Atlantic Union Bankshares Corp lifted its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,330 shares of the company’s stock after buying an additional 240 shares during the period. Atlantic Union Bankshares Corp’s holdings in Constellation Brands were worth $1,201,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Maverick Capital Ltd. lifted its position in Constellation Brands by 22.0% in the second quarter. Maverick Capital Ltd. now owns 24,420 shares of the company’s stock valued at $4,809,000 after purchasing an additional 4,410 shares during the period. Cypress Capital Management LLC lifted its position in Constellation Brands by 2.1% in the third quarter. Cypress Capital Management LLC now owns 9,945 shares of the company’s stock valued at $2,061,000 after purchasing an additional 205 shares during the period. Private Advisor Group LLC lifted its position in Constellation Brands by 26.0% in the second quarter. Private Advisor Group LLC now owns 22,416 shares of the company’s stock valued at $4,415,000 after purchasing an additional 4,625 shares during the period. Chesapeake Wealth Management lifted its position in Constellation Brands by 19.0% in the third quarter. Chesapeake Wealth Management now owns 1,343 shares of the company’s stock valued at $278,000 after purchasing an additional 214 shares during the period. Finally, Evoke Wealth LLC acquired a new stake in Constellation Brands in the third quarter valued at about $79,000. Hedge funds and other institutional investors own 71.99% of the company’s stock.

Shares of STZ opened at $190.83 on Wednesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.41 and a quick ratio of 0.86. The firm has a 50 day simple moving average of $186.40 and a 200-day simple moving average of $194.34. Constellation Brands, Inc. has a 1-year low of $157.14 and a 1-year high of $214.48. The stock has a market cap of $36.10 billion, a price-to-earnings ratio of 20.56, a price-to-earnings-growth ratio of 2.65 and a beta of 0.64.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Wednesday, January 8th. The company reported $2.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.84 by $0.30. Constellation Brands had a net margin of 9.21% and a return on equity of 14.15%. The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same period last year, the company posted $2.37 EPS. The company’s revenue was up 1.0% on a year-over-year basis. On average, equities analysts expect that Constellation Brands, Inc. will post 8.7 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 11th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.57%. Constellation Brands’s dividend payout ratio (DPR) is 10.02%.

In other news, EVP Robert Lee Hanson sold 4,056 shares of the firm’s stock in a transaction that occurred on Thursday, January 9th. The shares were sold at an average price of $195.00, for a total transaction of $790,920.00. Following the completion of the transaction, the executive vice president now directly owns 8,591 shares of the company’s stock, valued at approximately $1,675,245. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO David Eric Klein sold 36,488 shares of the firm’s stock in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of $195.48, for a total transaction of $7,132,674.24. Following the transaction, the chief financial officer now directly owns 45,380 shares of the company’s stock, valued at $8,870,882.40. The disclosure for this sale can be found here. Company insiders own 15.86% of the company’s stock.

A number of equities research analysts recently commented on the stock. Argus downgraded shares of Constellation Brands from a “buy” rating to a “hold” rating in a research report on Friday, January 10th. Cowen restated a “buy” rating and issued a $240.00 price objective on shares of Constellation Brands in a research report on Friday, December 6th. BMO Capital Markets raised their price objective on shares of Constellation Brands from $225.00 to $230.00 and gave the company an “outperform” rating in a research report on Tuesday, September 17th. Hanson restated a “sell” rating on shares of Constellation Brands in a research report on Friday, January 10th. Finally, OTR Global upgraded shares of Constellation Brands to a “positive” rating in a research report on Friday, September 27th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company’s stock. Constellation Brands has an average rating of “Hold” and a consensus price target of $226.83.

About Constellation Brands

Constellation Brands, Inc, together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. It provides beer primarily under the Corona Extra, Corona Light, Corona Premier, Corona Familiar Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands, as well as Funky Buddha, Four Corners, and Ballast Point brands.

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Institutional Ownership by Quarter for Constellation Brands (NYSE:STZ)

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