Constellation Brands, Inc. (NYSE:STZ) Shares Purchased by Global Wealth Management Investment Advisory Inc.

Global Wealth Management Investment Advisory Inc. lifted its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 19.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 9,238 shares of the company’s stock after acquiring an additional 1,514 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in Constellation Brands were worth $2,042,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of STZ. Union Bancaire Privee UBP SA purchased a new stake in Constellation Brands in the fourth quarter valued at $28,000. Versant Capital Management Inc lifted its holdings 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. Eastern Bank acquired a new stake in shares of Constellation Brands in the 3rd quarter valued at about $39,000. FSA Wealth Management LLC purchased a new position in Constellation Brands during the 3rd quarter worth approximately $42,000. Finally, Truvestments Capital LLC acquired a new position in Constellation Brands during the third quarter worth approximately $60,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Insider Buying and Selling at Constellation Brands

In other Constellation Brands news, EVP James A. Jr. Sabia sold 36,086 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $242.99, for a total value of $8,768,537.14. Following the transaction, the executive vice president now directly owns 16,042 shares of the company’s stock, valued at $3,898,045.58. This trade represents a 69.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO William A. Newlands sold 25,000 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $243.58, for a total value of $6,089,500.00. Following the sale, the chief executive officer now owns 7,274 shares in the company, valued at approximately $1,771,800.92. The trade was a 77.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 61,746 shares of company stock worth $15,017,097 in the last quarter. 12.19% of the stock is owned by insiders.

Constellation Brands Price Performance

NYSE:STZ opened at $169.05 on Monday. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. The firm has a market cap of $30.55 billion, a price-to-earnings ratio of 45.44, a price-to-earnings-growth ratio of 1.51 and a beta of 0.90. The company’s 50-day moving average is $208.85 and its two-hundred day moving average is $231.27. Constellation Brands, Inc. has a 12-month low of $166.02 and a 12-month high of $274.87.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $2.53 billion. During the same quarter last year, the firm posted $3.19 earnings per share. The company’s revenue was down .3% on a year-over-year basis. Research analysts expect that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Friday, February 7th. Constellation Brands’s dividend payout ratio is currently 108.60%.

Analyst Ratings Changes

Several research firms have recently weighed in on STZ. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $203.00 price objective (down from $262.00) on shares of Constellation Brands in a report on Monday, January 13th. Evercore ISI lowered their price objective 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. Jefferies Financial Group restated a “hold” rating and issued a $201.00 price objective (down from $310.00) on shares of Constellation Brands in a research note on Monday, January 13th. Piper Sandler downgraded shares of Constellation Brands from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $245.00 to $200.00 in a research note on Monday, February 3rd. Finally, Needham & Company LLC restated a “buy” rating and issued a $240.00 price target on shares of Constellation Brands in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $254.29.

Constellation Brands Company 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.