Stratos Wealth Advisors LLC Increases Stake in Constellation Brands, Inc. (NYSE:STZ)

Stratos Wealth Advisors LLC grew its stake in Constellation Brands, Inc. (NYSE:STZ) by 4.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,033 shares of the company’s stock after purchasing an additional 120 shares during the period. Stratos Wealth Advisors LLC’s holdings in Constellation Brands were worth $670,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Union Bancaire Privee UBP SA acquired a new position in Constellation Brands in the 4th quarter worth about $28,000. Eastern Bank purchased a new stake in shares of Constellation Brands in the third quarter valued at approximately $39,000. Versant Capital Management Inc raised its stake in shares of Constellation Brands by 887.5% during the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock worth $35,000 after buying an additional 142 shares during the period. FSA Wealth Management LLC purchased a new position in shares of Constellation Brands during the 3rd quarter valued at approximately $42,000. Finally, Truvestments Capital LLC acquired a new stake in Constellation Brands in the 3rd quarter valued at $60,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Trading Down 1.1 %

Shares of Constellation Brands stock opened at $169.05 on Friday. The stock has a 50 day moving average of $210.28 and a 200 day moving average of $231.88. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. The firm has a market capitalization of $30.55 billion, a price-to-earnings ratio of 45.44, a PEG ratio of 1.59 and a beta of 0.90. Constellation Brands, Inc. has a fifty-two week low of $166.02 and a fifty-two week high of $274.87.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data 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). Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The business had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.53 billion. During the same period in the previous year, the business posted $3.19 earnings per share. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. As a group, research analysts predict that Constellation Brands, Inc. will post 13.52 earnings per share for the current year.

Constellation Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued a $1.01 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.04 annualized dividend and a dividend yield of 2.39%. Constellation Brands’s dividend payout ratio is currently 108.60%.

Wall Street Analyst Weigh In

STZ has been the subject of a number of research analyst reports. Roth Capital reduced their price objective on shares of Constellation Brands from $298.00 to $284.00 and set a “buy” rating for the company in a research report on Friday, January 17th. UBS Group decreased their price target on shares of Constellation Brands from $265.00 to $223.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $203.00 price objective (down from $262.00) on shares of Constellation Brands in a research note on Monday, January 13th. Piper Sandler downgraded Constellation Brands from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $245.00 to $200.00 in a research report on Monday, February 3rd. Finally, BNP Paribas assumed coverage on Constellation Brands in a research report on Monday, November 25th. They set a “neutral” rating and a $261.00 price target for the company. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $254.29.

Insider Buying and Selling

In other news, major shareholder Wildstar Partners Llc sold 660 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total transaction of $159,060.00. Following the completion of the transaction, the insider now directly owns 1,736,884 shares in the company, valued at $418,589,044. This trade represents a 0.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP James A. Jr. Sabia sold 36,086 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $242.99, for a total value of $8,768,537.14. Following the completion of the sale, the executive vice president now owns 16,042 shares in the company, valued at $3,898,045.58. This represents a 69.23 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 61,746 shares of company stock valued at $15,017,097. Company insiders own 12.19% 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 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.