MONECO Advisors LLC Acquires 222 Shares of Constellation Brands, Inc. (NYSE:STZ)

MONECO Advisors LLC raised its stake in Constellation Brands, Inc. (NYSE:STZ) by 18.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,441 shares of the company’s stock after buying an additional 222 shares during the quarter. MONECO Advisors LLC’s holdings in Constellation Brands were worth $319,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Van ECK Associates Corp lifted its position in 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 acquiring an additional 876,745 shares in the last quarter. State Street Corp lifted its holdings in shares of Constellation Brands by 6.0% in the third quarter. State Street Corp now owns 7,144,428 shares of the company’s stock valued at $1,841,048,000 after purchasing an additional 402,211 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of 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 purchasing an additional 147,457 shares in the last quarter. NFJ Investment Group LLC boosted its position in shares of Constellation Brands by 617.3% during the third quarter. NFJ Investment Group LLC now owns 108,382 shares of the company’s stock worth $27,929,000 after buying an additional 93,273 shares during the period. Finally, World Investment Advisors LLC grew its holdings 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 buying an additional 85,904 shares in the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on STZ shares. Barclays reduced their price target on Constellation Brands from $282.00 to $214.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. StockNews.com upgraded shares of Constellation Brands from a “sell” rating to a “hold” rating in a report on Thursday, February 13th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $293.00 target price on shares of Constellation Brands in a research report on Monday, February 3rd. Wells Fargo & Company cut their price target on shares of Constellation Brands from $295.00 to $275.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Finally, Truist Financial decreased their price objective on Constellation Brands from $255.00 to $190.00 and set a “hold” rating for the company in a report on Tuesday, January 14th. Ten investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, Constellation Brands currently has an average rating of “Moderate Buy” and an average price target of $254.29.

Insider Transactions at Constellation Brands

In other news, Director William T. Giles acquired 1,000 shares of the firm’s stock in a transaction on Friday, January 17th. The shares were purchased at an average cost of $186.39 per share, with a total value of $186,390.00. Following the acquisition, the director now directly owns 1,463 shares in the company, valued at $272,688.57. This represents a 215.98 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 12.19% of the stock is owned by corporate insiders.

Constellation Brands Trading Up 1.9 %

STZ stock opened at $179.23 on Tuesday. Constellation Brands, Inc. has a one year low of $160.46 and a one year high of $274.87. The stock has a market cap of $32.39 billion, a price-to-earnings ratio of 48.18, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. The company has a fifty day moving average price of $193.21 and a two-hundred day moving average price of $225.28. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46.

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). Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same period in the previous year, the firm posted $3.19 EPS. The business’s quarterly revenue was down .3% on a year-over-year basis. Equities analysts anticipate that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend was Friday, February 7th. Constellation Brands’s payout ratio is 108.60%.

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.