Constellation Brands, Inc. (NYSE:STZ) Shares Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC increased its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 547.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,080 shares of the company’s stock after purchasing an additional 16,977 shares during the period. Wealthfront Advisers LLC’s holdings in Constellation Brands were worth $4,438,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Van ECK Associates Corp grew its stake in shares of Constellation Brands by 1,844.7% in the 4th quarter. Van ECK Associates Corp now owns 924,274 shares of the company’s stock valued at $204,265,000 after buying an additional 876,745 shares during the period. Raymond James Financial Inc. acquired a new stake in Constellation Brands during the fourth quarter worth $105,766,000. State Street Corp increased its stake in Constellation Brands by 6.0% during the third quarter. State Street Corp now owns 7,144,428 shares of the company’s stock worth $1,841,048,000 after acquiring an additional 402,211 shares during the last quarter. Amundi lifted its stake in shares of Constellation Brands by 54.9% in the 4th quarter. Amundi now owns 453,180 shares of the company’s stock valued at $99,373,000 after purchasing an additional 160,563 shares during the last quarter. Finally, OFI Invest Asset Management purchased a new position in shares of Constellation Brands during the 4th quarter worth $31,656,000. 77.34% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Constellation Brands

In other Constellation Brands news, Director William T. Giles purchased 1,000 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was purchased at an average cost of $186.39 per share, with a total value of $186,390.00. Following the completion of the acquisition, the director now directly owns 1,463 shares of the company’s stock, valued at $272,688.57. This trade represents a 215.98 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 12.19% of the company’s stock.

Constellation Brands Stock Down 1.3 %

Shares of Constellation Brands stock opened at $181.41 on Friday. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. Constellation Brands, Inc. has a 52-week low of $160.46 and a 52-week high of $274.87. The company has a market capitalization of $32.79 billion, a P/E ratio of 48.77, a P/E/G ratio of 1.52 and a beta of 1.75. The company has a 50 day moving average of $181.39 and a 200 day moving average of $219.80.

Constellation Brands (NYSE:STZ) last issued its earnings results on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). The firm had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.53 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The business’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.19 EPS. As a group, research analysts forecast that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $1.01 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.23%. Constellation Brands’s payout ratio is currently 108.60%.

Analyst Upgrades and Downgrades

STZ has been the topic of a number of recent analyst reports. Barclays decreased their target price on shares of Constellation Brands from $214.00 to $205.00 and set an “overweight” rating on the stock in a research report on Thursday. StockNews.com lowered shares of Constellation Brands from a “hold” rating to a “sell” rating in a report on Friday. Needham & Company LLC reaffirmed a “buy” rating and set a $240.00 price objective on shares of Constellation Brands in a research report on Monday, January 27th. Truist Financial cut their target price on Constellation Brands from $255.00 to $190.00 and set a “hold” rating on the stock in a research report on Tuesday, January 14th. Finally, Piper Sandler lowered Constellation Brands from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $245.00 to $200.00 in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $252.81.

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.