Encompass Wealth Advisors LLC bought a new position in shares of Constellation Brands, Inc. (NYSE:STZ) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 215 shares of the company’s stock, valued at approximately $47,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in Constellation Brands by 14.6% in the 4th quarter. JPMorgan Chase & Co. now owns 7,120,717 shares of the company’s stock worth $1,559,794,000 after buying an additional 908,033 shares during the period. Norges Bank bought a new stake in Constellation Brands during the 4th quarter valued at $365,957,000. Nuveen Asset Management LLC raised its holdings in shares of Constellation Brands by 4.6% in the fourth quarter. Nuveen Asset Management LLC now owns 882,806 shares of the company’s stock valued at $193,378,000 after acquiring an additional 38,996 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Constellation Brands by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 836,594 shares of the company’s stock worth $183,256,000 after acquiring an additional 8,464 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Constellation Brands by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 746,730 shares of the company’s stock worth $163,565,000 after purchasing an additional 12,494 shares during the last quarter. 71.90% of the stock is owned by hedge funds and other institutional investors.
STZ stock opened at $234.94 on Thursday. The company’s 50 day moving average is $226.59 and its two-hundred day moving average is $210.15. Constellation Brands, Inc. has a twelve month low of $149.01 and a twelve month high of $242.62. The company has a current ratio of 1.69, a quick ratio of 1.01 and a debt-to-equity ratio of 0.76. The stock has a market cap of $45.56 billion, a P/E ratio of 22.88, a PEG ratio of 3.15 and a beta of 1.12.
The business also recently declared a quarterly dividend, which was paid on Tuesday, February 23rd. Investors of record on Tuesday, February 9th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.28%. The ex-dividend date was Monday, February 8th. Constellation Brands’s dividend payout ratio (DPR) is 10.20%.
Several equities research analysts have commented on the company. Zacks Investment Research lowered Constellation Brands from a “buy” rating to a “hold” rating and set a $242.00 price objective on the stock. in a research report on Monday, January 11th. UBS Group lifted their price target on Constellation Brands from $238.00 to $256.00 and gave the company a “buy” rating in a research note on Friday, January 8th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their price target on Constellation Brands from $220.00 to $244.00 in a research report on Friday, January 8th. JPMorgan Chase & Co. boosted their price objective on Constellation Brands from $218.00 to $248.00 and gave the company an “overweight” rating in a research report on Monday, December 28th. Finally, Truist lowered Constellation Brands from a “buy” rating to a “hold” rating and set a $240.00 target price on the stock. in a research report on Tuesday, February 16th. Nine research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Constellation Brands presently has a consensus rating of “Buy” and an average target price of $237.30.
In related news, EVP Robert Lee Hanson sold 6,101 shares of the company’s stock in a transaction on Friday, January 8th. The shares were sold at an average price of $228.78, for a total transaction of $1,395,786.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 15.77% of the stock is owned by corporate insiders.
Constellation Brands Company Profile
Constellation Brands, Inc engages in the production, marketing and distribution of beer, wine and spirits. It operates through the following segments: Beer, Wine and Spirits, and Corporate Operations and Other and Canopy. The Beer segment includes imported and craft beer brands. The Wine and Spirits segment sells wine brands across all categories-table wine, sparkling wine and dessert wine-and across all price points.
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