Nvest Financial LLC Buys 95 Shares of Constellation Brands, Inc. (NYSE:STZ)

Nvest Financial LLC increased its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 5.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,938 shares of the company’s stock after acquiring an additional 95 shares during the period. Nvest Financial LLC’s holdings in Constellation Brands were worth $428,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Oakworth Capital Inc. grew its holdings in Constellation Brands by 4.4% during the third quarter. Oakworth Capital Inc. now owns 989 shares of the company’s stock valued at $255,000 after purchasing an additional 42 shares during the last quarter. PFG Investments LLC boosted its holdings in shares of Constellation Brands by 3.8% during the 3rd quarter. PFG Investments LLC now owns 1,150 shares of the company’s stock worth $296,000 after buying an additional 42 shares during the period. Metis Global Partners LLC grew its stake in Constellation Brands by 0.8% in the 3rd quarter. Metis Global Partners LLC now owns 5,570 shares of the company’s stock valued at $1,435,000 after buying an additional 46 shares during the last quarter. Rosenberg Matthew Hamilton raised its holdings in Constellation Brands by 6.2% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 858 shares of the company’s stock worth $221,000 after acquiring an additional 50 shares during the period. Finally, Strategic Investment Solutions Inc. IL lifted its position in Constellation Brands by 4.6% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 1,158 shares of the company’s stock worth $298,000 after acquiring an additional 51 shares during the last quarter. 77.34% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, major shareholder Wildstar Partners Llc sold 660 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total value of $159,060.00. Following the completion of the transaction, the insider now owns 1,736,884 shares in the company, valued at $418,589,044. This trade represents a 0.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William T. Giles purchased 1,000 shares of the stock in a transaction on Friday, January 17th. The shares were acquired at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the transaction, the director now owns 1,463 shares of the company’s stock, valued at approximately $272,688.57. The trade was a 215.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 61,746 shares of company stock valued at $15,017,097. Company insiders own 12.19% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on STZ shares. Barclays lowered their price target on Constellation Brands from $282.00 to $214.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Truist Financial dropped their price target on Constellation Brands from $255.00 to $190.00 and set a “hold” rating on the stock in a research report on Tuesday, January 14th. Evercore ISI reduced their price objective on Constellation Brands from $300.00 to $250.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Argus lowered shares of Constellation Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, UBS Group reduced their price target on shares of Constellation Brands from $265.00 to $223.00 and set a “buy” rating for the company in a report on Friday, January 17th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $257.14.

Constellation Brands Stock Down 2.5 %

Shares of NYSE:STZ opened at $183.16 on Wednesday. Constellation Brands, Inc. has a 52 week low of $176.51 and a 52 week high of $274.87. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. The company has a market capitalization of $33.10 billion, a PE ratio of 49.24, a P/E/G ratio of 1.58 and a beta of 0.91. The company’s fifty day moving average is $218.87 and its 200-day moving average is $235.16.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The firm had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter in the prior year, the company earned $3.19 EPS. Constellation Brands’s quarterly revenue was down .3% on a year-over-year basis. Equities research analysts predict that Constellation Brands, Inc. will post 13.52 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued 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 2.21%. Constellation Brands’s payout ratio is 108.60%.

Constellation Brands 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.