moderate Buy” and a consensus target price of $175.26.

About Constellation Brands

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.