Prime Capital Investment Advisors LLC Acquires 501 Shares of Constellation Brands, Inc. (NYSE:STZ)

Prime Capital Investment Advisors LLC grew its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 2.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 20,116 shares of the company’s stock after acquiring an additional 501 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Constellation Brands were worth $5,176,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Orion Portfolio Solutions LLC lifted its holdings in shares of Constellation Brands by 1.1% in the first quarter. Orion Portfolio Solutions LLC now owns 3,676 shares of the company’s stock worth $999,000 after buying an additional 39 shares in the last quarter. Capital Advisors Ltd. LLC lifted its stake in Constellation Brands by 16.5% in the 1st quarter. Capital Advisors Ltd. LLC now owns 290 shares of the company’s stock worth $79,000 after purchasing an additional 41 shares in the last quarter. 1620 Investment Advisors Inc. lifted its stake in Constellation Brands by 1.8% in the 4th quarter. 1620 Investment Advisors Inc. now owns 2,352 shares of the company’s stock worth $569,000 after purchasing an additional 42 shares in the last quarter. Copperwynd Financial LLC boosted its holdings in Constellation Brands by 1.6% in the 4th quarter. Copperwynd Financial LLC now owns 2,779 shares of the company’s stock valued at $672,000 after purchasing an additional 43 shares during the period. Finally, RDA Financial Network grew its position in shares of Constellation Brands by 2.3% during the 1st quarter. RDA Financial Network now owns 1,923 shares of the company’s stock valued at $523,000 after purchasing an additional 44 shares in the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Stock Up 0.3 %

Shares of NYSE:STZ opened at $252.57 on Monday. The stock has a market capitalization of $46.21 billion, a P/E ratio of 18.82, a price-to-earnings-growth ratio of 1.69 and a beta of 1.75. The stock’s 50-day moving average price is $245.91 and its 200-day moving average price is $253.90. The company has a current ratio of 1.19, a quick ratio of 0.53 and a debt-to-equity ratio of 1.06. Constellation Brands, Inc. has a 12-month low of $227.50 and a 12-month high of $274.87.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings results on Wednesday, July 3rd. The company reported $3.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.46 by $0.11. The business had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.67 billion. Constellation Brands had a return on equity of 23.72% and a net margin of 22.70%. Constellation Brands’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the company earned $2.91 EPS. On average, equities analysts anticipate that Constellation Brands, Inc. will post 13.53 earnings per share for the current year.

Constellation Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Wednesday, August 14th were paid a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend was Wednesday, August 14th. Constellation Brands’s payout ratio is 30.10%.

Insider Activity at Constellation Brands

In other Constellation Brands news, EVP Kaneenat Kristann Carey sold 977 shares of the firm’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $261.00, for a total value of $254,997.00. Following the sale, the executive vice president now owns 2,706 shares of the company’s stock, valued at approximately $706,266. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Daniel J. Mccarthy sold 1,854 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $252.43, for a total transaction of $468,005.22. Following the transaction, the director now directly owns 3,232 shares of the company’s stock, valued at $815,853.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Kaneenat Kristann Carey sold 977 shares of the firm’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $261.00, for a total value of $254,997.00. Following the completion of the sale, the executive vice president now directly owns 2,706 shares of the company’s stock, valued at approximately $706,266. The disclosure for this sale can be found here. Insiders sold 16,414 shares of company stock worth $3,982,922 in the last three months. 12.19% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on STZ shares. Jefferies Financial Group increased their price objective on Constellation Brands from $310.00 to $311.00 and gave the stock a “buy” rating in a research report on Friday, July 5th. Truist Financial reaffirmed a “hold” rating and issued a $265.00 price target on shares of Constellation Brands in a report on Wednesday, July 3rd. Morgan Stanley cut their price objective on Constellation Brands from $305.00 to $280.00 and set an “overweight” rating for the company in a report on Monday, August 26th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $308.00 target price on shares of Constellation Brands in a research note on Tuesday, September 3rd. Finally, Roth Mkm dropped their target price on shares of Constellation Brands from $303.00 to $298.00 and set a “buy” rating for the company in a research report on Wednesday, September 4th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $296.78.

About Constellation Brands

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.