Constellation Brands, Inc. (NYSE:STZ) Shares Sold by Williams Jones Wealth Management LLC.

Williams Jones Wealth Management LLC. lowered its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 8.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,672 shares of the company’s stock after selling 506 shares during the period. Williams Jones Wealth Management LLC.’s holdings in Constellation Brands were worth $1,254,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Mainstream Capital Management LLC acquired a new stake in Constellation Brands during the 4th quarter worth approximately $25,000. SBI Securities Co. Ltd. purchased a new stake in shares of Constellation Brands during the fourth quarter worth approximately $26,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Constellation Brands during the fourth quarter worth $27,000. Union Bancaire Privee UBP SA purchased a new position in Constellation Brands in the 4th quarter valued at $28,000. Finally, Minot DeBlois Advisors LLC purchased a new position in Constellation Brands in the 4th quarter valued at $29,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on STZ. Truist Financial upgraded shares of Constellation Brands from a “hold” rating to a “buy” rating and set a $215.00 price objective for the company in a research report on Wednesday, May 7th. Morgan Stanley dropped their price target on shares of Constellation Brands from $202.00 to $195.00 and set an “equal weight” rating on the stock in a research note on Friday, April 11th. Wells Fargo & Company reduced their price objective on shares of Constellation Brands from $230.00 to $210.00 and set an “overweight” rating for the company in a research report on Wednesday, April 2nd. Royal Bank of Canada lowered their price objective on Constellation Brands from $289.00 to $233.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. Finally, JPMorgan Chase & Co. cut their target price on Constellation Brands from $203.00 to $194.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $225.74.

Constellation Brands Stock Down 1.8%

STZ opened at $189.36 on Wednesday. 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 company has a market cap of $33.71 billion, a price-to-earnings ratio of 50.90, a PEG 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 $265.70. The business’s fifty day moving average is $184.44 and its two-hundred day moving average is $198.63.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Wednesday, April 9th. The company reported $2.63 EPS for the quarter, topping the consensus estimate of $2.28 by $0.35. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.14 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.26 EPS. Analysts anticipate that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Tuesday, April 29th were issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Tuesday, April 29th. This is an increase from Constellation Brands’s previous quarterly dividend of $1.01. Constellation Brands’s dividend payout ratio is -800.00%.

Insider Activity

In related news, EVP Samuel J. Glaetzer sold 3,150 shares of Constellation Brands stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $188.54, for a total transaction of $593,901.00. Following the completion of the transaction, the executive vice president now directly owns 3,126 shares in the company, valued at $589,376.04. The trade was a 50.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 12.19% of the company’s stock.

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.