Constellation Brands, Inc. (NYSE:STZ) Shares Sold by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC reduced its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 4.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,324 shares of the company’s stock after selling 900 shares during the period. Kestra Private Wealth Services LLC’s holdings in Constellation Brands were worth $4,050,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in STZ. Livforsakringsbolaget Skandia Omsesidigt increased its position in Constellation Brands by 198.4% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 743 shares of the company’s stock valued at $191,000 after buying an additional 494 shares in the last quarter. Exchange Traded Concepts LLC increased its position in Constellation Brands by 751.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,200 shares of the company’s stock valued at $309,000 after buying an additional 1,059 shares in the last quarter. CHICAGO TRUST Co NA increased its holdings in shares of Constellation Brands by 7.2% in the third quarter. CHICAGO TRUST Co NA now owns 1,482 shares of the company’s stock valued at $382,000 after purchasing an additional 100 shares during the period. Gilman Hill Asset Management LLC increased its holdings in shares of Constellation Brands by 9.1% in the third quarter. Gilman Hill Asset Management LLC now owns 895 shares of the company’s stock valued at $231,000 after purchasing an additional 75 shares during the period. Finally, CVA Family Office LLC increased its holdings in shares of Constellation Brands by 22.9% in the third quarter. CVA Family Office LLC now owns 295 shares of the company’s stock valued at $76,000 after purchasing an additional 55 shares during the period. 77.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Constellation Brands

In other news, Director William T. Giles bought 1,000 shares of Constellation Brands stock in a transaction on Friday, January 17th. The stock was acquired at an average price of $186.39 per share, with a total value of $186,390.00. Following the completion of the acquisition, the director now directly owns 1,463 shares of the company’s stock, valued at $272,688.57. The trade was a 215.98 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Wildstar Partners Llc sold 660 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $241.00, for a total value of $159,060.00. Following the transaction, the insider now directly owns 1,736,884 shares of the company’s stock, valued at $418,589,044. The trade was a 0.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 61,746 shares of company stock valued at $15,017,097 over the last quarter. 12.19% of the stock is currently owned by insiders.

Constellation Brands Stock Performance

Shares of STZ stock opened at $165.07 on Tuesday. The company has a market capitalization of $29.83 billion, a P/E ratio of 44.37, a P/E/G ratio of 1.51 and a beta of 0.90. The business’s 50 day moving average is $208.85 and its two-hundred day moving average is $231.16. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. Constellation Brands, Inc. has a 12-month low of $164.92 and a 12-month high of $274.87.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Friday, January 10th. The company reported $3.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). The business had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.53 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The business’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.19 EPS. Analysts expect that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a dividend of $1.01 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.45%. Constellation Brands’s payout ratio is currently 108.60%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Morgan Stanley cut their price objective on Constellation Brands from $280.00 to $220.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. Truist Financial cut their price objective on Constellation Brands from $255.00 to $190.00 and set a “hold” rating on the stock in a report on Tuesday, January 14th. Barclays cut their price objective on Constellation Brands from $282.00 to $214.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. BMO Capital Markets cut their price objective on Constellation Brands from $315.00 to $305.00 and set an “outperform” rating on the stock in a report on Tuesday, October 15th. Finally, TD Cowen cut their price objective on Constellation Brands from $270.00 to $260.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Constellation Brands presently has an average rating of “Moderate Buy” and a consensus price target of $254.29.

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 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.