Kavar Capital Partners Group LLC Sells 14,987 Shares of Constellation Brands Inc $STZ

Kavar Capital Partners Group LLC trimmed its stake in Constellation Brands Inc (NYSE:STZ - Free Report) by 90.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,591 shares of the company's stock after selling 14,987 shares during the period. Kavar Capital Partners Group LLC's holdings in Constellation Brands were worth $259,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC boosted its stake in Constellation Brands by 23.0% in the fourth quarter. Brighton Jones LLC now owns 1,001 shares of the company's stock worth $221,000 after buying an additional 187 shares in the last quarter. GAMMA Investing LLC boosted its stake in Constellation Brands by 7,602.6% in the first quarter. GAMMA Investing LLC now owns 396,220 shares of the company's stock worth $72,714,000 after buying an additional 391,076 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its stake in Constellation Brands by 28.4% in the first quarter. Fifth Third Wealth Advisors LLC now owns 4,213 shares of the company's stock worth $773,000 after buying an additional 932 shares in the last quarter. Czech National Bank boosted its stake in Constellation Brands by 5.4% in the first quarter. Czech National Bank now owns 35,694 shares of the company's stock worth $6,551,000 after buying an additional 1,843 shares in the last quarter. Finally, NBC Securities Inc. boosted its stake in Constellation Brands by 143,300.0% in the first quarter. NBC Securities Inc. now owns 1,434 shares of the company's stock worth $263,000 after buying an additional 1,433 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors.

Constellation Brands Price Performance

Shares of Constellation Brands stock opened at $136.37 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 1.30. The company has a market cap of $24.04 billion, a PE ratio of -57.06, a P/E/G ratio of 0.40 and a beta of 1.75. The business has a 50 day moving average of $156.65 and a 200 day moving average of $170.50. Constellation Brands Inc has a 52 week low of $131.20 and a 52 week high of $261.06.

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on STZ shares. Barclays reaffirmed an "equal weight" rating and issued a $150.00 target price (down previously from $202.00) on shares of Constellation Brands in a research note on Friday, September 12th. Sanford C. Bernstein cut their target price on Constellation Brands from $225.00 to $195.00 and set an "outperform" rating for the company in a research note on Thursday, September 4th. Morgan Stanley cut their target price on Constellation Brands from $195.00 to $176.00 and set an "equal weight" rating for the company in a research note on Wednesday, September 3rd. BMO Capital Markets dropped their price objective on Constellation Brands from $215.00 to $190.00 and set an "outperform" rating for the company in a research note on Thursday, September 4th. Finally, BNP Paribas lowered Constellation Brands from a "hold" rating to a "strong sell" rating in a research note on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $191.28.

Insider Activity at Constellation Brands

In related news, EVP James O. Bourdeau sold 821 shares of the company's stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $169.00, for a total transaction of $138,749.00. Following the completion of the transaction, the executive vice president owned 9,438 shares in the company, valued at $1,595,022. This represents a 8.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.45% of the stock is currently owned by corporate insiders.

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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