EP Wealth Advisors LLC Invests $207,000 in Constellation Brands, Inc. (NYSE:STZ)

EP Wealth Advisors LLC purchased a new stake in shares of Constellation Brands, Inc. (NYSE:STZ) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 805 shares of the company’s stock, valued at approximately $207,000.

Several other institutional investors also recently added to or reduced their stakes in STZ. Kovitz Investment Group Partners LLC grew its position in shares of Constellation Brands by 31.6% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 40,233 shares of the company’s stock valued at $9,832,000 after acquiring an additional 9,651 shares during the period. Voya Financial Advisors Inc. purchased a new position in Constellation Brands in the third quarter valued at approximately $229,000. State Street Corp grew its holdings in Constellation Brands by 6.0% during the third quarter. State Street Corp now owns 7,144,428 shares of the company’s stock valued at $1,841,048,000 after purchasing an additional 402,211 shares during the period. Stifel Financial Corp increased its position in Constellation Brands by 9.9% in the third quarter. Stifel Financial Corp now owns 213,497 shares of the company’s stock worth $55,028,000 after buying an additional 19,181 shares during the last quarter. Finally, Quantinno Capital Management LP raised its stake in shares of Constellation Brands by 58.4% in the third quarter. Quantinno Capital Management LP now owns 7,944 shares of the company’s stock valued at $2,047,000 after buying an additional 2,928 shares during the period. Institutional investors own 77.34% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on STZ. Morgan Stanley decreased their price objective on Constellation Brands from $305.00 to $280.00 and set an “overweight” rating for the company in a report on Monday, August 26th. Truist Financial lowered their price target on shares of Constellation Brands from $265.00 to $255.00 and set a “hold” rating on the stock in a research report on Friday, October 4th. Barclays cut their price objective on shares of Constellation Brands from $309.00 to $300.00 and set an “overweight” rating for the company in a report on Monday, October 7th. Bank of America reissued a “neutral” rating and set a $255.00 target price (down previously from $300.00) on shares of Constellation Brands in a report on Monday, October 7th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $298.00 price target on shares of Constellation Brands in a report on Friday, October 4th. Five analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $288.70.

Insider Buying and Selling

In related news, EVP Samuel J. Glaetzer sold 1,510 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $245.57, for a total transaction of $370,810.70. Following the transaction, the executive vice president now directly owns 4,970 shares in the company, valued at $1,220,482.90. This trade represents a 23.30 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Wildstar Partners Llc sold 660 shares of Constellation Brands 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 completion of the transaction, the insider now directly owns 1,736,884 shares in the company, valued at approximately $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 189,956 shares of company stock worth $46,058,091 in the last quarter. 12.19% of the stock is owned by insiders.

Constellation Brands Trading Up 0.1 %

Shares of Constellation Brands stock opened at $239.66 on Friday. The company has a 50 day simple moving average of $238.99 and a two-hundred day simple moving average of $246.02. The firm has a market cap of $43.51 billion, a PE ratio of 77.56, a PEG ratio of 1.69 and a beta of 1.75. Constellation Brands, Inc. has a 1 year low of $224.76 and a 1 year high of $274.87. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.25 and a quick ratio of 0.53.

Constellation Brands (NYSE:STZ) last announced its earnings results on Thursday, October 3rd. The company reported $4.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.08 by $0.24. Constellation Brands had a net margin of 5.29% and a return on equity of 25.34%. The company had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.95 billion. During the same period in the previous year, the business earned $3.70 earnings per share. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. Analysts expect that Constellation Brands, Inc. will post 13.57 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Tuesday, November 5th were issued a dividend of $1.01 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.69%. Constellation Brands’s dividend payout ratio is 130.74%.

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.