Gilbert & Cook Inc. Has $1.23 Million Stake in Constellation Brands, Inc. (NYSE:STZ)

Gilbert & Cook Inc. lowered its stake in shares of Constellation Brands, Inc. (NYSE:STZFree Report) by 15.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,074 shares of the company’s stock after selling 949 shares during the quarter. Gilbert & Cook Inc.’s holdings in Constellation Brands were worth $1,227,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in STZ. Kestra Private Wealth Services LLC raised its position in shares of Constellation Brands by 17.2% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 17,218 shares of the company’s stock valued at $4,327,000 after buying an additional 2,526 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Constellation Brands by 15.3% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 32,433 shares of the company’s stock valued at $8,151,000 after purchasing an additional 4,311 shares in the last quarter. Perigon Wealth Management LLC lifted its stake in Constellation Brands by 46.0% during the fourth quarter. Perigon Wealth Management LLC now owns 6,012 shares of the company’s stock worth $1,453,000 after purchasing an additional 1,893 shares during the last quarter. CoreCap Advisors LLC lifted its stake in Constellation Brands by 35.8% during the fourth quarter. CoreCap Advisors LLC now owns 2,002 shares of the company’s stock worth $484,000 after purchasing an additional 528 shares during the last quarter. Finally, Ascent Wealth Partners LLC acquired a new stake in shares of Constellation Brands in the 4th quarter valued at $962,000. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Stock Performance

Shares of Constellation Brands stock opened at $250.23 on Friday. The company has a market cap of $45.79 billion, a P/E ratio of 26.68, a PEG ratio of 1.66 and a beta of 1.75. The company has a current ratio of 1.19, a quick ratio of 0.53 and a debt-to-equity ratio of 1.06. The business has a 50-day moving average price of $258.77 and a two-hundred day moving average price of $251.03. Constellation Brands, Inc. has a 1-year low of $227.50 and a 1-year high of $274.87.

Constellation Brands (NYSE:STZGet Free Report) last issued its quarterly earnings results on Thursday, April 11th. The company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.16. Constellation Brands had a return on equity of 23.06% and a net margin of 16.13%. The firm had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period in the previous year, the firm earned $1.98 earnings per share. The company’s revenue was up 7.1% compared to the same quarter last year. As a group, analysts anticipate that Constellation Brands, Inc. will post 13.56 EPS for the current year.

Constellation Brands Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Friday, May 3rd were issued a dividend of $1.01 per share. The ex-dividend date was Thursday, May 2nd. This is a boost from Constellation Brands’s previous quarterly dividend of $0.89. This represents a $4.04 annualized dividend and a yield of 1.61%. Constellation Brands’s payout ratio is 43.07%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on STZ. Wedbush restated an “outperform” rating and set a $300.00 price objective on shares of Constellation Brands in a research report on Wednesday, April 10th. Barclays reduced their price target on shares of Constellation Brands from $295.00 to $288.00 and set an “overweight” rating on the stock in a research note on Wednesday. Roth Mkm reaffirmed a “buy” rating and set a $305.00 price target on shares of Constellation Brands in a report on Friday, April 12th. HSBC increased their price objective on shares of Constellation Brands from $290.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Finally, Piper Sandler started coverage on shares of Constellation Brands in a research note on Friday, March 22nd. They set an “overweight” rating and a $300.00 target price on the stock. Three research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, Constellation Brands presently has a consensus rating of “Moderate Buy” and an average target price of $298.20.

Read Our Latest Analysis on Constellation Brands

Insiders Place Their Bets

In other news, EVP Michael Mcgrew sold 3,237 shares of the company’s 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 transaction, the executive vice president now directly owns 1,731 shares of the company’s stock, valued at $442,270.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO William A. Newlands sold 25,000 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $261.54, for a total value of $6,538,500.00. Following the transaction, the chief executive officer now directly owns 14,700 shares of the company’s stock, valued at approximately $3,844,638. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael Mcgrew sold 3,237 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $255.50, for a total transaction of $827,053.50. Following the sale, the executive vice president now owns 1,731 shares of the company’s stock, valued at approximately $442,270.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,031 shares of company stock valued at $12,582,321. Corporate insiders own 16.19% of the company’s stock.

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 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.

Further Reading

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

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