Platform Technology Partners Has $1.34 Million Stock Position in Constellation Brands, Inc. (NYSE:STZ)

Platform Technology Partners lifted its holdings in Constellation Brands, Inc. (NYSE:STZ) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,061 shares of the company’s stock after purchasing an additional 214 shares during the period. Platform Technology Partners’ holdings in Constellation Brands were worth $1,340,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of STZ. Union Bancaire Privee UBP SA acquired a new stake in shares of Constellation Brands in the fourth quarter worth about $28,000. Versant Capital Management Inc boosted its position in Constellation Brands by 887.5% during the fourth quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock worth $35,000 after purchasing an additional 142 shares during the period. Eastern Bank acquired a new position in Constellation Brands during the third quarter valued at approximately $39,000. FSA Wealth Management LLC bought a new position in shares of Constellation Brands in the third quarter valued at approximately $42,000. Finally, Truvestments Capital LLC bought a new position in shares of Constellation Brands in the third quarter valued at approximately $60,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Insider Transactions at Constellation Brands

In other Constellation Brands news, major shareholder Wildstar Partners Llc sold 660 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total value of $159,060.00. Following the transaction, the insider now owns 1,736,884 shares of the company’s stock, valued at approximately $418,589,044. The trade was a 0.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP James A. Jr. Sabia sold 36,086 shares of the firm’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $242.99, for a total value of $8,768,537.14. Following the completion of the sale, the executive vice president now owns 16,042 shares of the company’s stock, valued at approximately $3,898,045.58. This trade represents a 69.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 61,746 shares of company stock valued at $15,017,097. Corporate insiders own 12.19% of the company’s stock.

Constellation Brands Price Performance

Constellation Brands stock opened at $169.05 on Friday. The business has a 50 day simple moving average of $210.28 and a 200 day simple moving average of $231.88. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. The company has a market capitalization of $30.55 billion, a PE ratio of 45.44, a price-to-earnings-growth ratio of 1.59 and a beta of 0.90. Constellation Brands, Inc. has a one year low of $166.02 and a one year high of $274.87.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Friday, January 10th. The company reported $3.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same period in the previous year, the business posted $3.19 earnings per share. The firm’s revenue was down .3% compared to the same quarter last year. On average, sell-side analysts forecast that Constellation Brands, Inc. will post 13.52 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a dividend of $1.01 per share. The ex-dividend date is Friday, February 7th. This represents a $4.04 annualized dividend and a yield of 2.39%. Constellation Brands’s dividend payout ratio is 108.60%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on STZ shares. Argus lowered shares of Constellation Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. StockNews.com downgraded Constellation Brands from a “hold” rating to a “sell” rating in a research report on Wednesday. Wells Fargo & Company cut their price objective on Constellation Brands from $295.00 to $275.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $201.00 target price (down previously from $310.00) on shares of Constellation Brands in a report on Monday, January 13th. Finally, TD Cowen cut their price target on Constellation Brands from $270.00 to $260.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $254.29.

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.