Citizens National Bank Trust Department Trims Holdings in Constellation Brands Inc (NYSE:STZ)

Citizens National Bank Trust Department reduced its holdings in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 43.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,428 shares of the company's stock after selling 3,389 shares during the quarter. Citizens National Bank Trust Department's holdings in Constellation Brands were worth $813,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Piscataqua Savings Bank boosted its stake in shares of Constellation Brands by 1.7% during the 1st quarter. Piscataqua Savings Bank now owns 3,720 shares of the company's stock valued at $683,000 after buying an additional 62 shares during the last quarter. Moody National Bank Trust Division boosted its stake in shares of Constellation Brands by 0.9% during the 1st quarter. Moody National Bank Trust Division now owns 6,991 shares of the company's stock valued at $1,283,000 after buying an additional 64 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of Constellation Brands by 3.0% during the 1st quarter. Bessemer Group Inc. now owns 2,242 shares of the company's stock valued at $412,000 after buying an additional 65 shares during the last quarter. Barden Capital Management Inc. boosted its stake in shares of Constellation Brands by 1.3% during the 4th quarter. Barden Capital Management Inc. now owns 5,574 shares of the company's stock valued at $1,232,000 after buying an additional 72 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV raised its position in shares of Constellation Brands by 9.7% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 890 shares of the company's stock valued at $163,000 after acquiring an additional 79 shares in the last quarter. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Constellation Brands

In other news, EVP Samuel J. Glaetzer sold 3,150 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $188.54, for a total transaction of $593,901.00. Following the completion of the sale, the executive vice president now directly owns 3,126 shares of the company's stock, valued at $589,376.04. This trade represents a 50.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 12.45% of the company's stock.

Constellation Brands Trading Up 0.0%

NYSE:STZ opened at $161.34 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.92 and a debt-to-equity ratio of 1.30. Constellation Brands Inc has a 1-year low of $159.35 and a 1-year high of $264.45. The firm has a market capitalization of $28.72 billion, a price-to-earnings ratio of -316.35, a price-to-earnings-growth ratio of 8.92 and a beta of 0.70. The stock has a fifty day simple moving average of $178.84 and a 200 day simple moving average of $185.58.

Constellation Brands (NYSE:STZ - Get Free Report) last released its quarterly earnings results on Wednesday, April 9th. The company reported $2.63 earnings per share for the quarter, beating analysts' consensus estimates of $2.28 by $0.35. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.14 billion. Constellation Brands had a positive return on equity of 29.56% and a negative net margin of 0.74%. Constellation Brands's revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the company posted $2.26 EPS. Sell-side analysts forecast that Constellation Brands Inc will post 13.5 earnings per share for the current year.

Constellation Brands Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Tuesday, April 29th were paid a dividend of $1.02 per share. The ex-dividend date was Tuesday, April 29th. This is an increase from Constellation Brands's previous quarterly dividend of $1.01. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.53%. Constellation Brands's dividend payout ratio (DPR) is -800.00%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on STZ shares. Roth Mkm dropped their price target on Constellation Brands from $284.00 to $256.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. BMO Capital Markets dropped their price target on Constellation Brands from $260.00 to $215.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Piper Sandler upped their price target on Constellation Brands from $165.00 to $170.00 and gave the company a "neutral" rating in a research report on Friday, June 6th. Deutsche Bank Aktiengesellschaft dropped their target price on Constellation Brands from $191.00 to $185.00 and set a "hold" rating on the stock in a research report on Thursday, June 5th. Finally, Royal Bank Of Canada dropped their target price on Constellation Brands from $289.00 to $233.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Eleven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $211.91.

About Constellation Brands

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.

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