Crestwood Advisors Group LLC Reduces Stake in Constellation Brands, Inc.

Crestwood Advisors Group LLC has reduced its stake in Constellation Brands, Inc. (NYSE:STZ) by 4.0% during the fourth quarter. This information was disclosed by the company in its latest filing with the Securities and Exchange Commission (SEC). After selling 5,438 shares, Crestwood Advisors now holds 129,219 shares of Constellation Brands, which is approximately 0.07% of the company's total stock. As of the most recent SEC filing, these shares are valued at around $28,557,000.

In addition to Crestwood Advisors, several other institutional investors have adjusted their positions in Constellation Brands. Compagnie Lombard Odier SCmA acquired a new stake in the firm, valuing around $27,000. Similarly, Union Bancaire Privee UBP SA purchased a stake worth about $28,000 during the same period. Eastern Bank also entered a position during the third quarter, investing approximately $39,000. Versant Capital Management Inc significantly increased its holdings by 887.5% to now own 158 shares worth $35,000 after acquiring an additional 142 shares. Finally, Centricity Wealth Management LLC also invested roughly $35,000 in Constellation Brands. Currently, institutional investors collectively own 77.34% of the company's shares.

Wall Street Analysts Provide Insights

Recent analyses indicate varying forecasts for Constellation Brands. Wells Fargo & Company has reduced their price target for the stock from $295.00 to $275.00 while maintaining an "overweight" rating. Argus, on the other hand, downgraded Constellation Brands from a "buy" to a "hold" rating. Meanwhile, the Royal Bank of Canada has reiterated an "outperform" rating, with a target price of $293.00. In a more recent report, StockNews.com upgraded the stock from a "sell" to a "hold" rating. Morgan Stanley adjusted their price target down from $280.00 to $220.00, while also labeling the stock as "overweight". In conclusion, a consensus of ten analysts rate the stock as a hold, while twelve analysts recommend a buy, resulting in an overall rating of "Moderate Buy" with an average target price of $254.29.

Stock Performance Overview

On Monday, Constellation Brands shares (STZ) opened at $176.00. The company currently has a debt-to-equity ratio of 1.26 and a current ratio of 1.10, with a quick ratio of 0.46. Over the last year, the stock has experienced a low of $160.46 and a high of $274.87. With a market capitalization of $31.81 billion, it has a P/E ratio of 47.31, a PEG ratio of 1.52, and a beta of 1.75. Furthermore, moving averages for the firm stand at $194.29 for the 50-day and $225.71 for the 200-day periods.

Latest Earnings and Dividend Updates

In its recent quarterly earnings report released on January 10th, Constellation Brands reported earnings of $3.25 per share, which fell short of analyst expectations of $3.33 by $0.08. The company reported quarterly revenue of $2.46 billion, slightly below the consensus estimate of $2.53 billion. This is a decrease of 0.3% compared to the same period last year. Analysts predict that Constellation Brands, Inc. will achieve an EPS of 13.5 for the current year.

Moreover, the company has announced a quarterly dividend, which was paid out on February 21st. Shareholders of record on February 7th received a dividend of $1.01 per share, translating to an annualized dividend of $4.04 and a yield of 2.30%. The payout ratio for Constellation Brands stands at 108.60%.

Insider Trading Activity

In insider news, Director William T. Giles purchased 1,000 shares of Constellation Brands’ stock on January 17th for an average price of $186.39 per share, totaling a value of $186,390. Following this purchase, Giles now owns 1,463 shares worth approximately $272,688.57, marking a 215.98% increase in his position. This transaction has been formally disclosed in a filing with the SEC, which is available for public review. Insiders currently hold 12.19% of the company's stock.

Company Overview

Constellation Brands, Inc. operates within the alcoholic beverage sector, producing, importing, and marketing beer, wine, and spirits across the United States, Canada, Mexico, New Zealand, and Italy. The company is well-known for its brands, particularly in the beer segment, which includes popular names such as Corona Extra, Corona Familiar, Modelo Especial, and many others.

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