Constellation Brands, Inc. (STZ) Holdings Cut by SVA Plumb Wealth Management LLC

SVA Plumb Wealth Management LLC decreased its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 2.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,507 shares of the company’s stock after selling 1,472 shares during the period. Constellation Brands makes up about 1.3% of SVA Plumb Wealth Management LLC’s holdings, making the stock its 15th biggest position. SVA Plumb Wealth Management LLC’s holdings in Constellation Brands were worth $11,087,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Standard Life Aberdeen plc increased its position in Constellation Brands by 2.0% during the 4th quarter. Standard Life Aberdeen plc now owns 37,754 shares of the company’s stock worth $8,630,000 after purchasing an additional 729 shares during the period. First Republic Investment Management Inc. increased its position in Constellation Brands by 9.1% during the 4th quarter. First Republic Investment Management Inc. now owns 195,153 shares of the company’s stock worth $44,606,000 after purchasing an additional 16,350 shares during the period. Norinchukin Bank The increased its position in Constellation Brands by 7.7% during the 4th quarter. Norinchukin Bank The now owns 13,774 shares of the company’s stock worth $3,148,000 after purchasing an additional 979 shares during the period. FDx Advisors Inc. increased its position in Constellation Brands by 27.5% during the 4th quarter. FDx Advisors Inc. now owns 2,233 shares of the company’s stock worth $510,000 after purchasing an additional 481 shares during the period. Finally, Ontario Teachers Pension Plan Board increased its position in Constellation Brands by 5.1% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 43,163 shares of the company’s stock worth $9,866,000 after purchasing an additional 2,092 shares during the period. Institutional investors own 75.68% of the company’s stock.

In related news, Director Barry A. Fromberg sold 2,005 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $220.42, for a total value of $441,942.10. Following the sale, the director now owns 20,790 shares of the company’s stock, valued at approximately $4,582,531.80. The transaction was disclosed in a filing with the SEC, which is available through this link. 15.59% of the stock is currently owned by corporate insiders.

STZ has been the topic of a number of research reports. Credit Suisse Group upped their price target on Constellation Brands from $211.00 to $226.00 and gave the stock a “neutral” rating in a report on Tuesday, January 9th. Susquehanna Bancshares set a $207.00 price target on Constellation Brands and gave the stock a “hold” rating in a report on Monday, January 1st. Deutsche Bank initiated coverage on Constellation Brands in a report on Wednesday, December 13th. They issued a “buy” rating and a $244.00 price target on the stock. Wells Fargo & Co upped their price target on Constellation Brands from $235.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, January 4th. Finally, Barclays initiated coverage on Constellation Brands in a report on Wednesday, January 10th. They issued an “overweight” rating and a $255.00 price target on the stock. Six research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. Constellation Brands has an average rating of “Buy” and an average price target of $237.77.

Shares of Constellation Brands, Inc. (NYSE:STZ) opened at $213.11 on Friday. Constellation Brands, Inc. has a 52 week low of $153.28 and a 52 week high of $229.50. The company has a quick ratio of 0.54, a current ratio of 1.40 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $41,627.05, a P/E ratio of 23.21, a P/E/G ratio of 1.32 and a beta of 0.11.

Constellation Brands (NYSE:STZ) last posted its earnings results on Friday, January 5th. The company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.13. Constellation Brands had a return on equity of 22.04% and a net margin of 22.55%. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the prior year, the company earned $1.96 EPS. equities analysts forecast that Constellation Brands, Inc. will post 8.53 earnings per share for the current year.

Constellation Brands declared that its Board of Directors has authorized a share repurchase program on Friday, January 5th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 9th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Thursday, February 8th. Constellation Brands’s payout ratio is currently 10.13%.

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Constellation Brands Company Profile

Constellation Brands, Inc is an international beverage alcohol company. The Company is a producer and marketer of beer, wine and spirits with operations in the United States, Canada, Mexico, New Zealand and Italy. Its segments include Beer, Wine and Spirits, and Corporate Operations and Other. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States.

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

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