Coastline Trust Co Has $672,000 Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

Coastline Trust Co cut its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 9.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,040 shares of the company’s stock after selling 310 shares during the quarter. Coastline Trust Co’s holdings in Constellation Brands were worth $672,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. World Investment Advisors LLC lifted its position in shares of Constellation Brands by 36.6% during the 3rd quarter. World Investment Advisors LLC now owns 2,550 shares of the company’s stock worth $657,000 after buying an additional 683 shares during the last quarter. Arvest Bank Trust Division bought a new position in Constellation Brands during the 3rd quarter valued at $243,000. Wilmington Savings Fund Society FSB grew its holdings in shares of Constellation Brands by 260.7% in the third quarter. Wilmington Savings Fund Society FSB now owns 20,495 shares of the company’s stock valued at $5,281,000 after acquiring an additional 14,813 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new stake in Constellation Brands in the third quarter worth $223,000. Finally, Copley Financial Group Inc. purchased a new stake in shares of Constellation Brands during the 3rd quarter valued at approximately $455,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company lowered their price objective on shares of Constellation Brands from $230.00 to $210.00 and set an “overweight” rating for the company in a report on Wednesday, April 2nd. Roth Capital dropped their price target on Constellation Brands from $298.00 to $284.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. Jefferies Financial Group reiterated a “hold” rating and set a $201.00 price objective (down previously from $310.00) on shares of Constellation Brands in a research report on Monday, January 13th. UBS Group decreased their price objective on shares of Constellation Brands from $265.00 to $223.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Constellation Brands from $203.00 to $194.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $224.42.

Constellation Brands Stock Up 1.9 %

Shares of NYSE:STZ opened at $186.58 on Friday. The stock has a 50-day simple moving average of $178.56 and a 200-day simple moving average of $206.89. The stock has a market capitalization of $33.72 billion, a P/E ratio of 50.16, a PEG ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a 1 year low of $160.46 and a 1 year high of $265.70. 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 (NYSE:STZ) last announced its earnings results on Wednesday, April 9th. The company reported $2.63 EPS for the quarter, beating the consensus estimate of $2.28 by $0.35. The business had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.14 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The company’s revenue was up 1.2% on a year-over-year basis. During the same period last year, the business posted $2.26 EPS. Equities analysts forecast that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 29th will be given a $1.02 dividend. This is a boost from Constellation Brands’s previous quarterly dividend of $1.01. The ex-dividend date is Tuesday, April 29th. This represents a $4.08 annualized dividend and a yield of 2.19%. Constellation Brands’s dividend payout ratio is -800.00%.

Constellation Brands 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.