Xponance Inc. Has $4.75 Million Stock Position in Constellation Brands, Inc. (NYSE:STZ)

Xponance Inc. lowered its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 2.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,506 shares of the company’s stock after selling 494 shares during the period. Xponance Inc.’s holdings in Constellation Brands were worth $4,753,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Allworth Financial LP raised its holdings in shares of Constellation Brands by 0.8% during the fourth quarter. Allworth Financial LP now owns 7,357 shares of the company’s stock valued at $1,626,000 after purchasing an additional 59 shares during the period. BSW Wealth Partners increased its position in shares of Constellation Brands by 4.2% during the fourth quarter. BSW Wealth Partners now owns 1,563 shares of the company’s stock worth $345,000 after acquiring an additional 63 shares in the last quarter. Philip James Wealth Mangement LLC increased its position in shares of Constellation Brands by 8.0% during the fourth quarter. Philip James Wealth Mangement LLC now owns 923 shares of the company’s stock worth $204,000 after acquiring an additional 68 shares in the last quarter. Oak Asset Management LLC increased its position in shares of Constellation Brands by 0.4% during the fourth quarter. Oak Asset Management LLC now owns 17,611 shares of the company’s stock worth $3,892,000 after acquiring an additional 71 shares in the last quarter. Finally, Hartford Funds Management Co LLC increased its position in shares of Constellation Brands by 4.2% during the third quarter. Hartford Funds Management Co LLC now owns 1,797 shares of the company’s stock worth $463,000 after acquiring an additional 72 shares in the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on STZ shares. Jefferies Financial Group reissued a “hold” rating and set a $201.00 target price (down from $310.00) on shares of Constellation Brands in a research report on Monday, January 13th. StockNews.com downgraded shares of Constellation Brands from a “hold” rating to a “sell” rating in a research report on Friday, March 14th. Barclays reduced their price objective on shares of Constellation Brands from $214.00 to $205.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Truist Financial reduced their price objective on shares of Constellation Brands from $255.00 to $190.00 and set a “hold” rating for the company in a research report on Tuesday, January 14th. Finally, UBS Group reduced their price objective on shares of Constellation Brands from $265.00 to $223.00 and set a “buy” rating for the company in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $252.81.

Insider Activity at Constellation Brands

In other Constellation Brands news, Director William T. Giles bought 1,000 shares of Constellation Brands stock in a transaction that occurred on Friday, January 17th. The shares were bought at an average price of $186.39 per share, with a total value of $186,390.00. Following the acquisition, the director now owns 1,463 shares in the company, valued at approximately $272,688.57. This trade represents a 215.98 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 12.19% of the stock is owned by insiders.

Constellation Brands Stock Performance

Constellation Brands stock opened at $178.99 on Thursday. The firm’s fifty day moving average price is $178.20 and its 200-day moving average price is $217.99. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. The stock has a market cap of $32.35 billion, a P/E ratio of 48.11, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a fifty-two week low of $160.46 and a fifty-two week high of $274.87.

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

Constellation Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 2.26%. The ex-dividend date was Friday, February 7th. Constellation Brands’s dividend payout ratio is currently 108.60%.

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.