162 Shares in Constellation Brands, Inc. (NYSE:STZ) Bought by Whipplewood Advisors LLC

Whipplewood Advisors LLC purchased a new stake in Constellation Brands, Inc. (NYSE:STZ) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 162 shares of the company’s stock, valued at approximately $36,000.

Several other hedge funds have also bought and sold shares of the stock. Compagnie Lombard Odier SCmA bought a new stake in shares of Constellation Brands in the fourth quarter worth about $27,000. Union Bancaire Privee UBP SA purchased a new position in Constellation Brands during the 4th quarter valued at approximately $28,000. Versant Capital Management Inc increased its stake in Constellation Brands by 887.5% in the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock worth $35,000 after acquiring an additional 142 shares during the last quarter. Centricity Wealth Management LLC purchased a new stake in shares of Constellation Brands during the 4th quarter worth approximately $35,000. Finally, FSA Wealth Management LLC bought a new position in shares of Constellation Brands during the 3rd quarter valued at approximately $42,000. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Constellation Brands Trading Up 1.4 %

Shares of STZ opened at $175.74 on Friday. The firm has a market capitalization of $31.76 billion, a price-to-earnings ratio of 47.24, a PEG ratio of 1.52 and a beta of 1.75. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. Constellation Brands, Inc. has a 1-year low of $160.46 and a 1-year high of $274.87. The company has a 50-day moving average of $189.00 and a 200 day moving average of $223.60.

Constellation Brands (NYSE:STZ) last posted its quarterly 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 net margin of 6.27% and a return on equity of 26.55%. The company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same period in the prior year, the firm posted $3.19 EPS. The business’s revenue was down .3% on a year-over-year basis. On average, research analysts expect that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date was Friday, February 7th. Constellation Brands’s payout ratio is 108.60%.

Insider Activity

In other Constellation Brands news, Director William T. Giles bought 1,000 shares of the company’s stock in a transaction on Friday, January 17th. The shares were bought at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the acquisition, the director now directly owns 1,463 shares in the company, valued at approximately $272,688.57. The trade was a 215.98 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 12.19% of the company’s stock.

Wall Street Analysts Forecast Growth

STZ has been the topic of several research reports. Truist Financial reduced their price target on shares of Constellation Brands from $255.00 to $190.00 and set a “hold” rating on the stock in a research report on Tuesday, January 14th. TD Cowen decreased their target price on shares of Constellation Brands from $270.00 to $260.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Barclays lowered their price target on shares of Constellation Brands from $282.00 to $214.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Roth Capital reduced their price objective on Constellation Brands from $298.00 to $284.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $201.00 price objective (down from $310.00) on shares of Constellation Brands in a research note on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Constellation Brands has an average rating of “Hold” and an average price target of $253.43.

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.