Iams Wealth Management LLC Grows Stock Position in Constellation Brands, Inc. (NYSE:STZ)

Iams Wealth Management LLC lifted its holdings in Constellation Brands, Inc. (NYSE:STZ) by 52.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,498 shares of the company’s stock after purchasing an additional 515 shares during the period. Iams Wealth Management LLC’s holdings in Constellation Brands were worth $331,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of STZ. Public Sector Pension Investment Board increased its stake in shares of Constellation Brands by 78.3% in the 2nd quarter. Public Sector Pension Investment Board now owns 5,704 shares of the company’s stock valued at $1,468,000 after purchasing an additional 2,504 shares in the last quarter. AXA S.A. increased its stake in Constellation Brands by 54.2% during the 2nd quarter. AXA S.A. now owns 2,146 shares of the company’s stock worth $552,000 after buying an additional 754 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in Constellation Brands during the 2nd quarter worth approximately $1,106,000. Creative Planning increased its stake in Constellation Brands by 2.2% during the 2nd quarter. Creative Planning now owns 53,487 shares of the company’s stock worth $13,761,000 after buying an additional 1,162 shares in the last quarter. Finally, Truist Financial Corp boosted its holdings in shares of Constellation Brands by 55.1% during the 2nd quarter. Truist Financial Corp now owns 56,904 shares of the company’s stock worth $14,640,000 after purchasing an additional 20,209 shares during the last quarter. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on STZ. StockNews.com cut Constellation Brands from a “hold” rating to a “sell” rating in a report on Tuesday. Roth Capital cut their target price on Constellation Brands from $298.00 to $284.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Truist Financial cut their price objective 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $308.00 price objective on shares of Constellation Brands in a research report on Tuesday, January 7th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $298.00 price objective on shares of Constellation Brands in a research report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Constellation Brands currently has an average rating of “Moderate Buy” and a consensus price target of $257.14.

Insider Buying and Selling

In related news, Director William T. Giles bought 1,000 shares of the company’s stock in a transaction dated Friday, January 17th. The stock was bought at an average price of $186.39 per share, with a total value of $186,390.00. Following the transaction, the director now owns 1,463 shares of the company’s stock, valued at approximately $272,688.57. This trade represents a 215.98 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP James A. Jr. Sabia sold 36,086 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $242.99, for a total transaction of $8,768,537.14. Following the transaction, the executive vice president now directly owns 16,042 shares of the company’s stock, valued at $3,898,045.58. The trade was a 69.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 61,746 shares of company stock valued at $15,017,097 in the last quarter. Company insiders own 12.19% of the company’s stock.

Constellation Brands Trading Up 0.3 %

Shares of STZ opened at $183.70 on Wednesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. The firm has a 50 day simple moving average of $218.87 and a 200-day simple moving average of $235.16. Constellation Brands, Inc. has a 1-year low of $176.51 and a 1-year high of $274.87. The stock has a market cap of $33.20 billion, a price-to-earnings ratio of 49.49, a price-to-earnings-growth ratio of 1.58 and a beta of 0.91.

Constellation Brands (NYSE:STZ) last announced its earnings results on Friday, January 10th. The company reported $3.25 earnings per share (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 firm’s revenue was down .3% compared to the same quarter last year. During the same quarter last year, the business posted $3.19 EPS. Equities analysts forecast that Constellation Brands, Inc. will post 13.52 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Friday, February 7th. Constellation Brands’s dividend payout ratio (DPR) is 108.60%.

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.