Arkadios Wealth Advisors Purchases 196 Shares of Constellation Brands, Inc. (NYSE:STZ)

Arkadios Wealth Advisors grew its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 15.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,475 shares of the company’s stock after acquiring an additional 196 shares during the quarter. Arkadios Wealth Advisors’ holdings in Constellation Brands were worth $380,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of STZ. International Assets Investment Management LLC grew its holdings in shares of Constellation Brands by 3.5% during the fourth quarter. International Assets Investment Management LLC now owns 2,345 shares of the company’s stock valued at $567,000 after buying an additional 79 shares during the last quarter. Choreo LLC acquired a new position in Constellation Brands during the 4th quarter valued at about $583,000. Brighton Jones LLC increased its holdings in Constellation Brands by 13.1% during the 4th quarter. Brighton Jones LLC now owns 935 shares of the company’s stock worth $226,000 after purchasing an additional 108 shares in the last quarter. First Trust Direct Indexing L.P. raised its stake in shares of Constellation Brands by 22.2% in the fourth quarter. First Trust Direct Indexing L.P. now owns 2,230 shares of the company’s stock worth $539,000 after purchasing an additional 405 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Constellation Brands by 11.0% in the fourth quarter. First Horizon Advisors Inc. now owns 3,758 shares of the company’s stock valued at $909,000 after purchasing an additional 373 shares in the last quarter. 77.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Constellation Brands

In other news, EVP Kaneenat Kristann Carey sold 977 shares of the stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $261.00, for a total value of $254,997.00. Following the sale, the executive vice president now directly owns 2,706 shares of the company’s stock, valued at $706,266. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Daniel J. Mccarthy sold 1,854 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $252.43, for a total transaction of $468,005.22. Following the completion of the transaction, the director now directly owns 3,232 shares in the company, valued at $815,853.76. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Kaneenat Kristann Carey sold 977 shares of the company’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $261.00, for a total value of $254,997.00. Following the completion of the transaction, the executive vice president now owns 2,706 shares in the company, valued at $706,266. The disclosure for this sale can be found here. Insiders sold 16,414 shares of company stock valued at $3,982,922 in the last quarter. 12.19% of the stock is currently owned by corporate insiders.

Constellation Brands Price Performance

NYSE STZ opened at $240.71 on Friday. The firm’s 50-day simple moving average is $248.19 and its two-hundred day simple moving average is $253.62. Constellation Brands, Inc. has a 52 week low of $227.50 and a 52 week high of $274.87. The company has a quick ratio of 0.53, a current ratio of 1.19 and a debt-to-equity ratio of 1.06. The company has a market cap of $44.04 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 1.62 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Wednesday, July 3rd. The company reported $3.57 earnings per share for the quarter, beating analysts’ consensus estimates of $3.46 by $0.11. The business had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.67 billion. Constellation Brands had a net margin of 22.70% and a return on equity of 23.72%. Constellation Brands’s revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.91 EPS. Research analysts predict that Constellation Brands, Inc. will post 13.57 earnings per share for the current year.

Constellation Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Wednesday, August 14th were paid a $1.01 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $4.04 annualized dividend and a yield of 1.68%. Constellation Brands’s dividend payout ratio is currently 30.10%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Truist Financial reiterated a “hold” rating and set a $265.00 price target on shares of Constellation Brands in a report on Wednesday, July 3rd. Morgan Stanley lowered their target price on shares of Constellation Brands from $305.00 to $280.00 and set an “overweight” rating for the company in a report on Monday, August 26th. JPMorgan Chase & Co. boosted their price target on shares of Constellation Brands from $291.00 to $320.00 and gave the stock an “overweight” rating in a report on Friday, July 5th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $308.00 price objective on shares of Constellation Brands in a research report on Wednesday, July 31st. Finally, Barclays lifted their target price on shares of Constellation Brands from $287.00 to $295.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Three investment 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 company presently has a consensus rating of “Moderate Buy” and an average target price of $299.21.

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 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.