First Command Advisory Services Inc. Reduces Stock Position in Constellation Brands, Inc. (NYSE:STZ)

First Command Advisory Services Inc. lessened its stake in Constellation Brands, Inc. (NYSE:STZ) by 7.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,504 shares of the company’s stock after selling 199 shares during the period. First Command Advisory Services Inc.’s holdings in Constellation Brands were worth $553,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Compagnie Lombard Odier SCmA purchased a new position in shares of Constellation Brands during the 4th quarter worth approximately $27,000. Union Bancaire Privee UBP SA acquired a new position in Constellation Brands during the fourth quarter worth $28,000. Versant Capital Management Inc grew its holdings in shares of Constellation Brands by 887.5% in the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock worth $35,000 after acquiring an additional 142 shares during the period. Centricity Wealth Management LLC purchased a new stake in shares of Constellation Brands in the fourth quarter valued at about $35,000. Finally, Whipplewood Advisors LLC acquired a new position in Constellation Brands in the 4th quarter valued at about $36,000. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Constellation Brands Price Performance

Constellation Brands stock opened at $178.22 on Thursday. Constellation Brands, Inc. has a 12-month low of $160.46 and a 12-month high of $274.87. The stock has a market cap of $32.21 billion, a P/E ratio of 47.91, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. The company has a fifty day simple moving average of $191.11 and a 200-day simple moving average of $224.51.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Friday, January 10th. The company reported $3.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.33 by ($0.08). The business had revenue of $2.46 billion during 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 company’s revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.19 EPS. Equities analysts expect that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date was Friday, February 7th. Constellation Brands’s dividend payout ratio is currently 108.60%.

Analysts Set New Price Targets

A number of analysts recently issued reports on STZ shares. Royal Bank of Canada reissued an “outperform” rating and set a $293.00 target price on shares of Constellation Brands in a research report on Monday, February 3rd. Piper Sandler downgraded Constellation Brands from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $245.00 to $200.00 in a research report on Monday, February 3rd. Truist Financial reduced their price objective on shares of Constellation Brands from $255.00 to $190.00 and set a “hold” rating for the company in a research note on Tuesday, January 14th. Wells Fargo & Company lowered their price target on shares of Constellation Brands from $295.00 to $275.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Finally, StockNews.com lowered shares of Constellation Brands from a “hold” rating to a “sell” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $253.43.

Insiders Place Their Bets

In related news, Director William T. Giles bought 1,000 shares of the firm’s stock in a transaction dated Friday, January 17th. The stock was bought at an average price of $186.39 per share, with a total value of $186,390.00. Following the completion of the transaction, the director now directly owns 1,463 shares of the company’s stock, valued at approximately $272,688.57. This represents a 215.98 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.19% of the stock is currently owned by insiders.

Constellation Brands Company Profile

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.