Great Valley Advisor Group Inc. increased its stake in shares of Constellation Brands, Inc. (NYSE:STZ – Get Rating) by 15.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,877 shares of the company’s stock after buying an additional 520 shares during the period. Great Valley Advisor Group Inc.’s holdings in Constellation Brands were worth $915,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vestmark Advisory Solutions Inc. lifted its position in Constellation Brands by 29.2% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 4,403 shares of the company’s stock valued at $1,105,000 after purchasing an additional 994 shares during the period. O Shaughnessy Asset Management LLC lifted its position in Constellation Brands by 6.0% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,154 shares of the company’s stock valued at $290,000 after purchasing an additional 65 shares during the period. Joseph P. Lucia & Associates LLC acquired a new position in Constellation Brands during the 1st quarter valued at about $46,000. Profund Advisors LLC lifted its position in Constellation Brands by 12.3% during the 4th quarter. Profund Advisors LLC now owns 2,616 shares of the company’s stock valued at $657,000 after purchasing an additional 286 shares during the period. Finally, DA Davidson & CO. lifted its position in Constellation Brands by 2.6% during the 4th quarter. DA Davidson & CO. now owns 58,742 shares of the company’s stock valued at $14,740,000 after purchasing an additional 1,506 shares during the period. Institutional investors and hedge funds own 74.99% of the company’s stock.
In other Constellation Brands news, EVP Thomas Michael Kane sold 1,601 shares of the firm’s stock in a transaction on Tuesday, April 12th. The stock was sold at an average price of $249.34, for a total transaction of $399,193.34. Following the completion of the sale, the executive vice president now owns 4,692 shares of the company’s stock, valued at approximately $1,169,903.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP James O. Bourdeau sold 12,860 shares of the firm’s stock in a transaction on Friday, April 22nd. The shares were sold at an average price of $254.24, for a total value of $3,269,526.40. Following the sale, the executive vice president now directly owns 1,628 shares of the company’s stock, valued at approximately $413,902.72. The disclosure for this sale can be found here. Insiders sold 25,822 shares of company stock valued at $6,451,256 over the last three months. 16.19% of the stock is owned by company insiders.
A number of analysts recently weighed in on STZ shares. Wells Fargo & Company increased their price target on shares of Constellation Brands from $275.00 to $280.00 and gave the company an “overweight” rating in a research report on Wednesday, June 8th. The Goldman Sachs Group reiterated a “buy” rating and issued a $275.00 price target on shares of Constellation Brands in a research report on Wednesday. UBS Group cut their price target on shares of Constellation Brands from $285.00 to $270.00 and set a “buy” rating on the stock in a research report on Tuesday, June 21st. Truist Financial increased their price target on shares of Constellation Brands from $213.00 to $245.00 and gave the company a “hold” rating in a research report on Friday, April 8th. Finally, StockNews.com upgraded shares of Constellation Brands from a “hold” rating to a “buy” rating in a research report on Monday, June 20th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Constellation Brands currently has a consensus rating of “Moderate Buy” and an average price target of $270.40.
Shares of STZ opened at $235.43 on Friday. The stock has a market capitalization of $44.31 billion, a P/E ratio of -1,307.94, a P/E/G ratio of 2.06 and a beta of 1.06. Constellation Brands, Inc. has a twelve month low of $207.35 and a twelve month high of $261.52. The company has a 50-day moving average of $242.39 and a 200-day moving average of $237.79. The company has a quick ratio of 0.65, a current ratio of 1.23 and a debt-to-equity ratio of 0.79.
Constellation Brands (NYSE:STZ – Get Rating) last issued its quarterly earnings results on Thursday, June 30th. The company reported $2.66 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.14. Constellation Brands had a negative net margin of 0.42% and a positive return on equity of 16.43%. The company had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same period last year, the business earned $2.33 EPS. The business’s quarterly revenue was up 16.6% on a year-over-year basis. On average, sell-side analysts anticipate that Constellation Brands, Inc. will post 11.02 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 24th. Investors of record on Wednesday, August 10th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Tuesday, August 9th. This represents a $3.20 annualized dividend and a dividend yield of 1.36%. Constellation Brands’s dividend payout ratio is currently -516.67%.
Constellation Brands Profile: (Get Rating)
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. It provides beer primarily under the Corona Extra, Corona Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands.
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