Compass Wealth Management LLC Sells 632 Shares of Constellation Brands, Inc. (NYSE:STZ)

Compass Wealth Management LLC lessened its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 1.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 37,207 shares of the company’s stock after selling 632 shares during the quarter. Constellation Brands makes up approximately 2.0% of Compass Wealth Management LLC’s investment portfolio, making the stock its 5th largest holding. Compass Wealth Management LLC’s holdings in Constellation Brands were worth $8,223,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Toth Financial Advisory Corp lifted its stake in shares of Constellation Brands by 0.9% in the 4th quarter. Toth Financial Advisory Corp now owns 18,925 shares of the company’s stock valued at $4,182,000 after purchasing an additional 165 shares during the period. Grimes & Company Inc. bought a new stake in Constellation Brands in the fourth quarter worth approximately $6,099,000. Pflug Koory LLC lifted its stake in Constellation Brands by 3.0% in the fourth quarter. Pflug Koory LLC now owns 5,376 shares of the company’s stock valued at $1,188,000 after buying an additional 158 shares during the period. Gradient Investments LLC boosted its holdings in shares of Constellation Brands by 14.8% during the 4th quarter. Gradient Investments LLC now owns 55,988 shares of the company’s stock worth $12,373,000 after buying an additional 7,219 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of Constellation Brands by 359.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 5,512 shares of the company’s stock worth $1,218,000 after buying an additional 4,312 shares in the last quarter. Institutional investors own 77.34% of the company’s stock.

Insider Buying and Selling at Constellation Brands

In other news, EVP James A. Jr. Sabia sold 36,086 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $242.99, for a total value of $8,768,537.14. Following the completion of the transaction, the executive vice president now directly owns 16,042 shares of the company’s stock, valued at $3,898,045.58. This trade represents a 69.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William A. Newlands sold 7,426 shares of Constellation Brands stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $237.24, for a total value of $1,761,744.24. Following the completion of the transaction, the chief executive officer now owns 7,274 shares of the company’s stock, valued at approximately $1,725,683.76. This trade represents a 50.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 69,172 shares of company stock worth $16,778,841 over the last ninety days. 12.19% of the stock is currently owned by company insiders.

Constellation Brands Trading Up 1.9 %

NYSE STZ opened at $182.99 on Friday. The stock has a market capitalization of $33.07 billion, a price-to-earnings ratio of 49.19, a PEG ratio of 1.58 and a beta of 0.91. The business’s fifty day moving average is $221.02 and its 200-day moving average is $236.43. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. Constellation Brands, Inc. has a one year low of $176.51 and a one 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 for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The company had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.53 billion. During the same quarter in the previous year, the firm earned $3.19 earnings per share. The firm’s revenue was down .3% compared to the same quarter last year. Equities research analysts predict that Constellation Brands, Inc. will post 13.52 EPS for the current year.

Constellation Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date is Friday, February 7th. Constellation Brands’s dividend payout ratio is currently 108.60%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Wells Fargo & Company decreased their price target on shares of Constellation Brands from $295.00 to $275.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Roth Mkm reaffirmed a “buy” rating and issued a $298.00 target price on shares of Constellation Brands in a research report on Friday, October 4th. BNP Paribas started coverage on Constellation Brands in a report on Monday, November 25th. They issued a “neutral” rating and a $261.00 price target on the stock. Argus downgraded Constellation Brands from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, Piper Sandler cut their target price on Constellation Brands from $300.00 to $245.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $259.05.

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.