Constellation Brands, Inc. (NYSE:STZ) Shares Acquired by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE increased its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 6.7% in the fourth quarter, Holdings Channel reports. The firm owned 3,471 shares of the company’s stock after buying an additional 217 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Constellation Brands were worth $767,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Mainstream Capital Management LLC acquired a new stake in shares of Constellation Brands during the fourth quarter worth about $25,000. SBI Securities Co. Ltd. purchased a new stake in Constellation Brands during the 4th quarter valued at approximately $26,000. Compagnie Lombard Odier SCmA purchased a new stake in Constellation Brands during the 4th quarter valued at approximately $27,000. Union Bancaire Privee UBP SA acquired a new stake in Constellation Brands during the 4th quarter worth approximately $28,000. Finally, Versant Capital Management Inc grew its stake in shares of Constellation Brands by 887.5% in the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock valued at $35,000 after purchasing an additional 142 shares during the last quarter. 77.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

STZ has been the subject of several analyst reports. TD Cowen cut their price target on Constellation Brands from $270.00 to $260.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Citigroup downgraded shares of Constellation Brands from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $260.00 to $200.00 in a research report on Thursday, March 20th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $203.00 target price (down previously from $262.00) on shares of Constellation Brands in a report on Monday, January 13th. Jefferies Financial Group reissued a “hold” rating and set a $201.00 price target (down from $310.00) on shares of Constellation Brands in a report on Monday, January 13th. Finally, Morgan Stanley lowered Constellation Brands from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $220.00 to $202.00 in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Constellation Brands currently has an average rating of “Hold” and a consensus price target of $249.18.

Constellation Brands Price Performance

Shares of NYSE:STZ opened at $184.35 on Friday. 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 business’s fifty day moving average price is $177.20 and its two-hundred day moving average price is $215.45. The stock has a market cap of $33.32 billion, a PE ratio of 49.56, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a one year low of $160.46 and a one year high of $274.87.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data 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 company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.53 billion. During the same period in the previous year, the business earned $3.19 EPS. The firm’s revenue was down .3% on a year-over-year basis. On average, analysts forecast that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date was Friday, February 7th. Constellation Brands’s dividend payout ratio is presently 108.60%.

Insider Activity at Constellation Brands

In other Constellation Brands news, Director William T. Giles purchased 1,000 shares of the business’s stock in a transaction on Friday, January 17th. The stock was bought at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the acquisition, the director now owns 1,463 shares of the company’s stock, valued at approximately $272,688.57. The trade was a 215.98 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 12.19% of the company’s stock.

About Constellation Brands

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.