Sanibel Captiva Trust Company Inc. Buys 1,147 Shares of Constellation Brands, Inc. (NYSE:STZ)

Sanibel Captiva Trust Company Inc. increased its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,356 shares of the company’s stock after purchasing an additional 1,147 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in Constellation Brands were worth $3,615,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Versant Capital Management Inc raised its position in shares of Constellation Brands by 887.5% in the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock valued at $35,000 after buying an additional 142 shares in the last quarter. Eastern Bank bought a new position in Constellation Brands in the third quarter valued at approximately $39,000. FSA Wealth Management LLC acquired a new position in Constellation Brands during the third quarter valued at approximately $42,000. Truvestments Capital LLC bought a new stake in Constellation Brands during the third quarter worth $60,000. Finally, Continuum Advisory LLC boosted its holdings in shares of Constellation Brands by 68.0% in the 3rd quarter. Continuum Advisory LLC now owns 252 shares of the company’s stock valued at $61,000 after purchasing an additional 102 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Constellation Brands Price Performance

Constellation Brands stock opened at $184.05 on Friday. The stock’s 50 day moving average is $227.76 and its 200 day moving average is $239.46. Constellation Brands, Inc. has a one year low of $176.51 and a one year high of $274.87. The firm has a market cap of $33.42 billion, a P/E ratio of 49.48, a P/E/G ratio of 1.28 and a beta of 0.91. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.25 and a quick ratio of 0.53.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results 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 return on equity of 25.34% and a net margin of 5.29%. The firm had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.53 billion. During the same quarter last year, the firm posted $3.19 EPS. The firm’s revenue for the quarter was down .3% on a year-over-year basis. As a group, research analysts expect that Constellation Brands, Inc. will post 13.72 EPS for the current year.

Constellation Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a dividend of $1.01 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a yield of 2.20%. Constellation Brands’s payout ratio is currently 108.60%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on STZ shares. JPMorgan Chase & Co. reissued a “neutral” rating and set a $203.00 price target (down previously from $262.00) on shares of Constellation Brands in a report on Monday, January 13th. Royal Bank of Canada reissued an “outperform” rating and set a $308.00 target price on shares of Constellation Brands in a research note on Tuesday, January 7th. StockNews.com downgraded shares of Constellation Brands from a “hold” rating to a “sell” rating in a research note on Friday. Roth Capital lowered their price objective on shares of Constellation Brands from $298.00 to $284.00 and set a “buy” rating for the company in a research report on Friday. Finally, Morgan Stanley dropped their price objective on shares of Constellation Brands from $280.00 to $220.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Constellation Brands has a consensus rating of “Moderate Buy” and a consensus target price of $259.05.

Insider Transactions at Constellation Brands

In other news, major shareholder Wildstar Partners Llc sold 660 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $241.00, for a total transaction of $159,060.00. Following the completion of the sale, the insider now owns 1,736,884 shares of the company’s stock, valued at $418,589,044. This trade represents a 0.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO William A. Newlands sold 7,426 shares of Constellation Brands stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $237.24, for a total transaction of $1,761,744.24. Following the completion of the sale, the chief executive officer now owns 7,274 shares of the company’s stock, valued at $1,725,683.76. This represents a 50.52 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 69,172 shares of company stock valued at $16,778,841. Corporate insiders own 12.19% of the company’s stock.

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.