Checchi Capital Advisers LLC Boosts Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

Checchi Capital Advisers LLC increased its position in Constellation Brands, Inc. (NYSE:STZ) by 10.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,235 shares of the company’s stock after acquiring an additional 207 shares during the period. Checchi Capital Advisers LLC’s holdings in Constellation Brands were worth $494,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in STZ. PFG Investments LLC boosted its position in shares of Constellation Brands by 3.8% during the third quarter. PFG Investments LLC now owns 1,150 shares of the company’s stock valued at $296,000 after buying an additional 42 shares during the last quarter. HM Payson & Co. lifted its stake in Constellation Brands by 3.9% during the 3rd quarter. HM Payson & Co. now owns 6,851 shares of the company’s stock valued at $1,765,000 after acquiring an additional 258 shares during the period. Rosenberg Matthew Hamilton boosted its holdings in shares of Constellation Brands by 6.2% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 858 shares of the company’s stock valued at $221,000 after acquiring an additional 50 shares during the last quarter. Oak Ridge Investments LLC grew its stake in shares of Constellation Brands by 6.3% in the third quarter. Oak Ridge Investments LLC now owns 25,363 shares of the company’s stock worth $6,536,000 after acquiring an additional 1,513 shares during the period. Finally, Stephens Inc. AR raised its holdings in shares of Constellation Brands by 2.4% during the third quarter. Stephens Inc. AR now owns 51,453 shares of the company’s stock valued at $13,259,000 after purchasing an additional 1,183 shares during the last quarter. 77.34% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director William T. Giles purchased 1,000 shares of the firm’s stock in a transaction on Friday, January 17th. The shares were acquired at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the purchase, the director now directly owns 1,463 shares in the company, valued at $272,688.57. This trade represents a 215.98 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 12.19% of the stock is owned by company insiders.

Constellation Brands Trading Down 2.8 %

Shares of STZ stock opened at $173.43 on Friday. 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 stock has a fifty day simple moving average of $190.04 and a two-hundred day simple moving average of $224.16. The firm has a market capitalization of $31.34 billion, a PE ratio of 46.62, a PEG 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.

Constellation Brands (NYSE:STZ) last issued its earnings results 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). Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The business had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same period last year, the business posted $3.19 EPS. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. On average, analysts predict that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 2.33%. The ex-dividend date was Friday, February 7th. Constellation Brands’s dividend payout ratio (DPR) is presently 108.60%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on STZ. Royal Bank of Canada restated an “outperform” rating and issued a $293.00 target price on shares of Constellation Brands in a report on Monday, February 3rd. StockNews.com downgraded Constellation Brands from a “hold” rating to a “sell” rating in a research note on Wednesday. Morgan Stanley cut Constellation Brands from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $220.00 to $202.00 in a research report on Thursday. Jefferies Financial Group reissued a “hold” rating and issued a $201.00 target price (down from $310.00) on shares of Constellation Brands in a research report on Monday, January 13th. Finally, Piper Sandler lowered shares of Constellation Brands from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $245.00 to $200.00 in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $253.43.

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.