HBW Advisory Services LLC Has $4.64 Million Position in Constellation Brands, Inc. (NYSE:STZ)

HBW Advisory Services LLC grew its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 1.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,835 shares of the company’s stock after acquiring an additional 194 shares during the period. Constellation Brands accounts for approximately 1.0% of HBW Advisory Services LLC’s investment portfolio, making the stock its 19th biggest holding. HBW Advisory Services LLC’s holdings in Constellation Brands were worth $4,636,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of STZ. AXS Investments LLC bought a new position in shares of Constellation Brands during the 4th quarter worth about $26,000. Old North State Trust LLC boosted its position in shares of Constellation Brands by 3,290.0% during the 1st quarter. Old North State Trust LLC now owns 678 shares of the company’s stock worth $27,000 after purchasing an additional 658 shares in the last quarter. Zions Bancorporation N.A. lifted its position in Constellation Brands by 135.6% in the 4th quarter. Zions Bancorporation N.A. now owns 139 shares of the company’s stock valued at $32,000 after acquiring an additional 80 shares in the last quarter. Resurgent Financial Advisors LLC bought a new position in Constellation Brands in the 4th quarter valued at about $34,000. Finally, Ridgewood Investments LLC bought a new position in Constellation Brands in the 1st quarter valued at about $37,000. 88.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Constellation Brands

In other Constellation Brands news, EVP Robert Lee Hanson sold 12,299 shares of the firm’s stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $268.10, for a total value of $3,297,361.90. Following the completion of the transaction, the executive vice president now directly owns 11,862 shares of the company’s stock, valued at approximately $3,180,202.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Constellation Brands news, EVP Robert Lee Hanson sold 12,299 shares of the firm’s stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $268.10, for a total value of $3,297,361.90. Following the completion of the transaction, the executive vice president now directly owns 11,862 shares of the company’s stock, valued at approximately $3,180,202.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP James O. Bourdeau sold 30,723 shares of the firm’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $269.00, for a total transaction of $8,264,487.00. Following the completion of the transaction, the executive vice president now directly owns 5,500 shares of the company’s stock, valued at $1,479,500. The disclosure for this sale can be found here. In the last ninety days, insiders sold 100,819 shares of company stock worth $27,054,755. Corporate insiders own 16.19% of the company’s stock.

Constellation Brands Stock Performance

Constellation Brands stock traded up $1.03 during mid-day trading on Thursday, reaching $261.21. The company’s stock had a trading volume of 96,171 shares, compared to its average volume of 1,177,916. Constellation Brands, Inc. has a 12-month low of $208.12 and a 12-month high of $273.65. The company has a market capitalization of $47.89 billion, a P/E ratio of -142.17, a PEG ratio of 1.95 and a beta of 1.75. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.53 and a current ratio of 1.14. The firm’s fifty day moving average price is $262.34 and its two-hundred day moving average price is $241.44.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Friday, June 30th. The company reported $2.91 earnings per share for the quarter, beating analysts’ consensus estimates of $2.83 by $0.08. Constellation Brands had a negative net margin of 3.14% and a positive return on equity of 22.32%. The business had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same period in the previous year, the business earned $2.66 EPS. Constellation Brands’s revenue was up 6.4% compared to the same quarter last year. Sell-side analysts predict that Constellation Brands, Inc. will post 11.62 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 24th. Investors of record on Thursday, August 10th were paid a $0.89 dividend. The ex-dividend date was Wednesday, August 9th. This represents a $3.56 dividend on an annualized basis and a yield of 1.36%. Constellation Brands’s dividend payout ratio is -194.54%.

Analysts Set New Price Targets

Several brokerages recently weighed in on STZ. Truist Financial raised their price target on shares of Constellation Brands from $220.00 to $240.00 and gave the company a “hold” rating in a research report on Monday, July 3rd. TheStreet lowered shares of Constellation Brands from a “b-” rating to a “c+” rating in a research note on Tuesday, September 5th. Citigroup increased their price objective on shares of Constellation Brands from $265.00 to $280.00 in a research note on Wednesday, June 21st. Wells Fargo & Company increased their price objective on shares of Constellation Brands from $275.00 to $280.00 and gave the company an “overweight” rating in a research note on Monday, July 3rd. Finally, TD Cowen upgraded shares of Constellation Brands from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $240.00 to $300.00 in a research note on Wednesday, September 6th. Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $270.05.

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 Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Victoria, Vicky Chamoy, and Pacifico brands.