Leeward Investments LLC MA Sells 1,258 Shares of Constellation Brands, Inc. (NYSE:STZ)

Leeward Investments LLC MA lowered its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 2.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 46,795 shares of the company’s stock after selling 1,258 shares during the period. Leeward Investments LLC MA’s holdings in Constellation Brands were worth $11,313,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of STZ. AE Wealth Management LLC lifted its position in Constellation Brands by 32.0% during the third quarter. AE Wealth Management LLC now owns 4,288 shares of the company’s stock worth $1,078,000 after acquiring an additional 1,040 shares during the last quarter. Impact Partnership Wealth LLC lifted its position in Constellation Brands by 1,175.0% during the third quarter. Impact Partnership Wealth LLC now owns 102 shares of the company’s stock worth $26,000 after acquiring an additional 94 shares during the last quarter. Strategic Blueprint LLC lifted its position in Constellation Brands by 5.6% during the third quarter. Strategic Blueprint LLC now owns 1,571 shares of the company’s stock worth $395,000 after acquiring an additional 84 shares during the last quarter. Caprock Group LLC lifted its position in Constellation Brands by 2.7% during the third quarter. Caprock Group LLC now owns 2,578 shares of the company’s stock worth $648,000 after acquiring an additional 68 shares during the last quarter. Finally, Oak Thistle LLC lifted its position in Constellation Brands by 36.9% during the third quarter. Oak Thistle LLC now owns 1,344 shares of the company’s stock worth $338,000 after acquiring an additional 362 shares during the last quarter. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Constellation Brands Price Performance

Shares of NYSE STZ traded down $1.67 during midday trading on Friday, reaching $260.04. 699,882 shares of the company were exchanged, compared to its average volume of 1,253,541. The stock’s 50-day moving average price is $259.80 and its 200-day moving average price is $247.94. The stock has a market cap of $47.54 billion, a P/E ratio of 27.72, a PEG ratio of 1.77 and a beta of 0.97. Constellation Brands, Inc. has a one year low of $221.81 and a one year high of $274.87. The company has a quick ratio of 0.53, a current ratio of 1.19 and a debt-to-equity ratio of 1.06.

Constellation Brands (NYSE:STZ) last posted its earnings results on Thursday, April 11th. The company reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.16. The firm had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.09 billion. Constellation Brands had a net margin of 16.13% and a return on equity of 23.06%. The company’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.98 earnings per share. On average, sell-side analysts anticipate that Constellation Brands, Inc. will post 13.51 earnings per share for the current fiscal year.

Constellation Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be paid a $1.01 dividend. This is a boost from Constellation Brands’s previous quarterly dividend of $0.89. The ex-dividend date is Thursday, May 2nd. This represents a $4.04 annualized dividend and a dividend yield of 1.55%. Constellation Brands’s payout ratio is currently 37.95%.

Analyst Ratings Changes

STZ has been the subject of several research reports. Barclays raised their price objective on shares of Constellation Brands from $294.00 to $295.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. HSBC lifted their price target on shares of Constellation Brands from $290.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Argus upgraded shares of Constellation Brands from a “hold” rating to a “buy” rating and set a $306.00 price target for the company in a research report on Monday, April 15th. Bank of America lifted their price target on shares of Constellation Brands from $290.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Finally, Piper Sandler initiated coverage on shares of Constellation Brands in a research report on Friday, March 22nd. They issued an “overweight” rating and a $300.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $298.55.

Insider Buying and Selling

In related news, CEO William A. Newlands sold 4,013 shares of the business’s stock in a transaction on Friday, April 19th. The shares were sold at an average price of $263.25, for a total value of $1,056,422.25. Following the sale, the chief executive officer now owns 5,395 shares of the company’s stock, valued at $1,420,233.75. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO William A. Newlands sold 4,013 shares of the business’s stock in a transaction on Friday, April 19th. The shares were sold at an average price of $263.25, for a total value of $1,056,422.25. Following the sale, the chief executive officer now owns 5,395 shares of the company’s stock, valued at $1,420,233.75. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP James A. Jr. Sabia sold 15,781 shares of the business’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 in the company, valued at approximately $5,512,503.30. The disclosure for this sale can be found here. 16.19% of the stock is currently owned by insiders.

About Constellation Brands

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.