Constellation Brands, Inc. (NYSE:STZ) Shares Purchased by Nvest Financial LLC

Nvest Financial LLC boosted its holdings in Constellation Brands, Inc. (NYSE:STZ) by 5.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,938 shares of the company’s stock after acquiring an additional 95 shares during the period. Nvest Financial LLC’s holdings in Constellation Brands were worth $428,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of STZ. Union Bancaire Privee UBP SA bought a new stake in shares of Constellation Brands in the 4th quarter worth approximately $28,000. Versant Capital Management Inc increased its position in Constellation Brands by 887.5% in the fourth quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock worth $35,000 after buying an additional 142 shares during the period. Eastern Bank acquired a new position in shares of Constellation Brands during the third quarter valued at $39,000. FSA Wealth Management LLC bought a new position in shares of Constellation Brands during the third quarter worth about $42,000. Finally, Truvestments Capital LLC bought a new stake in Constellation Brands in the 3rd quarter valued at about $60,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on STZ. StockNews.com lowered Constellation Brands from a “hold” rating to a “sell” rating in a report on Tuesday. Evercore ISI dropped their price target on shares of Constellation Brands from $300.00 to $250.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Morgan Stanley dropped their target price on Constellation Brands from $280.00 to $220.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. Bank of America reiterated a “neutral” rating and set a $255.00 price target (down from $300.00) on shares of Constellation Brands in a research report on Monday, October 7th. Finally, Piper Sandler lowered their target price on Constellation Brands from $300.00 to $245.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $257.14.

Constellation Brands Price Performance

Shares of NYSE:STZ opened at $183.16 on Wednesday. The company has a market cap of $33.10 billion, a P/E ratio of 49.24, a price-to-earnings-growth ratio of 1.58 and a beta of 0.91. The company’s fifty day moving average is $218.87 and its two-hundred day moving average is $235.16. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. Constellation Brands, Inc. has a 12-month low of $176.51 and a 12-month high of $274.87.

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). Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The business had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.53 billion. During the same period in the prior year, the company posted $3.19 earnings per share. The firm’s revenue was down .3% on a year-over-year basis. Equities analysts expect that Constellation Brands, Inc. will post 13.52 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Friday, February 7th. Constellation Brands’s payout ratio is presently 108.60%.

Insider Buying and Selling at Constellation Brands

In related news, CEO William A. Newlands sold 25,000 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $243.58, for a total value of $6,089,500.00. Following the transaction, the chief executive officer now owns 7,274 shares in the company, valued at approximately $1,771,800.92. This represents a 77.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Wildstar Partners Llc sold 660 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 1,736,884 shares in the company, valued at approximately $418,589,044. The trade was a 0.04 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 61,746 shares of company stock worth $15,017,097. 12.19% of the stock is currently owned by company insiders.

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.