Constellation Brands, Inc. (NYSE:STZ) Stake Boosted by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC raised its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 5.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,746 shares of the company’s stock after purchasing an additional 471 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Constellation Brands were worth $1,933,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Van ECK Associates Corp boosted its position in Constellation Brands by 1,844.7% during the 4th quarter. Van ECK Associates Corp now owns 924,274 shares of the company’s stock valued at $204,265,000 after purchasing an additional 876,745 shares during the period. Copperleaf Capital LLC acquired a new position in shares of Constellation Brands during the fourth quarter valued at $343,000. Grimes & Company Inc. bought a new position in shares of Constellation Brands during the fourth quarter worth about $6,099,000. Empowered Funds LLC increased its holdings in shares of Constellation Brands by 62.8% in the 4th quarter. Empowered Funds LLC now owns 16,575 shares of the company’s stock worth $3,663,000 after acquiring an additional 6,391 shares during the period. Finally, Southern Style Financial Inc. bought a new stake in Constellation Brands in the 4th quarter valued at about $3,074,000. 77.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

STZ has been the subject of several recent analyst reports. Piper Sandler cut shares of Constellation Brands from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $245.00 to $200.00 in a research report on Monday, February 3rd. Roth Capital decreased their price objective on Constellation Brands from $298.00 to $284.00 and set a “buy” rating for the company in a report on Friday, January 17th. Truist Financial cut their target price 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. Wells Fargo & Company decreased their price target on Constellation Brands from $295.00 to $275.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Finally, UBS Group cut their price objective on shares of Constellation Brands from $265.00 to $223.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $250.41.

Insider Buying and Selling

In other news, Director William T. Giles bought 1,000 shares of the business’s stock in a transaction on Friday, January 17th. The shares were bought at an average cost of $186.39 per share, with a total value of $186,390.00. Following the purchase, the director now directly owns 1,463 shares in the company, valued at $272,688.57. This trade represents a 215.98 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 12.19% of the company’s stock.

Constellation Brands Stock Performance

Shares of NYSE STZ opened at $178.35 on Wednesday. The stock’s fifty day simple moving average is $177.14 and its 200 day simple moving average is $215.89. The stock has a market capitalization of $32.23 billion, a price-to-earnings ratio of 47.94, a PEG ratio of 1.52 and a beta of 0.90. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. Constellation Brands, Inc. has a 52-week low of $160.46 and a 52-week high of $274.87.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The company had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.53 billion. During the same period in the prior year, the business posted $3.19 EPS. The company’s revenue for the quarter was down .3% compared to the same quarter last year. As a group, sell-side analysts forecast that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a $1.01 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.04 annualized dividend and a dividend yield of 2.27%. Constellation Brands’s dividend payout ratio (DPR) is presently 108.60%.

About Constellation Brands

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.