Snowden Capital Advisors LLC Has $4.03 Million Stock Position in Constellation Brands, Inc. (NYSE:STZ)

Snowden Capital Advisors LLC decreased its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,254 shares of the company’s stock after selling 511 shares during the period. Snowden Capital Advisors LLC’s holdings in Constellation Brands were worth $4,034,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Van ECK Associates Corp lifted its position in Constellation Brands by 1,844.7% during the 4th quarter. Van ECK Associates Corp now owns 924,274 shares of the company’s stock worth $204,265,000 after buying an additional 876,745 shares in the last quarter. Copperleaf Capital LLC acquired a new position in Constellation Brands during the 4th quarter worth about $343,000. Grimes & Company Inc. acquired a new position in Constellation Brands during the 4th quarter worth about $6,099,000. Empowered Funds LLC lifted its position in Constellation Brands by 62.8% during the 4th quarter. Empowered Funds LLC now owns 16,575 shares of the company’s stock worth $3,663,000 after buying an additional 6,391 shares in the last quarter. Finally, Southern Style Financial Inc. acquired a new position in Constellation Brands during the 4th quarter worth about $3,074,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Stock Performance

Constellation Brands stock opened at $195.75 on Friday. Constellation Brands, Inc. has a 12-month low of $160.46 and a 12-month high of $265.70. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. The business’s 50-day moving average price is $184.10 and its two-hundred day moving average price is $199.45. The stock has a market cap of $34.85 billion, a PE ratio of 52.62, a P/E/G ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Wednesday, April 9th. The company reported $2.63 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.35. The company had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.14 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business posted $2.26 earnings per share. As a group, analysts expect that Constellation Brands, Inc. will post 13.5 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 15th. Shareholders of record on Tuesday, April 29th were paid a $1.02 dividend. The ex-dividend date was Tuesday, April 29th. This is a positive change from Constellation Brands’s previous quarterly dividend of $1.01. This represents a $4.08 annualized dividend and a yield of 2.08%. Constellation Brands’s payout ratio is -800.00%.

Insider Buying and Selling at Constellation Brands

In other Constellation Brands news, EVP Samuel J. Glaetzer sold 3,150 shares of the business’s stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $188.54, for a total value of $593,901.00. Following the transaction, the executive vice president now directly owns 3,126 shares of the company’s stock, valued at approximately $589,376.04. The trade was a 50.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 12.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on STZ shares. Wells Fargo & Company cut their target price on shares of Constellation Brands from $230.00 to $210.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 2nd. Citigroup cut their target price on shares of Constellation Brands from $200.00 to $190.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Morgan Stanley cut their target price on shares of Constellation Brands from $202.00 to $195.00 and set an “equal weight” rating on the stock in a research report on Friday, April 11th. Roth Capital cut their target price on shares of Constellation Brands from $298.00 to $284.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Finally, The Goldman Sachs Group cut their target price on shares of Constellation Brands from $260.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $225.74.

Constellation Brands Company 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.