Rialto Wealth Management LLC Invests $37,000 in Constellation Brands, Inc. (NYSE:STZ)

Rialto Wealth Management LLC bought a new stake in shares of Constellation Brands, Inc. (NYSE:STZ) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 166 shares of the company’s stock, valued at approximately $37,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of STZ. Metis Global Partners LLC raised its stake in Constellation Brands by 0.8% during the third quarter. Metis Global Partners LLC now owns 5,570 shares of the company’s stock valued at $1,435,000 after purchasing an additional 46 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in shares of Constellation Brands by 1.3% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,205 shares of the company’s stock valued at $1,084,000 after buying an additional 52 shares in the last quarter. KCM Investment Advisors LLC lifted its holdings in shares of Constellation Brands by 1.7% in the 3rd quarter. KCM Investment Advisors LLC now owns 3,382 shares of the company’s stock valued at $872,000 after acquiring an additional 56 shares during the last quarter. Allworth Financial LP grew its position in Constellation Brands by 0.8% in the fourth quarter. Allworth Financial LP now owns 7,357 shares of the company’s stock worth $1,626,000 after acquiring an additional 59 shares in the last quarter. Finally, BSW Wealth Partners increased its stake in 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 during the last quarter. 77.34% of the stock is owned by hedge funds and other institutional investors.

Constellation Brands Price Performance

Shares of NYSE:STZ opened at $186.64 on Monday. The business’s fifty day moving average price is $184.27 and its two-hundred day moving average price is $221.13. Constellation Brands, Inc. has a one year low of $160.46 and a one year high of $274.87. The stock has a market cap of $33.73 billion, a PE ratio of 50.17, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Friday, January 10th. The company reported $3.25 EPS 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 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% compared to the same quarter last year. On average, analysts forecast that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a dividend of $1.01 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.16%. Constellation Brands’s payout ratio is currently 108.60%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on STZ. Jefferies Financial Group reaffirmed a “hold” rating and issued a $201.00 price objective (down from $310.00) on shares of Constellation Brands in a research note on Monday, January 13th. Roth Capital lowered their price target on Constellation Brands from $298.00 to $284.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Truist Financial cut their price objective on shares of Constellation Brands from $255.00 to $190.00 and set a “hold” rating on the stock in a research report on Tuesday, January 14th. Barclays lowered their target price on shares of Constellation Brands from $282.00 to $214.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Finally, 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 report on Monday, January 13th. Eleven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Constellation Brands presently has an average rating of “Moderate Buy” and a consensus target price of $253.24.

Insider Activity

In other Constellation Brands news, Director William T. Giles bought 1,000 shares of the business’s stock in a transaction on Friday, January 17th. The shares were bought at an average cost of $186.39 per share, with a total value of $186,390.00. Following the transaction, the director now directly owns 1,463 shares in the company, valued at approximately $272,688.57. This trade represents a 215.98 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 12.19% of the company’s stock.

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.