Laurel Wealth Advisors LLC Acquires Shares of 175 Constellation Brands, Inc. (NYSE:STZ)

Laurel Wealth Advisors LLC purchased a new position in shares of Constellation Brands, Inc. (NYSE:STZ) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 175 shares of the company’s stock, valued at approximately $32,000.

A number of other institutional investors and hedge funds have also made changes to their positions in STZ. Allworth Financial LP lifted its holdings in Constellation Brands by 0.8% in the 4th 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 in the last quarter. Piscataqua Savings Bank increased its position in Constellation Brands by 1.7% during the 1st quarter. Piscataqua Savings Bank now owns 3,720 shares of the company’s stock worth $683,000 after purchasing an additional 62 shares in the last quarter. Moody National Bank Trust Division raised its stake in shares of Constellation Brands by 0.9% during the first quarter. Moody National Bank Trust Division now owns 6,991 shares of the company’s stock valued at $1,283,000 after purchasing an additional 64 shares during the period. Philip James Wealth Mangement LLC raised its stake 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 valued at $204,000 after purchasing an additional 68 shares during the period. Finally, Barden Capital Management Inc. raised its stake in shares of Constellation Brands by 1.3% during the fourth quarter. Barden Capital Management Inc. now owns 5,574 shares of the company’s stock valued at $1,232,000 after purchasing an additional 72 shares during the period. 77.34% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Constellation Brands

In other Constellation Brands news, EVP Samuel J. Glaetzer sold 3,150 shares of the business’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $188.54, for a total transaction of $593,901.00. Following the completion of the sale, the executive vice president now directly owns 3,126 shares in the company, valued at approximately $589,376.04. The trade was a 50.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 12.19% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Wells Fargo & Company decreased their price target on shares of Constellation Brands from $230.00 to $210.00 and set an “overweight” rating for the company in a research report on Wednesday, April 2nd. CJS Securities cut their target price on Constellation Brands from $196.00 to $194.00 in a research note on Monday, May 19th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Constellation Brands from $191.00 to $185.00 and set a “hold” rating on the stock in a research note on Thursday, June 5th. BMO Capital Markets cut their price objective on shares of Constellation Brands from $260.00 to $215.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. Finally, Piper Sandler boosted their price target on shares of Constellation Brands from $165.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday, June 6th. Eleven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Constellation Brands Price Performance

NYSE:STZ opened at $168.98 on Thursday. The firm has a market capitalization of $30.08 billion, a price-to-earnings ratio of 45.43, a P/E/G ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a 52-week low of $160.46 and a 52-week high of $265.70. The stock has a fifty day moving average of $183.39 and a 200 day moving average of $192.27. 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 released its quarterly earnings results on Wednesday, April 9th. The company reported $2.63 earnings per share for the quarter, beating analysts’ consensus estimates of $2.28 by $0.35. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The business had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter last year, the business posted $2.26 earnings per share. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, research analysts expect that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Tuesday, April 29th were given a $1.02 dividend. This is a boost from Constellation Brands’s previous quarterly dividend of $1.01. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date was Tuesday, April 29th. Constellation Brands’s payout ratio is currently -800.00%.

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.