Constellation Brands Inc $STZ Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its position in Constellation Brands Inc (NYSE:STZ) by 4.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 88,368 shares of the company’s stock after selling 4,089 shares during the quarter. PNC Financial Services Group Inc. owned about 0.05% of Constellation Brands worth $12,191,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Root Financial Partners LLC acquired a new stake in shares of Constellation Brands in the third quarter valued at approximately $26,000. Stance Capital LLC acquired a new stake in shares of Constellation Brands in the third quarter valued at approximately $26,000. GoalVest Advisory LLC acquired a new stake in shares of Constellation Brands in the fourth quarter valued at approximately $28,000. Elyxium Wealth LLC acquired a new stake in shares of Constellation Brands in the fourth quarter valued at approximately $33,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Constellation Brands in the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Price Performance

NYSE STZ opened at $149.50 on Friday. Constellation Brands Inc has a 12 month low of $126.45 and a 12 month high of $186.40. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.08 and a quick ratio of 0.55. The firm has a market capitalization of $25.74 billion, a PE ratio of 15.59, a P/E/G ratio of 3.28 and a beta of 0.43. The company’s 50 day simple moving average is $152.73 and its 200 day simple moving average is $148.61.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Wednesday, April 8th. The company reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.19. Constellation Brands had a net margin of 17.29% and a return on equity of 26.18%. The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the business earned $2.63 earnings per share. The business’s revenue for the quarter was down 11.3% on a year-over-year basis. As a group, equities research analysts forecast that Constellation Brands Inc will post 11.9 EPS for the current fiscal year.

Constellation Brands Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Wednesday, April 29th were given a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.8%. This is a positive change from Constellation Brands’s previous quarterly dividend of $1.02. The ex-dividend date was Wednesday, April 29th. Constellation Brands’s dividend payout ratio (DPR) is presently 42.96%.

Analysts Set New Price Targets

Several equities research analysts have commented on STZ shares. Evercore set a $175.00 price target on shares of Constellation Brands and gave the company an “outperform” rating in a research note on Friday, April 10th. Citigroup restated a “buy” rating on shares of Constellation Brands in a research note on Monday, May 18th. Wells Fargo & Company raised their price objective on shares of Constellation Brands from $180.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, April 10th. Bank of America raised their price objective on shares of Constellation Brands from $142.00 to $154.00 and gave the company an “underperform” rating in a research note on Friday, April 10th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $185.00 price objective on shares of Constellation Brands in a research note on Friday, April 10th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Constellation Brands currently has an average rating of “Moderate Buy” and an average price target of $175.37.

Insider Transactions at Constellation Brands

In other Constellation Brands news, EVP James O. Bourdeau sold 4,407 shares of Constellation Brands stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $143.24, for a total value of $631,258.68. Following the transaction, the executive vice president owned 9,109 shares in the company, valued at approximately $1,304,773.16. The trade was a 32.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 12.45% of the company’s stock.

Constellation Brands Profile

Constellation Brands, Inc is a leading producer and marketer of beer, wine and spirits, with operations spanning production, importation, marketing and distribution. The company’s beverage portfolio includes a range of premium and mainstream wines and spirits alongside major imported beer brands; in the U.S. market Constellation is widely known for its role in bringing Mexican imports such as Corona and Modelo to American consumers. Constellation supplies retail, on‑premise and foodservice channels and supports its brands with national sales and marketing platforms and supply‑chain capabilities.

The company traces its roots to the Canandaigua Wine Company, founded by Marvin Sands in 1945, and evolved through organic growth and acquisition into a diversified beverage company.