Trust Investment Advisors Reduces Position in Constellation Brands, Inc. (NYSE:STZ)

Trust Investment Advisors decreased its position in Constellation Brands, Inc. (NYSE:STZ) by 1.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,488 shares of the company’s stock after selling 55 shares during the period. Trust Investment Advisors’ holdings in Constellation Brands were worth $1,327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Impact Partnership Wealth LLC raised its stake in shares of Constellation Brands by 1,175.0% in the third quarter. Impact Partnership Wealth LLC now owns 102 shares of the company’s stock worth $26,000 after purchasing an additional 94 shares during the last quarter. BKM Wealth Management LLC purchased a new position in Constellation Brands during the 4th quarter worth approximately $28,000. Asset Dedication LLC lifted its stake in Constellation Brands by 3,833.3% during the 3rd quarter. Asset Dedication LLC now owns 118 shares of the company’s stock valued at $30,000 after acquiring an additional 115 shares during the period. Resurgent Financial Advisors LLC purchased a new stake in shares of Constellation Brands in the 4th quarter valued at $34,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Constellation Brands in the 4th quarter valued at $37,000. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Constellation Brands Price Performance

Shares of NYSE STZ traded up $1.37 during midday trading on Thursday, hitting $258.68. The stock had a trading volume of 1,160,749 shares, compared to its average volume of 1,274,331. The company has a quick ratio of 0.53, a current ratio of 1.19 and a debt-to-equity ratio of 1.06. The stock has a 50 day simple moving average of $257.51 and a 200-day simple moving average of $247.13. The company has a market capitalization of $47.29 billion, a PE ratio of 27.62, a P/E/G ratio of 1.74 and a beta of 0.97. Constellation Brands, Inc. has a 1 year low of $221.81 and a 1 year high of $274.87.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Thursday, April 11th. The company reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.16. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.09 billion. Constellation Brands had a return on equity of 23.06% and a net margin of 16.13%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.98 EPS. On average, sell-side analysts expect that Constellation Brands, Inc. will post 13.51 EPS for the current fiscal year.

Constellation Brands Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 3rd will be paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 1.56%. This is a positive change from Constellation Brands’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Thursday, May 2nd. Constellation Brands’s dividend payout ratio (DPR) is 37.95%.

Insider Transactions at Constellation Brands

In related news, EVP James A. Jr. Sabia sold 15,781 shares of the stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $263.63, for a total value of $4,160,345.03. Following the completion of the sale, the executive vice president now owns 20,910 shares of the company’s stock, valued at $5,512,503.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 16.19% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on STZ shares. Argus raised shares of Constellation Brands from a “hold” rating to a “buy” rating and set a $306.00 target price for the company in a report on Monday. Jefferies Financial Group lifted their price objective on Constellation Brands from $292.00 to $314.00 and gave the company a “buy” rating in a research note on Friday, April 12th. HSBC upped their target price on Constellation Brands from $290.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Roth Mkm reiterated a “buy” rating and set a $305.00 price target on shares of Constellation Brands in a research report on Friday, April 12th. Finally, Piper Sandler started coverage on Constellation Brands in a report on Friday, March 22nd. They issued an “overweight” rating and a $300.00 price target for the company. Three investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $298.55.

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 Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Victoria, Vicky Chamoy, and Pacifico brands.