Forvis Mazars Wealth Advisors LLC Sells 826 Shares of Constellation Brands, Inc. (NYSE:STZ)

Forvis Mazars Wealth Advisors LLC cut its holdings in Constellation Brands, Inc. (NYSE:STZ) by 7.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,721 shares of the company’s stock after selling 826 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in Constellation Brands were worth $2,369,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its position in shares of Constellation Brands by 17.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 12,361 shares of the company’s stock valued at $3,185,000 after purchasing an additional 1,833 shares in the last quarter. Eastern Bank purchased a new position in Constellation Brands during the 3rd quarter valued at about $39,000. Forsta AP Fonden increased its position in shares of Constellation Brands by 11.0% during the third quarter. Forsta AP Fonden now owns 37,400 shares of the company’s stock valued at $9,638,000 after buying an additional 3,700 shares during the period. Arkadios Wealth Advisors increased its position in shares of Constellation Brands by 60.2% during the third quarter. Arkadios Wealth Advisors now owns 2,363 shares of the company’s stock valued at $609,000 after buying an additional 888 shares during the period. Finally, PFG Investments LLC lifted its holdings in shares of Constellation Brands by 3.8% in the third quarter. PFG Investments LLC now owns 1,150 shares of the company’s stock worth $296,000 after buying an additional 42 shares in the last quarter. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Constellation Brands

In other news, Director William T. Giles acquired 1,000 shares of the stock in a transaction dated Friday, January 17th. The stock was purchased at an average cost of $186.39 per share, with a total value of $186,390.00. Following the completion of the purchase, the director now owns 1,463 shares in the company, valued at approximately $272,688.57. The trade was a 215.98 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 12.19% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $240.00 price objective on shares of Constellation Brands in a research note on Monday, January 27th. Truist Financial decreased their price target on shares of Constellation Brands from $255.00 to $190.00 and set a “hold” rating on the stock in a report on Tuesday, January 14th. UBS Group lowered their price objective on Constellation Brands from $265.00 to $223.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. BNP Paribas assumed coverage on Constellation Brands in a research report on Monday, November 25th. They set a “neutral” rating and a $261.00 target price for the company. Finally, StockNews.com raised Constellation Brands from a “sell” rating to a “hold” rating in a report on Thursday, February 13th. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $254.29.

Constellation Brands Stock Up 2.1 %

Shares of NYSE:STZ opened at $176.00 on Monday. The stock has a market capitalization of $31.81 billion, a P/E ratio of 47.31, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. The stock’s 50-day moving average price is $194.29 and its 200-day moving average price is $225.71. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. Constellation Brands, Inc. has a 12-month low of $160.46 and a 12-month high of $274.87.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings results 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 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 last year, the firm earned $3.19 earnings per share. Constellation Brands’s revenue for the quarter was down .3% on a year-over-year basis. On average, equities analysts anticipate that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a dividend of $1.01 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a yield of 2.30%. Constellation Brands’s dividend payout ratio is currently 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.