Constellation Brands, Inc. (NYSE:STZ) Shares Purchased by Moors & Cabot Inc.

Moors & Cabot Inc. boosted its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 0.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,006 shares of the company’s stock after acquiring an additional 144 shares during the period. Moors & Cabot Inc.’s holdings in Constellation Brands were worth $8,235,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in STZ. New Millennium Group LLC purchased a new stake in shares of Constellation Brands during the 2nd quarter worth $25,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Constellation Brands during the 2nd quarter worth about $29,000. Horizon Bancorp Inc. IN acquired a new position in shares of Constellation Brands during the 2nd quarter worth about $32,000. YHB Investment Advisors Inc. purchased a new position in shares of Constellation Brands in the 1st quarter valued at about $35,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Constellation Brands during the 4th quarter worth about $35,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Stock Performance

Shares of STZ opened at $253.53 on Tuesday. The stock has a market capitalization of $46.39 billion, a P/E ratio of 18.89, a P/E/G ratio of 1.69 and a beta of 1.75. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.53 and a current ratio of 1.19. Constellation Brands, Inc. has a 1 year low of $227.50 and a 1 year high of $274.87. The company’s fifty day moving average is $245.91 and its two-hundred day moving average is $253.94.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Wednesday, July 3rd. The company reported $3.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.46 by $0.11. The business had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.67 billion. Constellation Brands had a net margin of 22.70% and a return on equity of 23.72%. The business’s revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.91 earnings per share. On average, sell-side analysts predict that Constellation Brands, Inc. will post 13.53 earnings per share for the current year.

Constellation Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Wednesday, August 14th were issued a $1.01 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $4.04 annualized dividend and a dividend yield of 1.59%. Constellation Brands’s dividend payout ratio is currently 30.10%.

Wall Street Analyst Weigh In

STZ has been the subject of a number of research analyst reports. Truist Financial reaffirmed a “hold” rating and issued a $265.00 price target on shares of Constellation Brands in a report on Wednesday, July 3rd. Barclays increased their target price on shares of Constellation Brands from $287.00 to $295.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. BMO Capital Markets reissued an “outperform” rating and issued a $315.00 price target on shares of Constellation Brands in a research report on Friday, July 5th. Morgan Stanley dropped their price objective 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, Jefferies Financial Group boosted their target price on Constellation Brands from $310.00 to $311.00 and gave the company a “buy” rating in a report on Friday, July 5th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $296.78.

Insider Activity at Constellation Brands

In other Constellation Brands news, EVP Kaneenat Kristann Carey sold 977 shares of the stock in a transaction on Friday, July 12th. The stock was sold at an average price of $261.00, for a total value of $254,997.00. Following the completion of the transaction, the executive vice president now owns 2,706 shares in the company, valued at $706,266. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Constellation Brands news, EVP Kaneenat Kristann Carey sold 977 shares of the company’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $261.00, for a total transaction of $254,997.00. Following the transaction, the executive vice president now directly owns 2,706 shares in the company, valued at $706,266. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Garth Hankinson sold 13,583 shares of Constellation Brands stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $240.00, for a total transaction of $3,259,920.00. Following the sale, the chief financial officer now owns 11,702 shares of the company’s stock, valued at $2,808,480. The disclosure for this sale can be found here. Insiders have sold a total of 16,414 shares of company stock worth $3,982,922 over the last three months. 12.19% of the stock is currently owned by corporate insiders.

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.