162 Shares in Constellation Brands, Inc. (NYSE:STZ) Bought by Whipplewood Advisors LLC

Whipplewood Advisors LLC bought a new stake in Constellation Brands, Inc. (NYSE:STZ) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 162 shares of the company’s stock, valued at approximately $36,000.

Other large investors have also added to or reduced their stakes in the company. Van ECK Associates Corp boosted its holdings in shares of Constellation Brands by 1,844.7% in the 4th quarter. Van ECK Associates Corp now owns 924,274 shares of the company’s stock valued at $204,265,000 after buying an additional 876,745 shares in the last quarter. State Street Corp lifted its position in Constellation Brands by 6.0% during the third quarter. State Street Corp now owns 7,144,428 shares of the company’s stock valued at $1,841,048,000 after acquiring an additional 402,211 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Constellation Brands by 66.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 369,966 shares of the company’s stock valued at $81,762,000 after acquiring an additional 147,457 shares in the last quarter. NFJ Investment Group LLC grew its holdings in Constellation Brands by 617.3% in the third quarter. NFJ Investment Group LLC now owns 108,382 shares of the company’s stock worth $27,929,000 after purchasing an additional 93,273 shares during the last quarter. Finally, World Investment Advisors LLC increased its position in shares of Constellation Brands by 4,601.2% during the third quarter. World Investment Advisors LLC now owns 87,771 shares of the company’s stock worth $22,618,000 after purchasing an additional 85,904 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors.

Insider Activity at Constellation Brands

In other Constellation Brands news, Director William T. Giles acquired 1,000 shares of the company’s stock in a transaction on Friday, January 17th. The shares were bought at an average cost of $186.39 per share, with a total value of $186,390.00. Following the completion of the acquisition, the director now owns 1,463 shares in the company, valued at approximately $272,688.57. This trade represents 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 available through this link. 12.19% of the stock is owned by company insiders.

Analyst Ratings Changes

STZ has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $203.00 price objective (down previously from $262.00) on shares of Constellation Brands in a research report on Monday, January 13th. Wells Fargo & Company dropped their price target on Constellation Brands from $295.00 to $275.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. StockNews.com downgraded shares of Constellation Brands from a “hold” rating to a “sell” rating in a report on Wednesday. Piper Sandler cut shares of Constellation Brands from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $245.00 to $200.00 in a research note on Monday, February 3rd. Finally, Barclays cut their price target 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. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Constellation Brands presently has a consensus rating of “Hold” and a consensus target price of $253.43.

Constellation Brands Stock Up 1.4 %

Shares of STZ stock opened at $175.74 on Friday. Constellation Brands, Inc. has a twelve month low of $160.46 and a twelve month high of $274.87. The stock has a market cap of $31.76 billion, a P/E ratio of 47.24, a P/E/G ratio of 1.52 and a beta of 1.75. The stock has a 50 day moving average of $189.00 and a 200 day moving average of $223.60. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26.

Constellation Brands (NYSE:STZ) last posted 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 firm had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.53 billion. During the same quarter in the prior year, the firm earned $3.19 earnings per share. The business’s revenue for the quarter was down .3% on a year-over-year basis. As a group, sell-side analysts expect that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend was Friday, February 7th. Constellation Brands’s dividend payout ratio (DPR) is presently 108.60%.

Constellation Brands 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.