Constellation Brands, Inc. (NYSE:STZ) Shares Sold by Metis Global Partners LLC

Metis Global Partners LLC reduced its stake in Constellation Brands, Inc. (NYSE:STZ) by 4.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,646 shares of the company’s stock after selling 276 shares during the period. Metis Global Partners LLC’s holdings in Constellation Brands were worth $1,365,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. BKM Wealth Management LLC acquired a new stake in shares of Constellation Brands during the fourth quarter valued at about $28,000. Asset Dedication LLC grew its stake in shares of Constellation Brands by 3,833.3% during the third quarter. Asset Dedication LLC now owns 118 shares of the company’s stock valued at $30,000 after acquiring an additional 115 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Constellation Brands during the fourth quarter valued at about $37,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Constellation Brands during the third quarter valued at about $41,000. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Constellation Brands during the fourth quarter valued at about $45,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Bank of America raised their target price on Constellation Brands from $290.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Argus upgraded Constellation Brands from a “hold” rating to a “buy” rating and set a $306.00 target price for the company in a research note on Monday, April 15th. HSBC boosted their price objective on Constellation Brands from $290.00 to $300.00 and gave the company a “buy” rating in a report on Friday, April 12th. Wedbush restated an “outperform” rating and set a $300.00 price objective on shares of Constellation Brands in a research note on Wednesday, April 10th. Finally, Jefferies Financial Group upped their price objective on Constellation Brands from $292.00 to $314.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Three investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, Constellation Brands has an average rating of “Moderate Buy” and an average price target of $298.55.

Insider Transactions at Constellation Brands

In other news, EVP James A. Jr. Sabia sold 15,781 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $263.63, for a total transaction of $4,160,345.03. Following the completion of the sale, the executive vice president now directly owns 20,910 shares of the company’s stock, valued at approximately $5,512,503.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, EVP James A. Jr. Sabia sold 15,781 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $263.63, for a total transaction of $4,160,345.03. Following the completion of the sale, the executive vice president now directly owns 20,910 shares of the company’s stock, valued at approximately $5,512,503.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Michael Mcgrew sold 3,237 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $255.50, for a total value of $827,053.50. Following the sale, the executive vice president now directly owns 1,731 shares of the company’s stock, valued at $442,270.50. The disclosure for this sale can be found here. Insiders sold a total of 23,031 shares of company stock valued at $6,043,821 in the last three months. 16.19% of the stock is currently owned by corporate insiders.

Constellation Brands Stock Down 0.1 %

Shares of Constellation Brands stock opened at $258.36 on Thursday. Constellation Brands, Inc. has a twelve month low of $223.01 and a twelve month high of $274.87. The stock has a market capitalization of $47.27 billion, a price-to-earnings ratio of 27.54, a PEG ratio of 1.73 and a beta of 1.75. The business’s 50 day simple moving average is $261.27 and its 200-day simple moving average is $249.24. The company has a current ratio of 1.19, a quick ratio of 0.53 and a debt-to-equity ratio of 1.06.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Thursday, April 11th. The company reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.16. The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.09 billion. Constellation Brands had a return on equity of 23.06% and a net margin of 16.13%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the company posted $1.98 EPS. Equities research analysts forecast that Constellation Brands, Inc. will post 13.51 earnings per share for the current year.

Constellation Brands Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 3rd will be paid a dividend of $1.01 per share. This is a positive change from Constellation Brands’s previous quarterly dividend of $0.89. This represents a $4.04 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Thursday, May 2nd. Constellation Brands’s dividend payout ratio (DPR) is presently 43.07%.

Constellation Brands 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.