Citizens National Bank Trust Department Grows Stock Holdings in Constellation Brands Inc $STZ

Citizens National Bank Trust Department boosted its position in Constellation Brands Inc (NYSE:STZ) by 27.2% in the 2nd quarter, Holdings Channel reports. The fund owned 5,633 shares of the company’s stock after purchasing an additional 1,205 shares during the period. Citizens National Bank Trust Department’s holdings in Constellation Brands were worth $916,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Laurel Wealth Advisors LLC purchased a new stake in shares of Constellation Brands during the 1st quarter valued at $32,000. Rakuten Securities Inc. grew its stake in shares of Constellation Brands by 805.0% during the 1st quarter. Rakuten Securities Inc. now owns 181 shares of the company’s stock valued at $33,000 after buying an additional 161 shares during the period. Zions Bancorporation National Association UT purchased a new stake in shares of Constellation Brands during the 1st quarter valued at $38,000. Flaharty Asset Management LLC purchased a new stake in shares of Constellation Brands during the 1st quarter valued at $39,000. Finally, Hoey Investments Inc. purchased a new stake in shares of Constellation Brands during the 2nd quarter valued at $40,000. 77.34% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Constellation Brands

In other Constellation Brands news, EVP James O. Bourdeau sold 821 shares of the stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $169.00, for a total value of $138,749.00. Following the completion of the sale, the executive vice president owned 9,438 shares in the company, valued at $1,595,022. This represents a 8.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.45% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on STZ shares. Zacks Research cut shares of Constellation Brands from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 9th. Cowen reissued a “hold” rating on shares of Constellation Brands in a research note on Monday, July 7th. Needham & Company LLC lowered their price objective on shares of Constellation Brands from $200.00 to $180.00 and set a “buy” rating for the company in a research note on Wednesday, September 3rd. Wells Fargo & Company decreased their price target on shares of Constellation Brands from $170.00 to $155.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. Finally, BMO Capital Markets decreased their price target on shares of Constellation Brands from $215.00 to $190.00 and set an “outperform” rating for the company in a research report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $187.72.

Constellation Brands Stock Performance

Shares of STZ stock opened at $140.04 on Wednesday. Constellation Brands Inc has a 12 month low of $131.20 and a 12 month high of $247.63. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.07 and a quick ratio of 0.68. The firm has a market capitalization of $24.69 billion, a P/E ratio of 20.44, a P/E/G ratio of 0.42 and a beta of 0.66. The company’s fifty day moving average price is $152.33 and its two-hundred day moving average price is $168.88.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Monday, October 6th. The company reported $3.63 EPS for the quarter, topping analysts’ consensus estimates of $3.37 by $0.26. Constellation Brands had a net margin of 11.88% and a return on equity of 30.03%. The firm had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.68 billion. During the same quarter in the previous year, the business posted $4.32 EPS. The firm’s revenue was down 15.0% compared to the same quarter last year. On average, research analysts anticipate that Constellation Brands Inc will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 13th. Shareholders of record on Thursday, October 30th will be given a $1.02 dividend. The ex-dividend date is Thursday, October 30th. This represents a $4.08 dividend on an annualized basis and a yield of 2.9%. Constellation Brands’s dividend payout ratio is presently -170.71%.

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.