Shelton Wealth Management LLC Cuts Stake in Constellation Brands, Inc. (NYSE:STZ)

Shelton Wealth Management LLC lessened its stake in Constellation Brands, Inc. (NYSE:STZ) by 63.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,051 shares of the company’s stock after selling 1,855 shares during the quarter. Shelton Wealth Management LLC’s holdings in Constellation Brands were worth $232,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of STZ. Premier Path Wealth Partners LLC boosted its holdings in shares of Constellation Brands by 9.4% during the 4th quarter. Premier Path Wealth Partners LLC now owns 5,642 shares of the company’s stock valued at $1,247,000 after purchasing an additional 485 shares during the last quarter. Sanibel Captiva Trust Company Inc. lifted its position in shares of Constellation Brands by 7.5% in the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 16,356 shares of the company’s stock worth $3,615,000 after buying an additional 1,147 shares in the last quarter. Arkadios Wealth Advisors boosted its stake in Constellation Brands by 7.1% during the fourth quarter. Arkadios Wealth Advisors now owns 2,530 shares of the company’s stock valued at $559,000 after buying an additional 167 shares during the last quarter. B & T Capital Management DBA Alpha Capital Management grew its holdings in Constellation Brands by 3.1% during the 4th quarter. B & T Capital Management DBA Alpha Capital Management now owns 17,897 shares of the company’s stock valued at $3,955,000 after buying an additional 546 shares in the last quarter. Finally, Merit Financial Group LLC increased its stake in Constellation Brands by 132.9% in the 4th quarter. Merit Financial Group LLC now owns 2,271 shares of the company’s stock worth $502,000 after acquiring an additional 1,296 shares during the last quarter. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Stock Down 0.3 %

Shares of NYSE STZ opened at $184.05 on Friday. The stock has a 50 day moving average price of $227.76 and a 200 day moving average price of $239.46. The firm has a market capitalization of $33.42 billion, a price-to-earnings ratio of 49.48, a PEG ratio of 1.28 and a beta of 0.91. Constellation Brands, Inc. has a 52-week low of $176.51 and a 52-week high of $274.87. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.53 and a current ratio of 1.25.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings results on Friday, January 10th. The company reported $3.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). The firm had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.53 billion. Constellation Brands had a return on equity of 25.34% and a net margin of 5.29%. Constellation Brands’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the company posted $3.19 EPS. Sell-side analysts expect that Constellation Brands, Inc. will post 13.72 earnings per share for the current year.

Constellation Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders 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 2.20%. The ex-dividend date of this dividend is Friday, February 7th. Constellation Brands’s dividend payout ratio (DPR) is 108.60%.

Insider Activity

In other Constellation Brands news, EVP James A. Jr. Sabia sold 36,086 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $242.99, for a total value of $8,768,537.14. Following the completion of the transaction, the executive vice president now directly owns 16,042 shares in the company, valued at approximately $3,898,045.58. The trade was a 69.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO William A. Newlands sold 25,000 shares of Constellation Brands stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $243.58, for a total transaction of $6,089,500.00. Following the completion of the transaction, the chief executive officer now directly owns 7,274 shares in the company, valued at approximately $1,771,800.92. The trade was a 77.46 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 69,172 shares of company stock worth $16,778,841. 12.19% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on STZ shares. Roth Capital cut their target price on shares of Constellation Brands from $298.00 to $284.00 and set a “buy” rating for the company in a report on Friday. UBS Group dropped their price objective on shares of Constellation Brands from $265.00 to $223.00 and set a “buy” rating for the company in a research note on Friday. Roth Mkm restated a “buy” rating and set a $298.00 target price on shares of Constellation Brands in a research report on Friday, October 4th. Bank of America reissued a “neutral” rating and set a $255.00 price objective (down from $300.00) on shares of Constellation Brands in a research note on Monday, October 7th. Finally, Truist Financial lowered their price objective on Constellation Brands from $255.00 to $190.00 and set a “hold” rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $259.05.

Constellation Brands Company 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.