Flagship Wealth Advisors LLC Invests $84,000 in Constellation Brands, Inc. (NYSE:STZ)

Flagship Wealth Advisors LLC acquired a new position in shares of Constellation Brands, Inc. (NYSE:STZ) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 380 shares of the company’s stock, valued at approximately $84,000.

A number of other hedge funds have also recently added to or reduced their stakes in STZ. Mainstream Capital Management LLC bought a new position in Constellation Brands during the 4th quarter worth $25,000. SBI Securities Co. Ltd. acquired a new stake in shares of Constellation Brands in the 4th quarter valued at $26,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Constellation Brands in the 4th quarter valued at $27,000. Union Bancaire Privee UBP SA acquired a new stake in shares of Constellation Brands in the 4th quarter valued at $28,000. Finally, Versant Capital Management Inc boosted its holdings in shares of Constellation Brands by 887.5% in the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock valued at $35,000 after purchasing an additional 142 shares in the last quarter. Institutional investors own 77.34% of the company’s stock.

Insider Transactions at Constellation Brands

In other news, Director William T. Giles bought 1,000 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The stock was acquired at an average cost of $186.39 per share, with a total value of $186,390.00. Following the transaction, the director now directly owns 1,463 shares of the company’s stock, valued at approximately $272,688.57. This represents a 215.98 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 12.19% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on STZ shares. Evercore ISI reduced their target price on Constellation Brands from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Piper Sandler downgraded Constellation Brands from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $245.00 to $200.00 in a report on Monday, February 3rd. Morgan Stanley downgraded Constellation Brands from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $220.00 to $202.00 in a report on Thursday, February 27th. Jefferies Financial Group reissued a “hold” rating and set a $201.00 price objective (down previously from $310.00) on shares of Constellation Brands in a report on Monday, January 13th. Finally, UBS Group cut their price objective on Constellation Brands from $265.00 to $223.00 and set a “buy” rating on the stock in a report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Constellation Brands has an average rating of “Hold” and a consensus target price of $252.81.

Constellation Brands Stock Performance

STZ stock opened at $183.53 on Tuesday. The stock has a 50-day moving average price of $179.79 and a 200-day moving average price of $218.70. Constellation Brands, Inc. has a 1-year low of $160.46 and a 1-year high of $274.87. 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 has a market cap of $33.17 billion, a PE ratio of 49.34, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data 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 business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.53 billion. During the same period last year, the business posted $3.19 earnings per share. The business’s revenue was down .3% on a year-over-year basis. As a group, equities research analysts expect that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Dividend Announcement

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

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.