Bryn Mawr Capital Management LLC Reduces Position in Constellation Brands, Inc. (NYSE:STZ)

Bryn Mawr Capital Management LLC trimmed its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,800 shares of the company’s stock after selling 246 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Constellation Brands were worth $7,929,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Darsana Capital Partners LP increased its holdings in Constellation Brands by 288.9% in the third quarter. Darsana Capital Partners LP now owns 875,000 shares of the company’s stock valued at $219,914,000 after buying an additional 650,000 shares during the last quarter. International Assets Investment Management LLC increased its holdings in Constellation Brands by 24,922.5% in the fourth quarter. International Assets Investment Management LLC now owns 567,010 shares of the company’s stock valued at $137,075,000 after buying an additional 564,744 shares during the last quarter. Phoenix Holdings Ltd. increased its holdings in Constellation Brands by 38.3% in the third quarter. Phoenix Holdings Ltd. now owns 551,447 shares of the company’s stock valued at $138,608,000 after buying an additional 152,799 shares during the last quarter. Trexquant Investment LP bought a new stake in Constellation Brands in the third quarter valued at about $30,640,000. Finally, HighTower Advisors LLC increased its holdings in Constellation Brands by 70.0% in the third quarter. HighTower Advisors LLC now owns 218,190 shares of the company’s stock valued at $54,983,000 after buying an additional 89,822 shares during the last quarter. 77.34% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO William A. Newlands sold 4,013 shares of the stock in a transaction on Friday, April 19th. The stock was sold at an average price of $263.25, for a total transaction of $1,056,422.25. Following the completion of the sale, the chief executive officer now owns 5,395 shares in the company, valued at approximately $1,420,233.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP James A. Jr. Sabia sold 15,781 shares of the stock in a transaction on Friday, April 12th. The stock was sold at an average price of $263.63, for a total transaction of $4,160,345.03. Following the completion of the sale, the executive vice president now owns 20,910 shares in the company, valued at approximately $5,512,503.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William A. Newlands sold 4,013 shares of the stock in a transaction on Friday, April 19th. The shares were sold at an average price of $263.25, for a total value of $1,056,422.25. Following the sale, the chief executive officer now owns 5,395 shares of the company’s stock, valued at approximately $1,420,233.75. The disclosure for this sale can be found here. Insiders own 16.19% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on STZ shares. Piper Sandler started coverage on Constellation Brands in a report on Friday, March 22nd. They issued an “overweight” rating and a $300.00 price objective for the company. Jefferies Financial Group lifted their target price on Constellation Brands from $292.00 to $314.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Wedbush restated an “outperform” rating and issued a $300.00 target price on shares of Constellation Brands in a research note on Wednesday, April 10th. HSBC lifted their target price on Constellation Brands from $290.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Finally, Evercore ISI lifted their target price on Constellation Brands from $300.00 to $310.00 and gave the company an “outperform” rating in a research note on Friday, April 12th. Three analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $298.55.

Constellation Brands Stock Performance

STZ opened at $260.04 on Friday. The company has a market capitalization of $47.54 billion, a price-to-earnings ratio of 27.72, a price-to-earnings-growth ratio of 1.77 and a beta of 0.97. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.19 and a quick ratio of 0.53. Constellation Brands, Inc. has a 1-year low of $221.81 and a 1-year high of $274.87. The business has a 50 day moving average price of $259.80 and a two-hundred day moving average price of $247.94.

Constellation Brands (NYSE:STZ) last released its earnings results on Thursday, April 11th. The company reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.16. The firm had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.09 billion. Constellation Brands had a return on equity of 23.06% and a net margin of 16.13%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.98 earnings per share. Research analysts predict that Constellation Brands, Inc. will post 13.51 EPS for the current fiscal year.

Constellation Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Thursday, May 2nd. This is an increase from Constellation Brands’s previous quarterly dividend of $0.89. Constellation Brands’s dividend payout ratio is 37.95%.

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 Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Victoria, Vicky Chamoy, and Pacifico brands.