Brown Financial Advisors Buys 321 Shares of Constellation Brands, Inc. (NYSE:STZ)

Brown Financial Advisors boosted its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 19.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,935 shares of the company’s stock after buying an additional 321 shares during the period. Brown Financial Advisors’ holdings in Constellation Brands were worth $428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Van ECK Associates Corp lifted its holdings in shares of Constellation Brands by 1,844.7% during the fourth quarter. Van ECK Associates Corp now owns 924,274 shares of the company’s stock worth $204,265,000 after purchasing an additional 876,745 shares during the period. Copperleaf Capital LLC acquired a new stake in Constellation Brands in the 4th quarter valued at $343,000. Grimes & Company Inc. purchased a new stake in shares of Constellation Brands during the fourth quarter worth about $6,099,000. Empowered Funds LLC increased its stake in Constellation Brands by 62.8% during the 4th quarter. Empowered Funds LLC now owns 16,575 shares of the company’s stock worth $3,663,000 after buying an additional 6,391 shares in the last quarter. Finally, Southern Style Financial Inc. acquired a new position in Constellation Brands in the 4th quarter valued at $3,074,000. 77.34% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Constellation Brands

In related 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 purchased at an average price of $186.39 per share, with a total value of $186,390.00. Following the purchase, the director now owns 1,463 shares in the company, valued at $272,688.57. This represents a 215.98 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 12.19% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Roth Capital reduced their price objective on Constellation Brands from $298.00 to $284.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Truist Financial dropped their target price on shares of Constellation Brands from $255.00 to $190.00 and set a “hold” rating for the company in a report on Tuesday, January 14th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $203.00 price target (down from $262.00) on shares of Constellation Brands in a research note on Monday, January 13th. Piper Sandler lowered Constellation Brands from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $245.00 to $200.00 in a research report on Monday, February 3rd. Finally, UBS Group lowered their price target on shares of Constellation Brands from $265.00 to $223.00 and set a “buy” rating for the company in a report on Friday, January 17th. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $254.29.

Constellation Brands Stock Performance

Shares of STZ opened at $179.23 on Tuesday. Constellation Brands, Inc. has a 1 year low of $160.46 and a 1 year high of $274.87. 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 company’s fifty day moving average is $193.21 and its two-hundred day moving average is $225.28. The stock has a market capitalization of $32.39 billion, a P/E ratio of 48.18, a P/E/G ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data 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 return on equity of 26.55% and a net margin of 6.27%. The business had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.53 billion. During the same period in the prior year, the company earned $3.19 EPS. The company’s revenue was down .3% on a year-over-year basis. On average, sell-side analysts predict that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend was Friday, February 7th. Constellation Brands’s 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.