GPS Wealth Strategies Group LLC Sells 245 Shares of Constellation Brands, Inc. (NYSE:STZ)

GPS Wealth Strategies Group LLC lessened its stake in Constellation Brands, Inc. (NYSE:STZ) by 14.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,411 shares of the company’s stock after selling 245 shares during the period. GPS Wealth Strategies Group LLC’s holdings in Constellation Brands were worth $259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in STZ. Vanguard Group Inc. grew its position in shares of Constellation Brands by 13.3% in the 4th quarter. Vanguard Group Inc. now owns 15,534,787 shares of the company’s stock worth $3,433,188,000 after buying an additional 1,821,969 shares during the last quarter. Capital World Investors boosted its stake in Constellation Brands by 3.4% in the fourth quarter. Capital World Investors now owns 9,755,602 shares of the company’s stock valued at $2,155,946,000 after acquiring an additional 324,690 shares in the last quarter. Berkshire Hathaway Inc purchased a new position in Constellation Brands in the fourth quarter worth $1,242,976,000. Geode Capital Management LLC grew its holdings in Constellation Brands by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 3,204,003 shares of the company’s stock worth $705,844,000 after purchasing an additional 63,323 shares during the last quarter. Finally, Capital Research Global Investors increased its position in shares of Constellation Brands by 0.6% during the fourth quarter. Capital Research Global Investors now owns 2,901,975 shares of the company’s stock worth $641,336,000 after purchasing an additional 18,557 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

STZ has been the subject of a number of recent analyst reports. Jefferies Financial Group lowered their price objective on Constellation Brands from $201.00 to $196.00 in a research report on Friday, April 11th. Morgan Stanley lowered their price target on Constellation Brands from $202.00 to $195.00 and set an “equal weight” rating for the company in a report on Friday, April 11th. Piper Sandler upped their price objective on shares of Constellation Brands from $165.00 to $170.00 and gave the company a “neutral” rating in a report on Friday, June 6th. Roth Mkm decreased their price objective on shares of Constellation Brands from $284.00 to $256.00 and set a “buy” rating for the company in a research report on Thursday, April 3rd. Finally, Truist Financial upgraded shares of Constellation Brands from a “hold” rating to a “buy” rating and lifted their target price for the stock from $190.00 to $215.00 in a research note on Wednesday, May 7th. Eleven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Constellation Brands Stock Performance

Shares of STZ stock opened at $169.75 on Friday. Constellation Brands, Inc. has a 52-week low of $160.46 and a 52-week high of $265.70. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. The stock has a market cap of $30.22 billion, a PE ratio of 45.63, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. The business has a 50-day simple moving average of $183.33 and a 200-day simple moving average of $191.77.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results on Wednesday, April 9th. The company reported $2.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.28 by $0.35. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same period in the previous year, the company posted $2.26 earnings per share. Constellation Brands’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, equities analysts expect that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Tuesday, April 29th were given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend was Tuesday, April 29th. This is a positive change from Constellation Brands’s previous quarterly dividend of $1.01. Constellation Brands’s dividend payout ratio (DPR) is currently -800.00%.

Insider Activity at Constellation Brands

In other news, EVP Samuel J. Glaetzer sold 3,150 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $188.54, for a total transaction of $593,901.00. Following the sale, the executive vice president now directly owns 3,126 shares of the company’s stock, valued at $589,376.04. This represents a 50.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 12.19% of the stock is owned by company insiders.

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.