IRON Financial LLC Sells 91 Shares of Constellation Brands, Inc. (NYSE:STZ)

IRON Financial LLC cut its stake in Constellation Brands, Inc. (NYSE:STZFree Report) by 4.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,751 shares of the company’s stock after selling 91 shares during the quarter. IRON Financial LLC’s holdings in Constellation Brands were worth $423,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in STZ. Indiana Trust & Investment Management CO bought a new position in Constellation Brands in the 3rd quarter worth $25,000. Impact Partnership Wealth LLC raised its holdings in Constellation Brands by 1,175.0% in the 3rd 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 bought a new position in Constellation Brands in the 4th quarter worth $28,000. Asset Dedication LLC raised its holdings in Constellation Brands by 3,833.3% in the 3rd quarter. Asset Dedication LLC now owns 118 shares of the company’s stock worth $30,000 after purchasing an additional 115 shares in the last quarter. Finally, Resurgent Financial Advisors LLC bought a new position in Constellation Brands in the 4th quarter worth $34,000. 77.34% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Constellation Brands news, major shareholder Family Foundation Sands sold 354,616 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $250.26, for a total transaction of $88,746,200.16. Following the sale, the insider now owns 54,461 shares in the company, valued at approximately $13,629,409.86. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 16.19% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on STZ shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $295.00 target price on shares of Constellation Brands in a research report on Thursday, March 7th. Bank of America upped their target price 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. Argus downgraded shares of Constellation Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Piper Sandler started coverage on shares of Constellation Brands in a research report on Friday, March 22nd. They issued an “overweight” rating and a $300.00 target price on the stock. Finally, TheStreet downgraded shares of Constellation Brands from a “b” rating to a “c+” rating in a research report on Friday, January 5th. Four research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $290.37.

Check Out Our Latest Stock Report on STZ

Constellation Brands Price Performance

Shares of NYSE:STZ opened at $271.76 on Monday. The firm’s 50 day moving average price is $253.72 and its 200-day moving average price is $246.52. Constellation Brands, Inc. has a twelve month low of $217.05 and a twelve month high of $273.65. The company has a quick ratio of 0.46, a current ratio of 1.05 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $49.68 billion, a PE ratio of 32.16, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96.

Constellation Brands (NYSE:STZGet Free Report) last issued its quarterly earnings data on Friday, January 5th. The company reported $3.19 earnings per share for the quarter, topping the consensus estimate of $3.03 by $0.16. Constellation Brands had a net margin of 14.76% and a return on equity of 23.35%. The firm had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.54 billion. During the same quarter in the prior year, the business earned $2.83 EPS. The business’s quarterly revenue was up 1.4% on a year-over-year basis. Equities research analysts expect that Constellation Brands, Inc. will post 11.92 EPS for the current year.

Constellation Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Thursday, February 8th were paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date was Wednesday, February 7th. Constellation Brands’s payout ratio is 42.13%.

About Constellation Brands

(Free Report)

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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Institutional Ownership by Quarter for Constellation Brands (NYSE:STZ)

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