Hedeker Wealth LLC Has $3.56 Million Holdings in Constellation Brands, Inc. (NYSE:STZ)

Hedeker Wealth LLC boosted its position in Constellation Brands, Inc. (NYSE:STZ) by 0.6% in the fourth quarter, HoldingsChannel reports. The firm owned 16,126 shares of the company’s stock after buying an additional 100 shares during the quarter. Hedeker Wealth LLC’s holdings in Constellation Brands were worth $3,564,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Oakworth Capital Inc. boosted its stake in shares of Constellation Brands by 4.4% during the 3rd quarter. Oakworth Capital Inc. now owns 989 shares of the company’s stock valued at $255,000 after purchasing an additional 42 shares in the last quarter. PFG Investments LLC boosted its stake in shares of Constellation Brands by 3.8% during the 3rd quarter. PFG Investments LLC now owns 1,150 shares of the company’s stock valued at $296,000 after purchasing an additional 42 shares in the last quarter. Metis Global Partners LLC boosted its stake in shares of 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 purchasing an additional 46 shares in the last quarter. Rosenberg Matthew Hamilton boosted its stake 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 purchasing an additional 50 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL boosted its stake in shares of Constellation Brands by 4.6% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 1,158 shares of the company’s stock valued at $298,000 after purchasing an additional 51 shares in the last quarter. 77.34% of the stock is owned by institutional investors.

Constellation Brands Stock Performance

Shares of NYSE STZ opened at $170.83 on Friday. The firm has a 50 day moving average of $211.59 and a 200 day moving average of $232.31. 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 has a market capitalization of $30.87 billion, a price-to-earnings ratio of 45.92, a price-to-earnings-growth ratio of 1.59 and a beta of 0.90. Constellation Brands, Inc. has a 12-month low of $166.02 and a 12-month high of $274.87.

Constellation Brands (NYSE:STZ) last announced 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). 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 business’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter last year, the firm posted $3.19 earnings per share. On average, research analysts anticipate that Constellation Brands, Inc. will post 13.52 earnings per share for the current year.

Constellation Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a $1.01 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.36%. Constellation Brands’s payout ratio is currently 108.60%.

Insiders Place Their Bets

In related news, EVP James A. Jr. Sabia sold 36,086 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $242.99, for a total transaction of $8,768,537.14. Following the completion of the transaction, the executive vice president now owns 16,042 shares in the company, valued at approximately $3,898,045.58. This represents a 69.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William T. Giles bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The shares were bought at an average price of $186.39 per share, with a total value of $186,390.00. Following the transaction, the director now owns 1,463 shares of the company’s stock, valued at $272,688.57. The trade was a 215.98 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 61,746 shares of company stock worth $15,017,097 over the last three months. 12.19% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on STZ shares. Piper Sandler lowered shares of Constellation Brands from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $245.00 to $200.00 in a research note on Monday. Argus lowered shares of Constellation Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Barclays dropped their price objective on shares of Constellation Brands from $282.00 to $214.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Jefferies Financial Group reissued a “hold” rating and set a $201.00 price objective (down previously from $310.00) on shares of Constellation Brands in a research note on Monday, January 13th. Finally, BNP Paribas started coverage on shares of Constellation Brands in a research note on Monday, November 25th. They set a “neutral” rating and a $261.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, Constellation Brands currently has a consensus rating of “Moderate Buy” and an average price target of $254.29.

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.