Steward Partners Investment Advisory LLC Has $3.47 Million Position in Constellation Brands, Inc. (NYSE:STZ)

Steward Partners Investment Advisory LLC grew its holdings in Constellation Brands, Inc. (NYSE:STZ) by 5.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,682 shares of the company’s stock after purchasing an additional 821 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Constellation Brands were worth $3,466,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. State Street Corp boosted its stake in Constellation Brands by 6.0% in the third quarter. State Street Corp now owns 7,144,428 shares of the company’s stock worth $1,841,048,000 after purchasing an additional 402,211 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Constellation Brands by 1.2% in the third quarter. Janus Henderson Group PLC now owns 1,853,081 shares of the company’s stock worth $477,515,000 after purchasing an additional 21,454 shares in the last quarter. Van ECK Associates Corp boosted its stake in Constellation Brands by 1,844.7% in the fourth quarter. Van ECK Associates Corp now owns 924,274 shares of the company’s stock worth $204,265,000 after purchasing an additional 876,745 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Constellation Brands by 66.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 369,966 shares of the company’s stock worth $81,762,000 after purchasing an additional 147,457 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in Constellation Brands by 2.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 354,046 shares of the company’s stock worth $78,244,000 after purchasing an additional 7,575 shares in the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Insider Activity at Constellation Brands

In other Constellation Brands news, Director William T. Giles acquired 1,000 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The stock was 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 $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 Securities & Exchange Commission, which can be accessed through this link. 12.19% of the stock is owned by insiders.

Constellation Brands Price Performance

Shares of STZ opened at $186.64 on Friday. 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 stock has a 50 day simple moving average of $184.27 and a 200 day simple moving average of $221.45. Constellation Brands, Inc. has a 52-week low of $160.46 and a 52-week high of $274.87. The firm has a market capitalization of $33.73 billion, a PE ratio of 50.17, a P/E/G ratio of 1.52 and a beta of 1.75.

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

Constellation Brands Announces Dividend

The firm also recently disclosed 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 2.16%. Constellation Brands’s dividend payout ratio is presently 108.60%.

Analyst Ratings Changes

STZ has been the subject of a number of recent research reports. Piper Sandler downgraded Constellation Brands from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $245.00 to $200.00 in a research report on Monday, February 3rd. Royal Bank of Canada dropped their target price on Constellation Brands from $293.00 to $289.00 and set an “outperform” rating for the company in a research report on Friday. Truist Financial dropped their target price on Constellation Brands from $255.00 to $190.00 and set a “hold” rating for the company in a research report on Tuesday, January 14th. JPMorgan Chase & Co. restated a “neutral” rating and set a $203.00 target price (down previously from $262.00) on shares of Constellation Brands in a research report on Monday, January 13th. Finally, Jefferies Financial Group restated a “hold” rating and set a $201.00 target price (down previously from $310.00) on shares of Constellation Brands in a research report on Monday, January 13th. Eleven analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $253.24.

Constellation Brands Company 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.