Constellation Brands, Inc. (NYSE:STZ) Position Boosted by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC grew its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 2.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,482 shares of the company’s stock after purchasing an additional 144 shares during the period. Kingsview Wealth Management LLC’s holdings in Constellation Brands were worth $1,211,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Platform Technology Partners lifted its stake in Constellation Brands by 3.7% during the fourth quarter. Platform Technology Partners now owns 6,061 shares of the company’s stock valued at $1,340,000 after buying an additional 214 shares in the last quarter. Lecap Asset Management Ltd. purchased a new stake in Constellation Brands during the fourth quarter valued at about $1,836,000. Golden State Wealth Management LLC purchased a new stake in Constellation Brands during the fourth quarter valued at about $206,000. Tobam lifted its stake in Constellation Brands by 37.0% during the fourth quarter. Tobam now owns 426 shares of the company’s stock valued at $94,000 after buying an additional 115 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Constellation Brands by 2.2% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,497 shares of the company’s stock valued at $3,867,000 after buying an additional 381 shares in the last quarter. 77.34% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Constellation Brands

In other Constellation Brands news, major shareholder Wildstar Partners Llc sold 660 shares of Constellation Brands stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $241.00, for a total transaction of $159,060.00. Following the sale, the insider now owns 1,736,884 shares in the company, valued at $418,589,044. The trade was a 0.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP James A. Jr. Sabia sold 36,086 shares of Constellation Brands stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $242.99, for a total transaction of $8,768,537.14. Following the sale, the executive vice president now owns 16,042 shares in the company, valued at $3,898,045.58. This represents a 69.23 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,746 shares of company stock worth $15,017,097. Insiders own 12.19% of the company’s stock.

Constellation Brands Trading Down 0.3 %

Shares of STZ stock opened at $164.59 on Wednesday. Constellation Brands, Inc. has a 12 month low of $161.00 and a 12 month high of $274.87. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. The business’s 50 day moving average is $207.40 and its two-hundred day moving average is $230.56. The company has a market cap of $29.75 billion, a PE ratio of 44.24, a price-to-earnings-growth ratio of 1.51 and a beta of 0.90.

Constellation Brands (NYSE:STZ) last announced 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 company had revenue of $2.46 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.19 EPS. Equities 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 will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a $1.01 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.04 annualized dividend and a dividend yield of 2.45%. Constellation Brands’s payout ratio is 108.60%.

Analyst Upgrades and Downgrades

STZ has been the subject of a number of analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $240.00 price objective on shares of Constellation Brands in a research note on Monday, January 27th. Argus lowered shares of Constellation Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $203.00 price target (down from $262.00) on shares of Constellation Brands in a research report on Monday, January 13th. UBS Group reduced their price target on shares of Constellation Brands from $265.00 to $223.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Finally, Morgan Stanley reduced their price target on shares of Constellation Brands from $280.00 to $220.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $254.29.

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.