Constellation Brands, Inc. (NYSE:STZ) Shares Sold by Hutchens & Kramer Investment Management Group LLC

Hutchens & Kramer Investment Management Group LLC lowered its holdings in Constellation Brands, Inc. (NYSE:STZ) by 11.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,330 shares of the company’s stock after selling 311 shares during the quarter. Hutchens & Kramer Investment Management Group LLC’s holdings in Constellation Brands were worth $515,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Curbstone Financial Management Corp raised its stake in shares of Constellation Brands by 5.8% during the 4th quarter. Curbstone Financial Management Corp now owns 1,940 shares of the company’s stock worth $429,000 after buying an additional 106 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its stake in shares of Constellation Brands by 12.0% during the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 9,047 shares of the company’s stock worth $1,999,000 after buying an additional 966 shares during the last quarter. Berkshire Bank raised its stake in shares of Constellation Brands by 51.0% during the 4th quarter. Berkshire Bank now owns 1,510 shares of the company’s stock worth $334,000 after buying an additional 510 shares during the last quarter. Clio Asset Management LLC purchased a new stake in Constellation Brands during the 4th quarter worth about $442,000. Finally, Union Bancaire Privee UBP SA purchased a new stake in Constellation Brands during the 4th quarter worth about $28,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on STZ shares. Truist Financial dropped their price objective on Constellation Brands from $255.00 to $190.00 and set a “hold” rating for the company in a research report on Tuesday, January 14th. Morgan Stanley dropped their price objective on Constellation Brands from $280.00 to $220.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. TD Cowen dropped their price objective on Constellation Brands from $270.00 to $260.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Royal Bank of Canada reiterated an “outperform” rating and set a $308.00 price objective on shares of Constellation Brands in a research report on Tuesday, January 7th. Finally, UBS Group dropped their price objective on Constellation Brands from $265.00 to $223.00 and set a “buy” rating for the company in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $257.14.

Constellation Brands Stock Up 2.6 %

Shares of NYSE:STZ opened at $187.84 on Tuesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. Constellation Brands, Inc. has a 1 year low of $176.51 and a 1 year high of $274.87. The stock has a market capitalization of $33.95 billion, a P/E ratio of 50.49, a PEG ratio of 1.58 and a beta of 0.91. The stock has a 50-day simple moving average of $221.02 and a 200-day simple moving average of $236.20.

Constellation Brands (NYSE:STZ) last issued its 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 26.55% and a net margin of 6.27%. The firm had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.53 billion. During the same quarter in the previous year, the firm posted $3.19 EPS. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. Equities analysts forecast that Constellation Brands, Inc. will post 13.52 earnings per share for the current year.

Constellation Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Friday, February 7th. Constellation Brands’s payout ratio is currently 108.60%.

Insider Buying and Selling

In related news, major shareholder Wildstar Partners Llc sold 660 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total transaction of $159,060.00. Following the transaction, the insider now directly 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director William T. Giles purchased 1,000 shares of Constellation Brands stock in a transaction that occurred on Friday, January 17th. The shares were bought at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the completion of the transaction, the director now directly owns 1,463 shares in the company, valued at $272,688.57. This represents a 215.98 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 61,746 shares of company stock valued at $15,017,097. 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.