Constellation Brands, Inc. (NYSE:STZ) Shares Bought by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC grew its position in Constellation Brands, Inc. (NYSE:STZ) by 8.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,216 shares of the company’s stock after buying an additional 169 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Constellation Brands were worth $490,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of STZ. Metis Global Partners LLC boosted its holdings in Constellation Brands by 0.8% during the 3rd quarter. Metis Global Partners LLC now owns 5,570 shares of the company’s stock valued at $1,435,000 after acquiring an additional 46 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Constellation Brands by 1.3% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,205 shares of the company’s stock worth $1,084,000 after purchasing an additional 52 shares in the last quarter. KCM Investment Advisors LLC lifted its position in shares of Constellation Brands by 1.7% during the third quarter. KCM Investment Advisors LLC now owns 3,382 shares of the company’s stock worth $872,000 after purchasing an additional 56 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Constellation Brands by 0.8% in the fourth quarter. Allworth Financial LP now owns 7,357 shares of the company’s stock valued at $1,626,000 after purchasing an additional 59 shares during the period. Finally, BSW Wealth Partners grew its holdings in shares of Constellation Brands by 4.2% in the fourth quarter. BSW Wealth Partners now owns 1,563 shares of the company’s stock valued at $345,000 after purchasing an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Insider Activity

In related news, Director William T. Giles acquired 1,000 shares of Constellation Brands stock in a transaction on Friday, January 17th. The stock was purchased at an average cost of $186.39 per share, with a total value of $186,390.00. Following the purchase, the director now directly owns 1,463 shares in the company, valued at approximately $272,688.57. The trade was a 215.98 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 12.19% of the company’s stock.

Constellation Brands Stock Down 0.1 %

Shares of NYSE STZ opened at $181.46 on Friday. The stock has a market cap of $32.79 billion, a PE ratio of 48.78, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a 52-week low of $160.46 and a 52-week high of $274.87. The business has a 50-day moving average price of $180.58 and a 200 day moving average price of $219.38. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing the consensus estimate of $3.33 by ($0.08). The firm had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.53 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. Constellation Brands’s revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the company posted $3.19 earnings per share. Equities research analysts forecast that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $1.01 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a yield of 2.23%. Constellation Brands’s dividend payout ratio is presently 108.60%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on STZ. Piper Sandler lowered shares of Constellation Brands from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $245.00 to $200.00 in a report on Monday, February 3rd. Roth Capital reduced their price objective on Constellation Brands from $298.00 to $284.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. Barclays lowered their target price on Constellation Brands from $214.00 to $205.00 and set an “overweight” rating for the company in a research note on Thursday. Jefferies Financial Group reaffirmed a “hold” rating and issued a $201.00 price target (down previously from $310.00) on shares of Constellation Brands in a research report on Monday, January 13th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $203.00 price objective (down from $262.00) on shares of Constellation Brands in a research report on Monday, January 13th. One investment 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. Based on data from MarketBeat.com, Constellation Brands has an average rating of “Hold” and a consensus price target of $252.81.

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.