Ashton Thomas Securities LLC Acquires 233 Shares of Constellation Brands, Inc. (NYSE:STZ)

Ashton Thomas Securities LLC lifted its holdings in Constellation Brands, Inc. (NYSE:STZ) by 22.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,293 shares of the company’s stock after acquiring an additional 233 shares during the period. Ashton Thomas Securities LLC’s holdings in Constellation Brands were worth $286,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in STZ. Allworth Financial LP boosted its stake in Constellation Brands by 0.8% in the 4th quarter. Allworth Financial LP now owns 7,357 shares of the company’s stock worth $1,626,000 after purchasing an additional 59 shares during the period. BSW Wealth Partners lifted its holdings in shares of Constellation Brands by 4.2% in the fourth quarter. BSW Wealth Partners now owns 1,563 shares of the company’s stock worth $345,000 after buying an additional 63 shares in the last quarter. Philip James Wealth Mangement LLC boosted 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 during the last quarter. Oak Asset Management LLC grew its stake in Constellation Brands by 0.4% during the fourth quarter. Oak Asset Management LLC now owns 17,611 shares of the company’s stock valued at $3,892,000 after acquiring an additional 71 shares in the last quarter. Finally, Barden Capital Management Inc. increased its holdings in Constellation Brands by 1.3% in the 4th quarter. Barden Capital Management Inc. now owns 5,574 shares of the company’s stock valued at $1,232,000 after acquiring an additional 72 shares during the last quarter. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Constellation Brands Stock Down 1.1 %

Shares of STZ opened at $178.35 on Wednesday. The firm has a market capitalization of $32.23 billion, a P/E ratio of 47.94, a P/E/G ratio of 1.52 and a beta of 0.90. Constellation Brands, Inc. has a 12-month low of $160.46 and a 12-month high of $274.87. The firm has a fifty day moving average price of $177.14 and a 200-day moving average price of $215.89. 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 (NYSE:STZ) last released its quarterly earnings data on Friday, January 10th. The company reported $3.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.33 by ($0.08). The company had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.53 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. Constellation Brands’s quarterly revenue was down .3% on a year-over-year basis. During the same period last year, the firm earned $3.19 earnings per share. Equities research analysts expect that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date was Friday, February 7th. Constellation Brands’s dividend payout ratio (DPR) is presently 108.60%.

Analyst Ratings Changes

A number of brokerages recently commented on STZ. Truist Financial dropped their price target on Constellation Brands from $255.00 to $190.00 and set a “hold” rating for the company in a research note on Tuesday, January 14th. UBS Group lowered their target price on Constellation Brands from $265.00 to $223.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Barclays reduced their price target on shares of Constellation Brands from $214.00 to $205.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $203.00 price objective (down previously from $262.00) on shares of Constellation Brands in a research report on Monday, January 13th. Finally, Royal Bank of Canada reduced their target price on shares of Constellation Brands from $293.00 to $289.00 and set an “outperform” rating on the stock in a report on Friday, March 7th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Constellation Brands presently has an average rating of “Hold” and an average price target of $250.41.

Insider Buying and Selling at Constellation Brands

In other news, Director William T. Giles purchased 1,000 shares of the business’s stock in a transaction dated Friday, January 17th. The shares were purchased at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the completion of the purchase, the director now owns 1,463 shares in the company, valued at approximately $272,688.57. This represents a 215.98 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 12.19% of the stock is currently owned by corporate insiders.

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.