Constellation Brands, Inc. (NYSE:STZ) Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 13.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,615 shares of the company’s stock after buying an additional 654 shares during the period. Sequoia Financial Advisors LLC’s holdings in Constellation Brands were worth $1,241,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. PFG Advisors grew its stake in Constellation Brands by 12.4% during the 4th quarter. PFG Advisors now owns 1,882 shares of the company’s stock valued at $416,000 after purchasing an additional 208 shares during the last quarter. Wealthfront Advisers LLC boosted its position in Constellation Brands by 547.1% in the fourth quarter. Wealthfront Advisers LLC now owns 20,080 shares of the company’s stock valued at $4,438,000 after buying an additional 16,977 shares during the last quarter. Briaud Financial Planning Inc acquired a new position in Constellation Brands in the 4th quarter worth approximately $110,000. King Luther Capital Management Corp raised its position in Constellation Brands by 7.1% during the 4th quarter. King Luther Capital Management Corp now owns 1,511 shares of the company’s stock worth $334,000 after buying an additional 100 shares during the last quarter. Finally, Clare Market Investments LLC acquired a new stake in Constellation Brands during the 4th quarter valued at approximately $204,000. 77.34% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director William T. Giles purchased 1,000 shares of Constellation Brands stock in a transaction dated Friday, January 17th. The shares were purchased at an average price of $186.39 per share, with a total value of $186,390.00. Following the transaction, the director now owns 1,463 shares in the company, valued at $272,688.57. This represents a 215.98 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 12.19% of the company’s stock.

Constellation Brands Stock Performance

STZ opened at $181.46 on Friday. Constellation Brands, Inc. has a twelve month low of $160.46 and a twelve month high of $274.87. The firm has a market capitalization of $32.79 billion, a PE ratio of 48.78, a PEG ratio of 1.52 and a beta of 1.75. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. The firm’s 50-day moving average price is $180.58 and its 200 day moving average price is $219.23.

Constellation Brands (NYSE:STZ) last issued its earnings results on Friday, January 10th. The company reported $3.25 earnings per share 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 analyst estimates of $2.53 billion. During the same quarter in the prior year, the firm earned $3.19 earnings per share. The company’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 fiscal year.

Constellation Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $1.01 per share. The ex-dividend date was Friday, February 7th. This represents a $4.04 annualized dividend and a dividend yield of 2.23%. Constellation Brands’s dividend payout ratio is presently 108.60%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Barclays lowered their target price on Constellation Brands from $214.00 to $205.00 and set an “overweight” rating on the stock in a research note on Thursday. Needham & Company LLC reaffirmed a “buy” rating and set a $240.00 target price on shares of Constellation Brands in a report on Monday, January 27th. Piper Sandler downgraded shares of Constellation Brands from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $245.00 to $200.00 in a report on Monday, February 3rd. UBS Group cut their price objective on shares of Constellation Brands from $265.00 to $223.00 and set a “buy” rating for the company in a report on Friday, January 17th. Finally, Morgan Stanley cut Constellation Brands from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $220.00 to $202.00 in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Constellation Brands has a consensus rating of “Hold” and a consensus target price of $252.81.

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.