Constellation Brands, Inc. (NYSE:STZ) Shares Sold by Western Wealth Management LLC

Western Wealth Management LLC reduced its position in Constellation Brands, Inc. (NYSE:STZ) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,042 shares of the company’s stock after selling 51 shares during the quarter. Western Wealth Management LLC’s holdings in Constellation Brands were worth $1,219,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Burns Matteson Capital Management LLC increased its stake in shares of Constellation Brands by 1.7% in the 4th quarter. Burns Matteson Capital Management LLC now owns 2,499 shares of the company’s stock worth $604,000 after acquiring an additional 42 shares during the last quarter. FAS Wealth Partners Inc. increased its stake in shares of Constellation Brands by 3.5% in the 4th quarter. FAS Wealth Partners Inc. now owns 1,277 shares of the company’s stock worth $309,000 after acquiring an additional 43 shares during the last quarter. United Capital Financial Advisers LLC increased its stake in shares of Constellation Brands by 2.9% in the 1st quarter. United Capital Financial Advisers LLC now owns 1,552 shares of the company’s stock worth $357,000 after acquiring an additional 44 shares during the last quarter. IHT Wealth Management LLC increased its stake in shares of Constellation Brands by 1.9% in the 1st quarter. IHT Wealth Management LLC now owns 2,406 shares of the company’s stock worth $543,000 after acquiring an additional 45 shares during the last quarter. Finally, Bragg Financial Advisors Inc increased its stake in shares of Constellation Brands by 1.6% in the 4th quarter. Bragg Financial Advisors Inc now owns 2,825 shares of the company’s stock worth $655,000 after acquiring an additional 45 shares during the last quarter. 77.34% of the stock is owned by institutional investors and hedge funds.

Constellation Brands Stock Performance

Shares of STZ opened at $260.70 on Friday. The stock has a 50-day simple moving average of $258.19 and a 200-day simple moving average of $247.29. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.53 and a current ratio of 1.19. The stock has a market capitalization of $47.66 billion, a PE ratio of 27.79, a PEG ratio of 1.75 and a beta of 0.97. Constellation Brands, Inc. has a 1 year low of $221.81 and a 1 year high of $274.87.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Thursday, April 11th. The company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.16. The business had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Constellation Brands had a return on equity of 23.06% and a net margin of 16.13%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.98 EPS. On average, analysts predict that Constellation Brands, Inc. will post 13.51 earnings per share for the current fiscal year.

Constellation Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be paid a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Thursday, May 2nd. This is a boost from Constellation Brands’s previous quarterly dividend of $0.89. Constellation Brands’s dividend payout ratio (DPR) is presently 37.95%.

Insider Activity

In other news, EVP James A. Jr. Sabia sold 15,781 shares of the firm’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $263.63, for a total transaction of $4,160,345.03. Following the sale, the executive vice president now owns 20,910 shares of the company’s stock, valued at approximately $5,512,503.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 16.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Evercore ISI raised their target price on Constellation Brands from $300.00 to $310.00 and gave the stock an “outperform” rating in a research note on Friday, April 12th. Bank of America increased their price target on Constellation Brands from $290.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, March 18th. UBS Group increased their price target on Constellation Brands from $312.00 to $320.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Roth Mkm reiterated a “buy” rating and set a $305.00 price target on shares of Constellation Brands in a report on Friday, April 12th. Finally, Barclays increased their price target on Constellation Brands from $294.00 to $295.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Three analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, Constellation Brands currently has an average rating of “Moderate Buy” and a consensus price target of $298.55.

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 Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Victoria, Vicky Chamoy, and Pacifico brands.