Constellation Brands, Inc. (NYSE:STZ) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its holdings in Constellation Brands, Inc. (NYSE:STZFree Report) by 5.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 245,550 shares of the company’s stock after buying an additional 11,896 shares during the period. Envestnet Asset Management Inc. owned approximately 0.13% of Constellation Brands worth $59,362,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Burns Matteson Capital Management LLC lifted its holdings in shares of Constellation Brands by 1.7% during the 4th quarter. Burns Matteson Capital Management LLC now owns 2,499 shares of the company’s stock valued at $604,000 after acquiring an additional 42 shares in the last quarter. 1620 Investment Advisors Inc. lifted its stake in shares of Constellation Brands by 1.8% during the fourth quarter. 1620 Investment Advisors Inc. now owns 2,352 shares of the company’s stock worth $569,000 after purchasing an additional 42 shares in the last quarter. FAS Wealth Partners Inc. boosted its position in shares of Constellation Brands by 3.5% in the fourth quarter. FAS Wealth Partners Inc. now owns 1,277 shares of the company’s stock worth $309,000 after buying an additional 43 shares during the period. Smithfield Trust Co grew its stake in shares of Constellation Brands by 5.3% in the fourth quarter. Smithfield Trust Co now owns 854 shares of the company’s stock valued at $207,000 after buying an additional 43 shares in the last quarter. Finally, Copperwynd Financial LLC raised its holdings in shares of Constellation Brands by 1.6% during the 4th quarter. Copperwynd Financial LLC now owns 2,779 shares of the company’s stock valued at $672,000 after buying an additional 43 shares during the period. 77.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on STZ shares. Roth Mkm restated a “buy” rating and issued a $305.00 price target on shares of Constellation Brands in a report on Friday, April 12th. Barclays decreased their price objective on shares of Constellation Brands from $295.00 to $288.00 and set an “overweight” rating for the company in a research report on Wednesday, May 29th. Evercore ISI increased their price target on Constellation Brands from $300.00 to $310.00 and gave the company an “outperform” rating in a report on Friday, April 12th. Piper Sandler initiated coverage on Constellation Brands in a report on Friday, March 22nd. They set an “overweight” rating and a $300.00 price objective on the stock. Finally, Jefferies Financial Group increased their target price on Constellation Brands from $292.00 to $314.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Three analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $298.20.

Read Our Latest Stock Analysis on STZ

Constellation Brands Trading Up 0.3 %

Shares of NYSE STZ opened at $251.68 on Tuesday. Constellation Brands, Inc. has a 12-month low of $227.50 and a 12-month high of $274.87. The company has a market cap of $46.05 billion, a price-to-earnings ratio of 26.83, a price-to-earnings-growth ratio of 1.69 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 stock’s 50 day simple moving average is $256.41 and its 200 day simple moving average is $251.69.

Constellation Brands (NYSE:STZGet Free Report) last issued its earnings results on Thursday, April 11th. The company reported $2.26 earnings per share for the quarter, topping 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 last year, the company earned $1.98 earnings per share. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities research analysts expect that Constellation Brands, Inc. will post 13.54 EPS for the current year.

Constellation Brands Increases Dividend

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

Insider Buying and Selling at Constellation Brands

In other news, EVP James A. Jr. Sabia sold 15,781 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $263.63, for a total transaction of $4,160,345.03. Following the completion of the transaction, the executive vice president now directly owns 20,910 shares in the company, valued at $5,512,503.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP James A. Jr. Sabia sold 15,781 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $263.63, for a total transaction of $4,160,345.03. Following the transaction, the executive vice president now directly owns 20,910 shares of the company’s stock, valued at $5,512,503.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William A. Newlands sold 4,013 shares of the company’s stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $263.25, for a total transaction of $1,056,422.25. Following the completion of the sale, the chief executive officer now directly owns 5,395 shares of the company’s stock, valued at approximately $1,420,233.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 48,031 shares of company stock worth $12,582,321. 16.19% of the stock is owned by company insiders.

Constellation Brands Company Profile

(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

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

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