Cornell Pochily Investment Advisors Inc. Has $1.32 Million Stock Position in Constellation Brands, Inc. (NYSE:STZ)

Cornell Pochily Investment Advisors Inc. lessened its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 3.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 5,449 shares of the company’s stock after selling 185 shares during the quarter. Cornell Pochily Investment Advisors Inc.’s holdings in Constellation Brands were worth $1,317,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Moneta Group Investment Advisors LLC grew its position in Constellation Brands by 84,839.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 3,742,434 shares of the company’s stock valued at $867,309,000 after purchasing an additional 3,738,028 shares during the period. Norges Bank purchased a new stake in Constellation Brands in the 4th quarter valued at $373,796,000. Barclays PLC boosted its holdings in Constellation Brands by 102.0% during the 2nd quarter. Barclays PLC now owns 2,937,570 shares of the company’s stock worth $723,027,000 after acquiring an additional 1,483,668 shares during the last quarter. Morgan Stanley lifted its position in shares of Constellation Brands by 31.3% during the fourth quarter. Morgan Stanley now owns 3,809,273 shares of the company’s stock valued at $882,799,000 after purchasing an additional 908,486 shares in the last quarter. Finally, Darsana Capital Partners LP increased its position in shares of Constellation Brands by 288.9% during the third quarter. Darsana Capital Partners LP now owns 875,000 shares of the company’s stock valued at $219,914,000 after acquiring an additional 650,000 shares during the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Trading Down 0.7 %

NYSE:STZ traded down $1.80 during midday trading on Thursday, reaching $270.24. 121,303 shares of the stock traded hands, compared to its average volume of 1,173,731. The stock has a market capitalization of $49.41 billion, a P/E ratio of 32.20, a PEG ratio of 1.87 and a beta of 0.96. Constellation Brands, Inc. has a 12 month low of $217.05 and a 12 month high of $273.65. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.46 and a current ratio of 1.05. The company has a fifty day moving average of $252.62 and a 200 day moving average of $246.18.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Friday, January 5th. The company reported $3.19 earnings per share for the quarter, topping analysts’ consensus estimates of $3.03 by $0.16. Constellation Brands had a return on equity of 23.35% and a net margin of 14.76%. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same period last year, the company earned $2.83 EPS. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, research analysts predict that Constellation Brands, Inc. will post 11.92 EPS for the current year.

Constellation Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 8th were given a dividend of $0.89 per share. The ex-dividend date was Wednesday, February 7th. This represents a $3.56 dividend on an annualized basis and a yield of 1.32%. Constellation Brands’s dividend payout ratio (DPR) is 42.13%.

Insider Buying and Selling

In other Constellation Brands news, major shareholder Family Foundation Sands sold 354,616 shares of the business’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $250.26, for a total transaction of $88,746,200.16. Following the completion of the sale, the insider now directly owns 54,461 shares in the company, valued at approximately $13,629,409.86. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 16.19% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

STZ has been the topic of a number of research analyst reports. Argus cut shares of Constellation Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Royal Bank of Canada reiterated an “outperform” rating and issued a $295.00 target price on shares of Constellation Brands in a research note on Thursday, March 7th. Evercore ISI reaffirmed an “outperform” rating and issued a $300.00 price objective on shares of Constellation Brands in a report on Wednesday. Piper Sandler started coverage on Constellation Brands in a research report on Friday, March 22nd. They issued an “overweight” rating and a $300.00 price target for the company. Finally, JPMorgan Chase & Co. dropped their price objective on Constellation Brands from $309.00 to $301.00 and set an “overweight” rating on the stock in a report on Thursday, December 21st. Four equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $290.37.

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.