2,148 Shares in Constellation Brands, Inc. (NYSE:STZ) Purchased by AssuredPartners Investment Advisors LLC

AssuredPartners Investment Advisors LLC bought a new stake in Constellation Brands, Inc. (NYSE:STZ) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 2,148 shares of the company’s stock, valued at approximately $475,000.

Other hedge funds have also recently bought and sold shares of the company. Mainstream Capital Management LLC acquired a new stake in shares of Constellation Brands during the 4th quarter worth approximately $25,000. SBI Securities Co. Ltd. bought a new stake in Constellation Brands during the fourth quarter worth $26,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Constellation Brands in the 4th quarter valued at $27,000. Union Bancaire Privee UBP SA acquired a new position in shares of Constellation Brands during the 4th quarter worth $28,000. Finally, Versant Capital Management Inc raised its holdings 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 in the last quarter. 77.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Morgan Stanley cut Constellation Brands from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $220.00 to $202.00 in a research report on Thursday, February 27th. Jefferies Financial Group reaffirmed a “hold” rating and set a $201.00 price target (down from $310.00) on shares of Constellation Brands in a report on Monday, January 13th. Piper Sandler downgraded shares of Constellation Brands from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $245.00 to $200.00 in a research note on Monday, February 3rd. Barclays decreased their target price on shares of Constellation Brands from $205.00 to $203.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, TD Cowen dropped their price target on Constellation Brands from $270.00 to $260.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $249.18.

Constellation Brands Stock Performance

Shares of STZ opened at $184.35 on Friday. 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 firm’s fifty day simple moving average is $177.20 and its two-hundred day simple moving average is $215.45. Constellation Brands, Inc. has a 12 month low of $160.46 and a 12 month high of $274.87. The stock has a market capitalization of $33.32 billion, a P/E ratio of 49.56, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last announced its earnings results on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.08). The business had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.53 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The firm’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.19 EPS. As a group, analysts predict that Constellation Brands, Inc. will post 13.5 EPS for the current 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 $1.01 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.04 annualized dividend and a dividend yield of 2.19%. Constellation Brands’s dividend payout ratio is currently 108.60%.

Insider Activity

In related news, Director William T. Giles purchased 1,000 shares of Constellation Brands stock in a transaction on Friday, January 17th. The stock was acquired at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the completion of the acquisition, the director now owns 1,463 shares of the company’s stock, valued at $272,688.57. This trade represents a 215.98 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 12.19% of the stock is currently owned by company 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.