J.W. Cole Advisors Inc. Sells 64 Shares of Constellation Brands, Inc. (NYSE:STZ)

J.W. Cole Advisors Inc. lessened its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 3.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,686 shares of the company’s stock after selling 64 shares during the period. J.W. Cole Advisors Inc.’s holdings in Constellation Brands were worth $408,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. AE Wealth Management LLC boosted its stake in shares of Constellation Brands by 32.0% in the third quarter. AE Wealth Management LLC now owns 4,288 shares of the company’s stock valued at $1,078,000 after buying an additional 1,040 shares during the period. HB Wealth Management LLC boosted its stake in shares of Constellation Brands by 25.6% in the third quarter. HB Wealth Management LLC now owns 1,619 shares of the company’s stock valued at $407,000 after buying an additional 330 shares during the period. Impact Partnership Wealth LLC boosted 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 valued at $26,000 after buying an additional 94 shares during the period. Strategic Blueprint LLC boosted its stake in shares of Constellation Brands by 5.6% in the third quarter. Strategic Blueprint LLC now owns 1,571 shares of the company’s stock valued at $395,000 after buying an additional 84 shares during the period. Finally, Caprock Group LLC boosted its stake in shares of Constellation Brands by 2.7% in the third quarter. Caprock Group LLC now owns 2,578 shares of the company’s stock valued at $648,000 after buying an additional 68 shares during the period. Institutional investors own 77.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on STZ shares. Roth Mkm reiterated a “buy” rating and issued a $305.00 price target on shares of Constellation Brands in a research note on Friday, April 12th. BMO Capital Markets boosted their price objective on shares of Constellation Brands from $290.00 to $315.00 and gave the company an “outperform” rating in a research report on Friday, April 12th. UBS Group boosted their price objective on shares of Constellation Brands from $312.00 to $320.00 and gave the company a “buy” rating in a research report on Friday, April 12th. TheStreet downgraded shares of Constellation Brands from a “b” rating to a “c+” rating in a research report on Friday, January 5th. Finally, Piper Sandler began coverage on shares of Constellation Brands in a research report on Friday, March 22nd. They set an “overweight” rating and a $300.00 price objective for the company. Three research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $298.55.

Constellation Brands Stock Performance

NYSE STZ opened at $261.64 on Wednesday. The company has a market capitalization of $47.83 billion, a price-to-earnings ratio of 27.89, a PEG ratio of 1.76 and a beta of 1.75. Constellation Brands, Inc. has a twelve month low of $221.81 and a twelve month high of $274.87. The stock has a fifty day simple moving average of $258.78 and a 200 day simple moving average of $247.57. The company has a quick ratio of 0.53, a current ratio of 1.19 and a debt-to-equity ratio of 1.06.

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

Constellation Brands Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 3rd will be given a dividend of $1.01 per share. The ex-dividend date is Thursday, May 2nd. This represents a $4.04 dividend on an annualized basis and a yield of 1.54%. This is a boost from Constellation Brands’s previous quarterly dividend of $0.89. Constellation Brands’s dividend payout ratio is 43.07%.

Insider Buying and Selling at Constellation Brands

In other Constellation Brands news, EVP James A. Jr. Sabia sold 15,781 shares of the company’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $263.63, for a total transaction of $4,160,345.03. Following the sale, the executive vice president now owns 20,910 shares of the company’s stock, valued at $5,512,503.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP James A. Jr. Sabia sold 15,781 shares of the stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $263.63, for a total transaction of $4,160,345.03. Following the transaction, the executive vice president now owns 20,910 shares of the company’s stock, valued at approximately $5,512,503.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William A. Newlands sold 4,013 shares of the 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 transaction, the chief executive officer now directly owns 5,395 shares in the company, valued at approximately $1,420,233.75. The disclosure for this sale can be found here. Insiders own 16.19% of the company’s stock.

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