Valeo Financial Advisors LLC Increases Stake in Constellation Brands, Inc. (NYSE:STZ)

Valeo Financial Advisors LLC lifted its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 4.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,534 shares of the company’s stock after purchasing an additional 703 shares during the period. Valeo Financial Advisors LLC’s holdings in Constellation Brands were worth $4,493,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of STZ. Plimoth Trust Co. LLC grew its position in Constellation Brands by 58.5% during the 1st quarter. Plimoth Trust Co. LLC now owns 5,147 shares of the company’s stock worth $1,399,000 after purchasing an additional 1,900 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new stake in Constellation Brands in the first quarter valued at $232,000. Naviter Wealth LLC acquired a new stake in shares of Constellation Brands during the 1st quarter valued at approximately $204,000. West Oak Capital LLC boosted its position in shares of Constellation Brands by 1.3% in the 1st quarter. West Oak Capital LLC now owns 7,175 shares of the company’s stock worth $1,950,000 after buying an additional 95 shares in the last quarter. Finally, InTrack Investment Management Inc acquired a new stake in Constellation Brands during the 1st quarter valued at $465,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Michael Mcgrew sold 3,237 shares of Constellation Brands stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $255.50, for a total value of $827,053.50. Following the transaction, the executive vice president now owns 1,731 shares in the company, valued at approximately $442,270.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Constellation Brands news, EVP Michael Mcgrew sold 3,237 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $255.50, for a total value of $827,053.50. Following the completion of the sale, the executive vice president now owns 1,731 shares in the company, valued at approximately $442,270.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO William A. Newlands sold 4,013 shares of the company’s stock in a transaction on Friday, April 19th. The stock was sold at an average price of $263.25, for a total transaction of $1,056,422.25. Following the completion of the transaction, the chief executive officer now owns 5,395 shares of the company’s stock, valued at $1,420,233.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 48,031 shares of company stock valued at $12,582,321. Corporate insiders own 12.19% of the company’s stock.

Constellation Brands Stock Down 3.3 %

NYSE:STZ traded down $8.57 on Wednesday, hitting $250.37. The stock had a trading volume of 2,666,266 shares, compared to its average volume of 1,204,989. The company has a quick ratio of 0.53, a current ratio of 1.19 and a debt-to-equity ratio of 1.06. Constellation Brands, Inc. has a 52 week low of $227.50 and a 52 week high of $274.87. The business’s fifty day moving average is $255.22 and its 200 day moving average is $254.02. The company has a market cap of $45.81 billion, a PE ratio of 26.69, a P/E/G ratio of 1.71 and a beta of 0.87.

Constellation Brands (NYSE:STZ) last released its earnings results on Wednesday, July 3rd. The company reported $3.57 earnings per share for the quarter, beating analysts’ consensus estimates of $3.46 by $0.11. Constellation Brands had a net margin of 16.13% and a return on equity of 23.06%. The firm had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.67 billion. During the same period in the prior year, the firm earned $2.91 EPS. The company’s revenue was up 5.8% compared to the same quarter last year. On average, equities research analysts expect that Constellation Brands, Inc. will post 13.67 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Wednesday, August 14th will be issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.61%. Constellation Brands’s payout ratio is 43.07%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on STZ. HSBC increased their target price on Constellation Brands from $290.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. BMO Capital Markets upped their price objective on shares of Constellation Brands from $290.00 to $315.00 and gave the company an “outperform” rating in a research report on Friday, April 12th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Constellation Brands from $256.00 to $262.00 and gave the stock a “hold” rating in a research report on Wednesday, April 10th. Truist Financial restated a “hold” rating and issued a $265.00 target price on shares of Constellation Brands in a research note on Wednesday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $308.00 price objective on shares of Constellation Brands in a report on Tuesday, May 28th. Three equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $298.63.

Constellation Brands Company 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.