Stephens Inc. AR Boosts Stock Position in Constellation Brands, Inc. (NYSE:STZ)

Stephens Inc. AR boosted its holdings in shares of Constellation Brands, Inc. (NYSE:STZFree Report) by 11.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 48,375 shares of the company’s stock after acquiring an additional 5,018 shares during the quarter. Stephens Inc. AR’s holdings in Constellation Brands were worth $11,695,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Constellation Brands by 15.3% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 32,433 shares of the company’s stock valued at $8,151,000 after purchasing an additional 4,311 shares in the last quarter. Perigon Wealth Management LLC raised its position in Constellation Brands by 46.0% during the 4th quarter. Perigon Wealth Management LLC now owns 6,012 shares of the company’s stock valued at $1,453,000 after purchasing an additional 1,893 shares in the last quarter. Stifel Financial Corp raised its position in Constellation Brands by 3.2% during the 4th quarter. Stifel Financial Corp now owns 192,585 shares of the company’s stock valued at $46,570,000 after purchasing an additional 5,951 shares in the last quarter. CoreCap Advisors LLC raised its position in Constellation Brands by 35.8% during the 4th quarter. CoreCap Advisors LLC now owns 2,002 shares of the company’s stock valued at $484,000 after purchasing an additional 528 shares in the last quarter. Finally, Ascent Wealth Partners LLC bought a new stake in Constellation Brands during the 4th quarter valued at $962,000. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Insider Buying and Selling at Constellation Brands

In other Constellation Brands news, CEO William A. Newlands sold 4,013 shares of the business’s stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $263.25, for a total transaction of $1,056,422.25. Following the sale, the chief executive officer now owns 5,395 shares in the company, valued at approximately $1,420,233.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO William A. Newlands sold 4,013 shares of the company’s stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $263.25, for a total value of $1,056,422.25. Following the sale, the chief executive officer now owns 5,395 shares in the company, valued at $1,420,233.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William A. Newlands sold 25,000 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $261.54, for a total value of $6,538,500.00. Following the completion of the sale, the chief executive officer now owns 14,700 shares in the company, valued at approximately $3,844,638. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,031 shares of company stock worth $12,582,321. 16.19% of the stock is currently owned by insiders.

Constellation Brands Trading Up 0.3 %

Shares of NYSE:STZ opened at $250.93 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.19 and a quick ratio of 0.53. The business’s 50-day moving average is $256.69 and its 200 day moving average is $251.39. The firm has a market capitalization of $45.92 billion, a P/E ratio of 26.75, a P/E/G ratio of 1.69 and a beta of 0.89. Constellation Brands, Inc. has a 1 year low of $227.50 and a 1 year high of $274.87.

Constellation Brands (NYSE:STZGet Free Report) last posted its quarterly earnings results on Thursday, April 11th. The company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.16. The business had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.09 billion. Constellation Brands had a return on equity of 23.06% and a net margin of 16.13%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.98 EPS. On average, research analysts predict that Constellation Brands, Inc. will post 13.54 earnings per share for the current fiscal year.

Constellation Brands Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Friday, May 3rd were paid a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend was Thursday, May 2nd. This is an increase from Constellation Brands’s previous quarterly dividend of $0.89. Constellation Brands’s payout ratio is presently 43.07%.

Wall Street Analyst Weigh In

STZ has been the subject of a number of research analyst reports. Piper Sandler initiated coverage on Constellation Brands in a research report on Friday, March 22nd. They set an “overweight” rating and a $300.00 target price for the company. Evercore ISI boosted their price target on Constellation Brands from $300.00 to $310.00 and gave the stock an “outperform” rating in a research report on Friday, April 12th. Wedbush reissued an “outperform” rating and issued a $300.00 price target on shares of Constellation Brands in a research report on Wednesday, April 10th. Bank of America boosted their price target on Constellation Brands from $290.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Finally, Barclays reduced their price target on Constellation Brands from $295.00 to $288.00 and set an “overweight” rating for the company in a research report on Wednesday, May 29th. Three investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Constellation Brands presently has an average rating of “Moderate Buy” and a consensus price target of $298.20.

Get Our Latest Stock Analysis on Constellation Brands

About Constellation Brands

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Constellation Brands (NYSE:STZ)

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