Constellation Brands, Inc. (NYSE:STZ) Shares Sold by Everpar Advisors LLC

Everpar Advisors LLC reduced its stake in Constellation Brands, Inc. (NYSE:STZ) by 11.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,560 shares of the company’s stock after selling 334 shares during the quarter. Everpar Advisors LLC’s holdings in Constellation Brands were worth $566,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Versant Capital Management Inc lifted its stake in Constellation Brands by 887.5% during the fourth quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock worth $35,000 after purchasing an additional 142 shares in the last quarter. Eastern Bank purchased a new stake in shares of Constellation Brands in the 3rd quarter valued at $39,000. FSA Wealth Management LLC acquired a new position in Constellation Brands during the 3rd quarter worth about $42,000. Truvestments Capital LLC purchased a new position in Constellation Brands during the 3rd quarter valued at about $60,000. Finally, Continuum Advisory LLC boosted its holdings in Constellation Brands by 68.0% during the 3rd quarter. Continuum Advisory LLC now owns 252 shares of the company’s stock valued at $61,000 after acquiring an additional 102 shares during the period. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Stock Performance

Shares of Constellation Brands stock opened at $184.66 on Friday. The company has a quick ratio of 0.53, a current ratio of 1.25 and a debt-to-equity ratio of 1.31. Constellation Brands, Inc. has a 52 week low of $176.51 and a 52 week high of $274.87. The firm’s 50 day moving average is $228.73 and its two-hundred day moving average is $239.85. The firm has a market capitalization of $33.53 billion, a P/E ratio of 49.64, a P/E/G ratio of 1.28 and a beta of 0.91.

Constellation Brands (NYSE:STZ) last posted its 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 net margin of 5.29% and a return on equity of 25.34%. 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 business earned $3.19 earnings per share. The company’s quarterly revenue was down .3% on a year-over-year basis. Research analysts forecast that Constellation Brands, Inc. will post 13.72 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Friday, February 7th. Constellation Brands’s payout ratio is currently 108.60%.

Wall Street Analysts Forecast Growth

STZ has been the topic of a number of recent research reports. BNP Paribas assumed coverage on shares of Constellation Brands in a research note on Monday, November 25th. They set a “neutral” rating and a $261.00 price target on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $280.00 target price on shares of Constellation Brands in a research note on Friday, January 10th. Piper Sandler decreased their price target on shares of Constellation Brands from $300.00 to $245.00 and set an “overweight” rating for the company in a research report on Monday. Royal Bank of Canada restated an “outperform” rating and issued a $308.00 price target on shares of Constellation Brands in a research note on Tuesday, January 7th. Finally, Argus cut Constellation Brands from a “buy” rating to a “hold” rating in a research note on Tuesday. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Constellation Brands has a consensus rating of “Moderate Buy” and an average price target of $261.40.

Insider Activity at Constellation Brands

In related news, CEO William A. Newlands sold 7,426 shares of the stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $237.24, for a total transaction of $1,761,744.24. Following the completion of the sale, the chief executive officer now owns 7,274 shares in the company, valued at $1,725,683.76. This represents a 50.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Wildstar Partners Llc sold 660 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $241.00, for a total transaction of $159,060.00. Following the transaction, the insider now directly owns 1,736,884 shares in the company, valued at $418,589,044. The trade was a 0.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 69,172 shares of company stock valued at $16,778,841 in the last three months. 12.19% of the stock is currently owned by company insiders.

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.