Whelan Financial Has $611,000 Stake in Constellation Brands Inc $STZ

Whelan Financial increased its position in Constellation Brands Inc (NYSE:STZ) by 45.1% during the second quarter, HoldingsChannel reports. The institutional investor owned 3,754 shares of the company’s stock after acquiring an additional 1,167 shares during the period. Whelan Financial’s holdings in Constellation Brands were worth $611,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in STZ. Laurel Wealth Advisors LLC acquired a new position in Constellation Brands in the first quarter worth approximately $32,000. Rakuten Securities Inc. boosted its position in Constellation Brands by 805.0% during the first quarter. Rakuten Securities Inc. now owns 181 shares of the company’s stock worth $33,000 after purchasing an additional 161 shares during the period. Zions Bancorporation National Association UT bought a new stake in Constellation Brands during the first quarter worth approximately $38,000. Flaharty Asset Management LLC bought a new stake in Constellation Brands during the first quarter worth approximately $39,000. Finally, Hoey Investments Inc. bought a new stake in Constellation Brands during the second quarter worth approximately $40,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Jefferies Financial Group decreased their target price on Constellation Brands from $205.00 to $179.00 and set a “buy” rating for the company in a research report on Wednesday, September 3rd. Cowen reiterated a “hold” rating on shares of Constellation Brands in a research note on Monday, July 7th. Deutsche Bank Aktiengesellschaft lowered their target price on Constellation Brands from $182.00 to $158.00 and set a “hold” rating for the company in a research note on Wednesday, September 3rd. JPMorgan Chase & Co. raised their target price on Constellation Brands from $170.00 to $182.00 and gave the stock a “neutral” rating in a report on Thursday, July 3rd. Finally, Piper Sandler raised their target price on Constellation Brands from $165.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, June 6th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $188.96.

Insider Buying and Selling at Constellation Brands

In other Constellation Brands news, EVP James O. Bourdeau sold 821 shares of the business’s stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $169.00, for a total transaction of $138,749.00. Following the transaction, the executive vice president owned 9,438 shares of the company’s stock, valued at $1,595,022. The trade was a 8.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 12.45% of the stock is owned by company insiders.

Constellation Brands Trading Up 1.1%

NYSE STZ opened at $140.51 on Friday. The stock has a market capitalization of $24.77 billion, a price-to-earnings ratio of -58.79, a PEG ratio of 0.42 and a beta of 1.75. The stock’s 50 day moving average price is $154.39 and its two-hundred day moving average price is $169.74. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.68 and a current ratio of 1.07. Constellation Brands Inc has a 52 week low of $131.20 and a 52 week high of $254.88.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings results on Tuesday, July 1st. The company reported $3.22 earnings per share for the quarter, missing the consensus estimate of $3.45 by ($0.23). The company had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.57 billion. Constellation Brands had a positive return on equity of 31.41% and a negative net margin of 4.11%.The firm’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period last year, the firm earned $3.57 EPS. As a group, analysts anticipate that Constellation Brands Inc will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 13th. Shareholders of record on Thursday, October 30th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Thursday, October 30th. This represents a $4.08 annualized dividend and a dividend yield of 2.9%. Constellation Brands’s payout ratio is -170.71%.

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.