Assetmark Inc. Has $5.54 Million Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

Assetmark Inc. boosted its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 10.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,071 shares of the company’s stock after buying an additional 2,462 shares during the quarter. Assetmark Inc.’s holdings in Constellation Brands were worth $5,541,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Mainstream Capital Management LLC acquired a new position in Constellation Brands during the 4th quarter worth $25,000. Charles Schwab Investment Management Inc. lifted its holdings in Constellation Brands by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,782,964 shares of the company’s stock worth $394,035,000 after buying an additional 38,786 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in Constellation Brands by 5.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 15,682 shares of the company’s stock worth $3,466,000 after buying an additional 821 shares in the last quarter. Meridian Wealth Management LLC lifted its holdings in Constellation Brands by 7.0% during the 4th quarter. Meridian Wealth Management LLC now owns 1,825 shares of the company’s stock worth $403,000 after buying an additional 120 shares in the last quarter. Finally, Mission Wealth Management LP acquired a new position in Constellation Brands during the 4th quarter worth $204,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Price Performance

STZ stock opened at $186.64 on Friday. The stock has a 50-day moving average price of $184.27 and a two-hundred day moving average price of $221.29. The stock has a market cap of $33.73 billion, a PE ratio of 50.17, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. 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 1 year low of $160.46 and a 1 year high of $274.87.

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

Constellation Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend was Friday, February 7th. Constellation Brands’s dividend payout ratio is currently 108.60%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on STZ shares. TD Cowen cut their price target on Constellation Brands from $270.00 to $260.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Morgan Stanley downgraded Constellation Brands from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $220.00 to $202.00 in a research note on Thursday, February 27th. Truist Financial cut their price target on Constellation Brands from $255.00 to $190.00 and set a “hold” rating on the stock in a research note on Tuesday, January 14th. Wells Fargo & Company cut their price target on Constellation Brands from $295.00 to $275.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Finally, Evercore ISI cut their price target on Constellation Brands from $300.00 to $250.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Eleven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $253.24.

Insider Activity at Constellation Brands

In related news, Director William T. Giles bought 1,000 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were acquired at an average price of $186.39 per share, with a total value of $186,390.00. Following the completion of the transaction, the director now owns 1,463 shares in the company, valued at $272,688.57. The trade was a 215.98 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 12.19% of the stock is owned by company 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.