West Oak Capital LLC Has $1.70 Million Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

West Oak Capital LLC grew its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 2.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,683 shares of the company’s stock after purchasing an additional 210 shares during the quarter. West Oak Capital LLC’s holdings in Constellation Brands were worth $1,698,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in STZ. Ashton Thomas Private Wealth LLC acquired a new position in Constellation Brands during the second quarter worth $36,000. Eastern Bank acquired a new position in shares of Constellation Brands during the 3rd quarter worth about $39,000. Versant Capital Management Inc lifted its stake in Constellation Brands by 887.5% in the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock valued at $35,000 after purchasing an additional 142 shares during the last quarter. FSA Wealth Management LLC acquired a new stake in Constellation Brands in the 3rd quarter valued at about $42,000. Finally, Fairfield Financial Advisors LTD bought a new position in Constellation Brands during the second quarter worth about $57,000. Institutional investors own 77.34% of the company’s stock.

Insider Activity at Constellation Brands

In related news, CEO William A. Newlands sold 25,000 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $243.58, for a total transaction of $6,089,500.00. Following the sale, the chief executive officer now owns 7,274 shares of the company’s stock, valued at $1,771,800.92. This trade represents a 77.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert Sands sold 119,274 shares of the company’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $242.37, for a total value of $28,908,439.38. Following the completion of the transaction, the director now directly owns 431,729 shares of the company’s stock, valued at approximately $104,638,157.73. The trade was a 21.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 188,446 shares of company stock valued at $45,687,281 over the last ninety days. 12.19% of the stock is owned by corporate insiders.

Constellation Brands Price Performance

STZ stock opened at $185.84 on Tuesday. The company’s 50-day moving average price is $230.80 and its two-hundred day moving average price is $240.79. Constellation Brands, Inc. has a 12 month low of $176.51 and a 12 month high of $274.87. The company has a quick ratio of 0.53, a current ratio of 1.25 and a debt-to-equity ratio of 1.31. The firm has a market cap of $33.74 billion, a P/E ratio of 60.14, a P/E/G ratio of 1.69 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.08). The firm had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.53 billion. Constellation Brands had a net margin of 5.29% and a return on equity of 25.34%. The firm’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.19 earnings per share. On average, analysts anticipate that Constellation Brands, Inc. will post 13.57 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 2.17%. The ex-dividend date is Friday, February 7th. Constellation Brands’s dividend payout ratio (DPR) is presently 130.74%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Piper Sandler reduced their target price on Constellation Brands from $300.00 to $245.00 and set an “overweight” rating for the company in a research note on Monday. Bank of America reiterated a “neutral” rating and issued a $255.00 price objective (down from $300.00) on shares of Constellation Brands in a report on Monday, October 7th. Royal Bank of Canada restated an “outperform” rating and set a $308.00 target price on shares of Constellation Brands in a research note on Tuesday, January 7th. Evercore ISI lowered their price target on shares of Constellation Brands from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Monday. Finally, Morgan Stanley decreased their target price on Constellation Brands from $280.00 to $220.00 and set an “overweight” rating on the stock in a research report on Monday. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Constellation Brands has an average rating of “Moderate Buy” and an average price target of $268.05.

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.