Signal Advisors Wealth LLC Has $1.08 Million Holdings in Constellation Brands, Inc. (NYSE:STZ)

Signal Advisors Wealth LLC lifted its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 12.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,893 shares of the company’s stock after buying an additional 534 shares during the quarter. Signal Advisors Wealth LLC’s holdings in Constellation Brands were worth $1,081,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Paloma Partners Management Co grew its holdings in Constellation Brands by 568.4% during the 3rd quarter. Paloma Partners Management Co now owns 30,000 shares of the company’s stock worth $7,731,000 after acquiring an additional 25,512 shares during the period. Empowered Funds LLC boosted its position in shares of Constellation Brands by 318.8% in the 3rd quarter. Empowered Funds LLC now owns 10,184 shares of the company’s stock worth $2,624,000 after purchasing an additional 7,752 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of Constellation Brands by 3.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 84,204 shares of the company’s stock worth $21,699,000 after purchasing an additional 2,980 shares during the last quarter. WealthPlan Investment Management LLC grew its stake in shares of Constellation Brands by 29.5% during the third quarter. WealthPlan Investment Management LLC now owns 30,160 shares of the company’s stock worth $7,772,000 after purchasing an additional 6,867 shares during the period. Finally, Signature Estate & Investment Advisors LLC bought a new stake in Constellation Brands in the third quarter valued at about $2,132,000. 77.34% of the stock is owned by institutional investors.

Insider Activity

In other Constellation Brands news, CEO William A. Newlands sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $243.58, for a total value of $6,089,500.00. Following the completion of the transaction, the chief executive officer now directly owns 7,274 shares in the company, valued at $1,771,800.92. This trade represents a 77.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Wildstar Partners Llc sold 660 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total value of $159,060.00. Following the transaction, the insider now directly owns 1,736,884 shares in the company, valued at $418,589,044. This trade represents a 0.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 69,172 shares of company stock worth $16,778,841 in the last quarter. Corporate insiders own 12.19% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on STZ. TD Cowen reduced their target price on Constellation Brands from $270.00 to $260.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $203.00 price objective (down previously from $262.00) on shares of Constellation Brands in a research note on Monday. Evercore ISI lowered their target price on shares of Constellation Brands from $300.00 to $250.00 and set an “outperform” rating for the company in a research note on Monday. Needham & Company LLC reissued a “buy” rating and set a $280.00 price target on shares of Constellation Brands in a research report on Friday, January 10th. Finally, Truist Financial lowered their price objective on shares of Constellation Brands from $255.00 to $190.00 and set a “hold” rating for the company in a research report on Tuesday. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $261.40.

Constellation Brands Stock Down 2.0 %

Shares of Constellation Brands stock opened at $182.18 on Wednesday. The firm has a market cap of $33.08 billion, a PE ratio of 58.96, a P/E/G ratio of 1.69 and a beta of 1.75. The business’s 50 day simple moving average is $229.71 and its 200 day simple moving average is $240.26. 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.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Friday, January 10th. The company reported $3.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). Constellation Brands had a net margin of 5.29% and a return on equity of 25.34%. The business had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.53 billion. During the same quarter last year, the business earned $3.19 earnings per share. Constellation Brands’s revenue for the quarter was down .3% on a year-over-year basis. On average, analysts predict that Constellation Brands, Inc. will post 13.57 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

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 dividend of $1.01 per share. The ex-dividend date is Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.22%. Constellation Brands’s dividend payout ratio is 130.74%.

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.