Atria Wealth Solutions Inc. Has $1.43 Million Position in Constellation Brands, Inc. (NYSE:STZ)

Atria Wealth Solutions Inc. decreased its stake in Constellation Brands, Inc. (NYSE:STZ) by 7.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,468 shares of the company’s stock after selling 538 shares during the period. Atria Wealth Solutions Inc.’s holdings in Constellation Brands were worth $1,430,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Compagnie Lombard Odier SCmA bought a new position in Constellation Brands during the 4th quarter worth approximately $27,000. Union Bancaire Privee UBP SA bought a new position in Constellation Brands during the fourth quarter worth $28,000. Versant Capital Management Inc raised its stake in Constellation Brands by 887.5% during the fourth quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock worth $35,000 after buying an additional 142 shares during the last quarter. Eastern Bank acquired a new position in Constellation Brands in the third quarter valued at $39,000. Finally, FSA Wealth Management LLC bought a new stake in Constellation Brands during the third quarter valued at $42,000. 77.34% of the stock is currently owned by institutional investors.

Insider Activity at Constellation Brands

In related news, Director William T. Giles bought 1,000 shares of the company’s stock in a transaction on Friday, January 17th. The shares were purchased at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the completion of the purchase, the director now directly owns 1,463 shares in the company, valued at $272,688.57. The trade was a 215.98 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 12.19% of the stock is owned by company insiders.

Constellation Brands Stock Up 2.1 %

Constellation Brands stock opened at $176.00 on Monday. Constellation Brands, Inc. has a fifty-two week low of $160.46 and a fifty-two week high of $274.87. The firm’s 50-day simple moving average is $194.29 and its 200 day simple moving average is $225.71. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10. The stock has a market cap of $31.81 billion, a PE ratio of 47.31, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The business had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.53 billion. During the same period in the previous year, the business posted $3.19 earnings per share. The business’s revenue was down .3% compared to the same quarter last year. Research analysts predict that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend was Friday, February 7th. Constellation Brands’s dividend payout ratio (DPR) is currently 108.60%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. StockNews.com raised Constellation Brands from a “sell” rating to a “hold” rating in a research report on Thursday, February 13th. Needham & Company LLC reissued a “buy” rating and issued a $240.00 price target on shares of Constellation Brands in a research note on Monday, January 27th. Barclays cut their price target on Constellation Brands from $282.00 to $214.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. BNP Paribas assumed coverage on shares of Constellation Brands in a research note on Monday, November 25th. They issued a “neutral” rating and a $261.00 price objective for the company. Finally, Evercore ISI dropped their target price on shares of Constellation Brands from $300.00 to $250.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $254.29.

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.