FAS Wealth Partners Inc. Increases Stake in Constellation Brands, Inc. (NYSE:STZ)

FAS Wealth Partners Inc. lifted its stake in shares of Constellation Brands, Inc. (NYSE:STZFree Report) by 3.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,277 shares of the company’s stock after acquiring an additional 43 shares during the period. FAS Wealth Partners Inc.’s holdings in Constellation Brands were worth $309,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Constellation Brands by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 12,601,280 shares of the company’s stock worth $2,902,327,000 after acquiring an additional 313,344 shares during the period. State Street Corp raised its holdings in Constellation Brands by 0.8% in the second quarter. State Street Corp now owns 6,936,028 shares of the company’s stock valued at $1,707,165,000 after buying an additional 51,968 shares during the period. Morgan Stanley raised its holdings in Constellation Brands by 1.5% in the third quarter. Morgan Stanley now owns 4,050,468 shares of the company’s stock valued at $1,018,005,000 after buying an additional 58,518 shares during the period. Moneta Group Investment Advisors LLC raised its holdings in Constellation Brands by 84,839.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 3,742,434 shares of the company’s stock valued at $867,309,000 after buying an additional 3,738,028 shares during the period. Finally, Barclays PLC raised its holdings in Constellation Brands by 102.0% in the second quarter. Barclays PLC now owns 2,937,570 shares of the company’s stock valued at $723,027,000 after buying an additional 1,483,668 shares during the period. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Constellation Brands

In other Constellation Brands news, major shareholder Family Foundation Sands sold 354,616 shares of the business’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $250.26, for a total transaction of $88,746,200.16. Following the completion of the sale, the insider now owns 54,461 shares in the company, valued at $13,629,409.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 16.19% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on STZ. TheStreet lowered shares of Constellation Brands from a “b” rating to a “c+” rating in a report on Friday, January 5th. Piper Sandler started coverage on shares of Constellation Brands in a research report on Friday, March 22nd. They issued an “overweight” rating and a $300.00 price objective for the company. Argus downgraded shares of Constellation Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $295.00 price objective on shares of Constellation Brands in a research report on Thursday, March 7th. Finally, Bank of America increased their price objective on shares of Constellation Brands from $290.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Four analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat.com, Constellation Brands has a consensus rating of “Moderate Buy” and an average target price of $290.37.

Check Out Our Latest Analysis on Constellation Brands

Constellation Brands Stock Performance

Shares of STZ opened at $267.47 on Wednesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.05 and a quick ratio of 0.46. Constellation Brands, Inc. has a 12-month low of $217.05 and a 12-month high of $273.65. The business’s fifty day moving average price is $254.01 and its 200 day moving average price is $246.45. The stock has a market capitalization of $48.90 billion, a PE ratio of 31.65, a price-to-earnings-growth ratio of 1.89 and a beta of 0.97.

Constellation Brands (NYSE:STZGet Free Report) last released its earnings results on Friday, January 5th. The company reported $3.19 earnings per share for the quarter, beating the consensus estimate of $3.03 by $0.16. Constellation Brands had a net margin of 14.76% and a return on equity of 23.35%. The firm had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.54 billion. During the same quarter in the previous year, the firm earned $2.83 earnings per share. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. Equities research analysts forecast that Constellation Brands, Inc. will post 11.92 EPS for the current year.

Constellation Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Thursday, February 8th were paid a dividend of $0.89 per share. The ex-dividend date was Wednesday, February 7th. This represents a $3.56 annualized dividend and a yield of 1.33%. Constellation Brands’s payout ratio is 42.13%.

Constellation Brands Profile

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

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

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