Webster Bank N. A. Trims Stock Position in Constellation Brands, Inc. (NYSE:STZ)

Webster Bank N. A. cut its stake in shares of Constellation Brands, Inc. (NYSE:STZFree Report) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,310 shares of the company’s stock after selling 194 shares during the quarter. Webster Bank N. A.’s holdings in Constellation Brands were worth $1,767,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of STZ. Burns Matteson Capital Management LLC raised its holdings in shares of Constellation Brands by 1.7% during the fourth quarter. Burns Matteson Capital Management LLC now owns 2,499 shares of the company’s stock worth $604,000 after purchasing an additional 42 shares during the last quarter. FAS Wealth Partners Inc. raised its holdings in shares of Constellation Brands by 3.5% during the fourth quarter. FAS Wealth Partners Inc. now owns 1,277 shares of the company’s stock worth $309,000 after purchasing an additional 43 shares during the last quarter. United Capital Financial Advisers LLC raised its holdings in shares of Constellation Brands by 2.9% during the first quarter. United Capital Financial Advisers LLC now owns 1,552 shares of the company’s stock worth $357,000 after purchasing an additional 44 shares during the last quarter. Toth Financial Advisory Corp raised its holdings in shares of Constellation Brands by 0.3% during the third quarter. Toth Financial Advisory Corp now owns 16,237 shares of the company’s stock worth $4,081,000 after purchasing an additional 44 shares during the last quarter. Finally, Bragg Financial Advisors Inc raised its holdings in shares of Constellation Brands by 1.6% during the fourth quarter. Bragg Financial Advisors Inc now owns 2,825 shares of the company’s stock worth $655,000 after purchasing an additional 45 shares during the last quarter. 77.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Constellation Brands

In other news, major shareholder Family Foundation Sands sold 354,616 shares of the company’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $250.26, for a total value of $88,746,200.16. Following the completion of the transaction, the insider now owns 54,461 shares in the company, valued at approximately $13,629,409.86. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 16.19% of the company’s stock.

Constellation Brands Price Performance

Shares of STZ opened at $267.12 on Thursday. Constellation Brands, Inc. has a fifty-two week low of $217.05 and a fifty-two week high of $273.65. The firm’s 50 day moving average price is $254.30 and its 200 day moving average price is $246.50. The company has a market cap of $48.83 billion, a P/E ratio of 31.61, a PEG ratio of 1.85 and a beta of 0.97. The company has a quick ratio of 0.46, a current ratio of 1.05 and a debt-to-equity ratio of 1.05.

Constellation Brands (NYSE:STZGet Free Report) last announced its quarterly earnings data on Friday, January 5th. The company reported $3.19 EPS for the quarter, beating analysts’ consensus estimates of $3.03 by $0.16. Constellation Brands had a net margin of 14.76% and a return on equity of 23.35%. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same period in the prior year, the firm posted $2.83 EPS. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, research analysts forecast that Constellation Brands, Inc. will post 11.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on STZ shares. TheStreet cut shares of Constellation Brands from a “b” rating to a “c+” rating in a report on Friday, January 5th. Argus cut shares of Constellation Brands from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Bank of America lifted their price objective on shares of Constellation Brands from $290.00 to $300.00 and gave the company a “buy” rating in a report on Monday, March 18th. Evercore ISI reaffirmed an “outperform” rating and issued a $300.00 price objective on shares of Constellation Brands in a report on Wednesday, March 27th. Finally, Piper Sandler began coverage on shares of Constellation Brands in a report on Friday, March 22nd. They issued an “overweight” rating and a $300.00 price objective for the company. Four research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Constellation Brands has a consensus rating of “Moderate Buy” and a consensus price target of $290.37.

View Our Latest Analysis on Constellation Brands

About Constellation Brands

(Free Report)

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.

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Institutional Ownership by Quarter for Constellation Brands (NYSE:STZ)

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