Constellation Brands Inc (NYSE:STZ) is Savoir Faire Capital Management L.P.'s 8th Largest Position

Savoir Faire Capital Management L.P. decreased its holdings in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 56.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,934 shares of the company's stock after selling 31,284 shares during the period. Constellation Brands makes up about 3.8% of Savoir Faire Capital Management L.P.'s holdings, making the stock its 8th largest holding. Savoir Faire Capital Management L.P.'s holdings in Constellation Brands were worth $4,392,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in STZ. Harbor Capital Advisors Inc. lifted its position in Constellation Brands by 36.4% in the first quarter. Harbor Capital Advisors Inc. now owns 3,051 shares of the company's stock valued at $560,000 after purchasing an additional 815 shares during the last quarter. Golden State Wealth Management LLC increased its stake in shares of Constellation Brands by 137.0% in the first quarter. Golden State Wealth Management LLC now owns 2,204 shares of the company's stock worth $405,000 after buying an additional 1,274 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in Constellation Brands by 28.9% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 7,360 shares of the company's stock valued at $1,351,000 after buying an additional 1,651 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Constellation Brands by 7.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 17,206 shares of the company's stock valued at $3,180,000 after buying an additional 1,185 shares during the period. Finally, Bessemer Group Inc. grew its holdings in Constellation Brands by 3.0% in the 1st quarter. Bessemer Group Inc. now owns 2,242 shares of the company's stock worth $412,000 after acquiring an additional 65 shares during the last quarter. Institutional investors own 77.34% of the company's stock.

Insider Buying and Selling 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 transaction, the executive vice president owned 3,126 shares in the company, valued at $589,376.04. This trade represents a 50.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 12.45% of the stock is currently owned by insiders.

Constellation Brands Stock Performance

Shares of NYSE STZ traded down $0.80 during midday trading on Friday, hitting $170.72. 1,911,327 shares of the stock traded hands, compared to its average volume of 1,948,351. The firm has a 50-day moving average of $173.47 and a two-hundred day moving average of $179.55. The firm has a market capitalization of $30.10 billion, a P/E ratio of -71.43, a PEG ratio of 10.32 and a beta of 1.75. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.68 and a current ratio of 1.07. Constellation Brands Inc has a one year low of $159.35 and a one year high of $261.06.

Constellation Brands (NYSE:STZ - Get Free Report) last posted its quarterly earnings data on Tuesday, July 1st. The company reported $3.22 EPS for the quarter, missing the consensus estimate of $3.45 by ($0.23). The company had revenue of $2.52 billion during the quarter, compared to analysts' expectations of $2.57 billion. Constellation Brands had a positive return on equity of 31.41% and a negative net margin of 4.11%. The company's revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter last year, the company earned $3.57 earnings per share. On average, equities analysts forecast that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Wednesday, July 30th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Wednesday, July 30th. This represents a $4.08 dividend on an annualized basis and a yield of 2.39%. Constellation Brands's payout ratio is presently -170.71%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on STZ shares. Wells Fargo & Company reduced their price target on Constellation Brands from $210.00 to $196.00 and set an "overweight" rating on the stock in a report on Wednesday, June 25th. CJS Securities reduced their price target on Constellation Brands from $196.00 to $194.00 in a report on Monday, May 19th. Roth Capital reduced their price target on Constellation Brands from $256.00 to $239.00 and set a "buy" rating on the stock in a report on Tuesday, May 20th. Piper Sandler boosted their price target on Constellation Brands from $165.00 to $170.00 and gave the company a "neutral" rating in a report on Friday, June 6th. Finally, Raymond James Financial raised Constellation Brands to a "strong-buy" rating in a research report on Monday, July 7th. Eleven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $213.74.

Constellation Brands Company 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.