Bison Wealth LLC Buys 141 Shares of Constellation Brands, Inc. (NYSE:STZ)

Bison Wealth LLC raised its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 15.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,066 shares of the company’s stock after acquiring an additional 141 shares during the quarter. Bison Wealth LLC’s holdings in Constellation Brands were worth $258,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Impact Partnership Wealth LLC boosted its stake in Constellation Brands by 1,175.0% in the third quarter. Impact Partnership Wealth LLC now owns 102 shares of the company’s stock worth $26,000 after purchasing an additional 94 shares in the last quarter. BKM Wealth Management LLC acquired a new stake in Constellation Brands in the 4th quarter valued at about $28,000. Asset Dedication LLC raised its stake in shares of Constellation Brands by 3,833.3% in the third quarter. Asset Dedication LLC now owns 118 shares of the company’s stock worth $30,000 after acquiring an additional 115 shares during the last quarter. Resurgent Financial Advisors LLC bought a new position in shares of Constellation Brands in the fourth quarter worth about $34,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in shares of Constellation Brands during the fourth quarter worth approximately $37,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on STZ. Bank of America boosted their price objective on shares of Constellation Brands from $290.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. UBS Group raised their price target on Constellation Brands from $312.00 to $320.00 and gave the company a “buy” rating in a report on Friday, April 12th. Evercore ISI boosted their price objective on Constellation Brands from $300.00 to $310.00 and gave the stock an “outperform” rating in a report on Friday, April 12th. JPMorgan Chase & Co. reduced their target price on shares of Constellation Brands from $309.00 to $301.00 and set an “overweight” rating on the stock in a research note on Thursday, December 21st. Finally, Wedbush reissued an “outperform” rating and set a $300.00 price target on shares of Constellation Brands in a research note on Wednesday, April 10th. Three research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, Constellation Brands currently has an average rating of “Moderate Buy” and a consensus target price of $298.55.

Insider Transactions at Constellation Brands

In related news, EVP James A. Jr. Sabia sold 15,781 shares of Constellation Brands stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $263.63, for a total value of $4,160,345.03. Following the sale, the executive vice president now owns 20,910 shares of the company’s stock, valued at approximately $5,512,503.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 16.19% of the stock is owned by insiders.

Constellation Brands Price Performance

NYSE STZ opened at $257.31 on Thursday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.53 and a current ratio of 1.19. The stock has a market cap of $47.04 billion, a price-to-earnings ratio of 27.43, a PEG ratio of 1.75 and a beta of 0.97. The business has a 50 day simple moving average of $257.51 and a 200 day simple moving average of $247.13. Constellation Brands, Inc. has a 52-week low of $221.81 and a 52-week high of $274.87.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Thursday, April 11th. The company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.16. The company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.09 billion. Constellation Brands had a net margin of 16.13% and a return on equity of 23.06%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.98 earnings per share. Analysts anticipate that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.57%. This is a positive change from Constellation Brands’s previous quarterly dividend of $0.89. The ex-dividend date is Thursday, May 2nd. Constellation Brands’s payout ratio is 37.95%.

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