Burns J W & Co. Inc. NY decreased its holdings in shares of Constellation Brands, Inc. (NYSE:STZ – Free Report) by 17.6% during the 2nd quarter, Holdings Channel.com reports. The fund owned 4,675 shares of the company’s stock after selling 1,001 shares during the period. Burns J W & Co. Inc. NY’s holdings in Constellation Brands were worth $1,151,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. CVA Family Office LLC raised its position in shares of Constellation Brands by 323.1% during the 2nd quarter. CVA Family Office LLC now owns 110 shares of the company’s stock worth $27,000 after purchasing an additional 84 shares during the period. AXS Investments LLC acquired a new stake in Constellation Brands in the fourth quarter worth $26,000. Old North State Trust LLC lifted its stake in Constellation Brands by 500.0% in the first quarter. Old North State Trust LLC now owns 120 shares of the company’s stock valued at $27,000 after buying an additional 100 shares during the last quarter. Zions Bancorporation N.A. boosted its holdings in shares of Constellation Brands by 135.6% during the fourth quarter. Zions Bancorporation N.A. now owns 139 shares of the company’s stock valued at $32,000 after acquiring an additional 80 shares during the period. Finally, Resurgent Financial Advisors LLC bought a new position in shares of Constellation Brands during the fourth quarter worth about $34,000. Institutional investors own 88.99% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on STZ. Wells Fargo & Company lifted their price objective on shares of Constellation Brands from $275.00 to $280.00 and gave the company an “overweight” rating in a research report on Monday, July 3rd. Roth Capital upgraded Constellation Brands from a “neutral” rating to a “buy” rating in a research report on Tuesday, May 30th. Evercore ISI increased their price objective on Constellation Brands from $260.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, July 19th. Truist Financial increased their price target on Constellation Brands from $220.00 to $240.00 and gave the stock a “hold” rating in a research note on Monday, July 3rd. Finally, BMO Capital Markets increased their price objective on shares of Constellation Brands from $265.00 to $290.00 and gave the company an “outperform” rating in a report on Monday, July 3rd. Five research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $270.05.
Constellation Brands Stock Performance
STZ opened at $260.65 on Tuesday. The company has a quick ratio of 0.53, a current ratio of 1.14 and a debt-to-equity ratio of 1.23. The company has a fifty day moving average price of $262.87 and a two-hundred day moving average price of $242.25. Constellation Brands, Inc. has a 52 week low of $208.12 and a 52 week high of $273.65.
Constellation Brands (NYSE:STZ – Get Free Report) last issued its quarterly earnings data on Friday, June 30th. The company reported $2.91 EPS for the quarter, topping analysts’ consensus estimates of $2.83 by $0.08. The business had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.47 billion. Constellation Brands had a negative net margin of 3.14% and a positive return on equity of 22.32%. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the business posted $2.66 earnings per share. On average, sell-side analysts forecast that Constellation Brands, Inc. will post 11.59 EPS for the current year.
Constellation Brands Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th were issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Wednesday, August 9th. Constellation Brands’s dividend payout ratio (DPR) is currently -194.54%.
Insider Buying and Selling at Constellation Brands
In other Constellation Brands news, Director Daniel J. Mccarthy sold 1,736 shares of Constellation Brands stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $269.86, for a total value of $468,476.96. Following the transaction, the director now owns 3,232 shares in the company, valued at $872,187.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Constellation Brands news, CEO William A. Newlands sold 49,425 shares of the stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $267.90, for a total transaction of $13,240,957.50. Following the completion of the sale, the chief executive officer now directly owns 9,316 shares in the company, valued at approximately $2,495,756.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Daniel J. Mccarthy sold 1,736 shares of the business’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $269.86, for a total value of $468,476.96. Following the completion of the sale, the director now directly owns 3,232 shares of the company’s stock, valued at $872,187.52. The disclosure for this sale can be found here. Insiders have sold a total of 100,819 shares of company stock valued at $27,054,755 in the last ninety days. 16.19% of the stock is currently owned by company insiders.
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 Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Victoria, Vicky Chamoy, and Pacifico brands.
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