Triangle Securities Wealth Management Sells 129 Shares of Constellation Brands, Inc. (NYSE:STZ)

Triangle Securities Wealth Management cut its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,722 shares of the company’s stock after selling 129 shares during the period. Triangle Securities Wealth Management’s holdings in Constellation Brands were worth $1,706,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of STZ. International Assets Investment Management LLC grew its position in Constellation Brands by 23,184.7% during the third quarter. International Assets Investment Management LLC now owns 499,689 shares of the company’s stock valued at $128,765,000 after buying an additional 497,543 shares during the period. State Street Corp boosted its stake in 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 acquiring an additional 402,211 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Constellation Brands by 66.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 369,966 shares of the company’s stock valued at $81,762,000 after acquiring an additional 147,457 shares during the period. NFJ Investment Group LLC increased its stake in shares of Constellation Brands by 617.3% during the 3rd quarter. NFJ Investment Group LLC now owns 108,382 shares of the company’s stock worth $27,929,000 after purchasing an additional 93,273 shares during the last quarter. Finally, World Investment Advisors LLC increased its stake in shares of Constellation Brands by 4,601.2% during the 3rd quarter. World Investment Advisors LLC now owns 87,771 shares of the company’s stock worth $22,618,000 after purchasing an additional 85,904 shares during the last quarter. 77.34% of the stock is currently owned by institutional investors.

Constellation Brands Stock Down 0.3 %

Shares of NYSE:STZ opened at $184.05 on Friday. The firm has a market capitalization of $33.42 billion, a PE ratio of 49.48, a price-to-earnings-growth ratio of 1.28 and a beta of 0.91. 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, Inc. has a 52-week low of $176.51 and a 52-week high of $274.87. The firm has a fifty day moving average of $226.75 and a 200 day moving average of $238.96.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results 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). 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%. The company’s revenue for the quarter was down .3% on a year-over-year basis. During the same period last year, the firm earned $3.19 EPS. As a group, research analysts anticipate that Constellation Brands, Inc. will post 13.72 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a $1.01 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.20%. Constellation Brands’s dividend payout ratio (DPR) is 108.60%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on STZ shares. TD Cowen dropped their price objective on Constellation Brands from $270.00 to $260.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Jefferies Financial Group reiterated a “hold” rating and set a $201.00 price target (down previously from $310.00) on shares of Constellation Brands in a research note on Monday, January 13th. Truist Financial lowered their price objective on Constellation Brands from $255.00 to $190.00 and set a “hold” rating on the stock in a research note on Tuesday, January 14th. StockNews.com lowered shares of Constellation Brands from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Roth Capital reduced their target price on shares of Constellation Brands from $298.00 to $284.00 and set a “buy” rating for the company in a research note on Friday. One research 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $259.05.

Insider Activity

In other Constellation Brands news, CEO William A. Newlands sold 25,000 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were 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. The trade was a 77.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Wildstar Partners Llc sold 660 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total transaction of $159,060.00. Following the sale, the insider now owns 1,736,884 shares of the company’s stock, valued at approximately $418,589,044. This represents a 0.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 69,172 shares of company stock valued at $16,778,841. Corporate insiders own 12.19% of the company’s stock.

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.