Constellation Brands, Inc. (NYSE:STZ) Shares Sold by Cornell Pochily Investment Advisors Inc.

Cornell Pochily Investment Advisors Inc. trimmed its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 5.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,232 shares of the company’s stock after selling 279 shares during the quarter. Cornell Pochily Investment Advisors Inc.’s holdings in Constellation Brands were worth $1,156,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in STZ. Clio Asset Management LLC acquired a new stake in shares of Constellation Brands in the fourth quarter worth approximately $442,000. Union Bancaire Privee UBP SA acquired a new stake in Constellation Brands during the fourth quarter worth about $28,000. Blue Trust Inc. increased its holdings in shares of Constellation Brands by 79.0% during the 4th quarter. Blue Trust Inc. now owns 1,828 shares of the company’s stock worth $404,000 after buying an additional 807 shares during the last quarter. Patton Albertson Miller Group LLC raised its position in Constellation Brands by 7.0% in the fourth quarter. Patton Albertson Miller Group LLC now owns 25,960 shares of the company’s stock valued at $5,737,000 after purchasing an additional 1,702 shares during the period. Finally, Flagship Harbor Advisors LLC lifted its position in Constellation Brands by 17.9% in the fourth quarter. Flagship Harbor Advisors LLC now owns 1,926 shares of the company’s stock valued at $426,000 after buying an additional 292 shares during the last quarter. 77.34% of the stock is owned by hedge funds and other institutional investors.

Constellation Brands Stock Up 1.9 %

Shares of NYSE:STZ opened at $182.99 on Monday. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. The firm has a 50 day simple moving average of $221.02 and a 200-day simple moving average of $236.20. The company has a market capitalization of $33.07 billion, a PE ratio of 49.19, a P/E/G ratio of 1.58 and a beta of 0.91. Constellation Brands, Inc. has a twelve month low of $176.51 and a twelve month high of $274.87.

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

Constellation Brands Dividend Announcement

The business 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. This represents a $4.04 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Friday, February 7th. Constellation Brands’s dividend payout ratio is presently 108.60%.

Wall Street Analyst Weigh In

Several research firms have recently commented on STZ. Morgan Stanley lowered their price target 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. Piper Sandler dropped their target price on Constellation Brands from $300.00 to $245.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Jefferies Financial Group reissued a “hold” rating and set a $201.00 price target (down previously from $310.00) on shares of Constellation Brands in a research report on Monday, January 13th. Needham & Company LLC restated a “buy” rating and issued a $280.00 price objective on shares of Constellation Brands in a report on Friday, January 10th. Finally, Roth Mkm reiterated a “buy” rating and set a $298.00 target price on shares of Constellation Brands in a report on Friday, October 4th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Constellation Brands presently has an average rating of “Moderate Buy” and an average price target of $259.05.

Insiders Place Their Bets

In related news, EVP James A. Jr. Sabia sold 36,086 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $242.99, for a total transaction of $8,768,537.14. Following the completion of the transaction, the executive vice president now directly owns 16,042 shares of the company’s stock, valued at $3,898,045.58. This represents a 69.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Wildstar Partners Llc sold 660 shares of the stock in a transaction that occurred 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 directly owns 1,736,884 shares of the company’s stock, valued at approximately $418,589,044. This trade represents a 0.04 % decrease in their ownership of the stock. 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. 12.19% of the stock is owned by company insiders.

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.