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

Crestwood Advisors Group LLC has decreased its ownership in Constellation Brands, Inc. (NYSE:STZ) by 4.0% during the fourth quarter, as noted in their recent filing with the Securities and Exchange Commission (SEC). Following the sale of 5,438 shares, Crestwood now holds 129,219 shares of Constellation Brands. This stake represents approximately 0.07% of the company, valued at about $28,557,000 according to their latest disclosure.

Investor Actions

Other institutional investors have also adjusted their positions regarding Constellation Brands. For instance, Compagnie Lombard Odier SCmA acquired a new stake valued at $27,000 during the fourth quarter. Meanwhile, Union Bancaire Privee UBP SA invested approximately $28,000 in the same timeframe. Additionally, Eastern Bank secured a new position worth around $39,000 in the third quarter. Versant Capital Management Inc saw substantial growth, increasing its stake in Constellation Brands by 887.5% in the recent quarter, now possessing 158 shares worth about $35,000. Centricity Wealth Management LLC also entered the market with a new investment, valued at approximately $35,000.

Currently, institutional investors own 77.34% of Constellation Brands’ shares.

Market Analysts' Perspective

Recent reports from Wall Street analysts reflect varied opinions on Constellation Brands. Wells Fargo & Company revised their price target from $295.00 to $275.00 and retained an "overweight" rating for the stock. Argus changed their recommendation from a "buy" to a "hold". The Royal Bank of Canada reaffirmed an "outperform" rating with a target price of $293.00. StockNews.com upgraded the rating from "sell" to "hold". However, Morgan Stanley lowered their price target from $280.00 to $220.00 while maintaining an "overweight" stance. Overall, MarketBeat indicates that the average rating for Constellation Brands is "Moderate Buy," with an average target price of $254.29.

Company’s Stock Overview

As of Monday, shares of Constellation Brands opened at $176.00. The firm reports a debt-to-equity ratio of 1.26, alongside a current ratio of 1.10 and a quick ratio of 0.46. Over the past year, the stock hit a low of $160.46 and a high of $274.87. The company’s market capitalization stands at $31.81 billion, with a P/E ratio of 47.31 and a PEG ratio of 1.52.

Recent Earnings Performance

Constellation Brands last reported earnings on January 10th, revealing earnings per share (EPS) of $3.25, falling short of analysts' expectations of $3.33. The reported revenue for the quarter was $2.46 billion, which also did not meet the anticipated $2.53 billion. The net margin for the company was noted at 6.27%, with a return on equity of 26.55%. Revenue has decreased by 0.3% year-over-year. Analysts predict that Constellation Brands will achieve an EPS of 13.5 in the current year.

Dividend Distribution

The company has also announced a quarterly dividend of $1.01 per share, which was distributed on February 21st to stockholders who were on record as of February 7th. This results in an annualized dividend of $4.04, equating to a dividend yield of 2.30%. The payout ratio stands at 108.60%.

Insider Transactions

In recent insider activities, Director William T. Giles purchased 1,000 shares of the company on January 17th for an average price of $186.39. This transaction, valued at $186,390, has increased his holdings in the company by 215.98%. The legal filing of this transaction has been disclosed to the SEC, reflecting the director’s increasing commitment to the business. It is noted that insiders hold around 12.19% of the company's stock.

Company Profile

Constellation Brands, Inc., along with its subsidiaries, is engaged in the production, importation, marketing, and sale of beer, wine, and spirits across the United States, Canada, Mexico, New Zealand, and Italy. It markets beer under various popular brands, including Corona Extra and Modelo Especial.

Crestwood, Constellation, Investment