Constellation Brands, Inc. (NYSE:STZ) Stock Holdings Increased by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. boosted its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 1.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,634 shares of the company’s stock after purchasing an additional 423 shares during the period. GHP Investment Advisors Inc.’s holdings in Constellation Brands were worth $8,667,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Brookstone Capital Management increased its stake in Constellation Brands by 2.3% in the 1st quarter. Brookstone Capital Management now owns 14,026 shares of the company’s stock worth $3,812,000 after purchasing an additional 312 shares in the last quarter. Wealthcare Advisory Partners LLC raised its holdings in shares of Constellation Brands by 5.7% during the first quarter. Wealthcare Advisory Partners LLC now owns 3,838 shares of the company’s stock valued at $1,043,000 after acquiring an additional 207 shares during the period. Courier Capital LLC purchased a new stake in shares of Constellation Brands in the 1st quarter valued at approximately $227,000. Register Financial Advisors LLC purchased a new stake in shares of Constellation Brands in the 1st quarter valued at approximately $115,000. Finally, Independence Bank of Kentucky boosted its stake in Constellation Brands by 31.9% in the 1st quarter. Independence Bank of Kentucky now owns 1,934 shares of the company’s stock worth $526,000 after purchasing an additional 468 shares during the period. 77.34% of the stock is currently owned by institutional investors.

Constellation Brands Stock Down 0.6 %

NYSE:STZ traded down $1.33 during trading hours on Friday, reaching $239.38. The company’s stock had a trading volume of 860,981 shares, compared to its average volume of 1,188,132. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.25 and a quick ratio of 0.53. The company has a market cap of $43.80 billion, a price-to-earnings ratio of 17.84, a price-to-earnings-growth ratio of 1.70 and a beta of 1.75. Constellation Brands, Inc. has a one year low of $227.64 and a one year high of $274.87. The business’s 50-day moving average is $246.34 and its 200-day moving average is $250.69.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Thursday, October 3rd. The company reported $4.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.08 by $0.24. Constellation Brands had a return on equity of 25.34% and a net margin of 5.29%. The company had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.95 billion. During the same quarter in the prior year, the company posted $3.70 EPS. The firm’s revenue was up 2.9% on a year-over-year basis. Equities research analysts predict that Constellation Brands, Inc. will post 13.57 EPS for the current year.

Constellation Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Tuesday, November 5th will be given a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Tuesday, November 5th. Constellation Brands’s dividend payout ratio is 30.10%.

Insider Transactions at Constellation Brands

In related news, EVP Samuel J. Glaetzer sold 1,510 shares of the firm’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $245.57, for a total value of $370,810.70. Following the transaction, the executive vice president now directly owns 4,970 shares in the company, valued at approximately $1,220,482.90. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Director Robert Sands sold 119,274 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $242.37, for a total value of $28,908,439.38. Following the completion of the sale, the director now directly owns 431,729 shares of the company’s stock, valued at approximately $104,638,157.73. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Samuel J. Glaetzer sold 1,510 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $245.57, for a total transaction of $370,810.70. Following the completion of the sale, the executive vice president now owns 4,970 shares in the company, valued at approximately $1,220,482.90. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 134,367 shares of company stock worth $32,539,170. 12.19% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on STZ shares. Truist Financial reduced their target price on Constellation Brands from $265.00 to $255.00 and set a “hold” rating for the company in a report on Friday, October 4th. Evercore ISI reduced their price objective on Constellation Brands from $310.00 to $300.00 and set an “outperform” rating for the company in a research note on Friday, October 4th. Roth Mkm restated a “buy” rating and set a $298.00 price objective on shares of Constellation Brands in a research report on Friday, October 4th. Morgan Stanley dropped their target price on Constellation Brands from $305.00 to $280.00 and set an “overweight” rating on the stock in a report on Monday, August 26th. Finally, BMO Capital Markets decreased their price target on shares of Constellation Brands from $315.00 to $305.00 and set an “outperform” rating for the company in a report on Tuesday, October 15th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $290.47.

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.