4WEALTH Advisors Inc. Buys New Shares in Constellation Brands, Inc. (NYSE:STZ)

4WEALTH Advisors Inc. bought a new stake in Constellation Brands, Inc. (NYSE:STZ - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,356 shares of the company's stock, valued at approximately $521,000.

Several other institutional investors and hedge funds also recently made changes to their positions in STZ. Mainstream Capital Management LLC bought a new position in shares of Constellation Brands during the 4th quarter worth approximately $25,000. SBI Securities Co. Ltd. acquired a new position in shares of Constellation Brands in the 4th quarter worth approximately $26,000. Compagnie Lombard Odier SCmA bought a new position in shares of Constellation Brands during the 4th quarter worth approximately $27,000. Union Bancaire Privee UBP SA acquired a new position in shares of Constellation Brands during the fourth quarter worth approximately $28,000. Finally, Optiver Holding B.V. purchased a new position in Constellation Brands during the 4th quarter worth $31,000. Institutional investors own 77.34% of the company's stock.

Constellation Brands Stock Down 1.2 %

Shares of NYSE:STZ opened at $185.33 on Friday. Constellation Brands, Inc. has a 12-month low of $160.46 and a 12-month high of $265.70. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. The business has a fifty day simple moving average of $181.79 and a 200 day simple moving average of $203.32. The firm has a market cap of $33.50 billion, a P/E ratio of 49.82, a P/E/G ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ - Get Free Report) last posted its earnings results 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 during the quarter, compared to analysts' expectations of $2.14 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The firm's revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.26 earnings per share. Analysts predict that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Tuesday, April 29th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.20%. The ex-dividend date is 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%.

Analysts Set New Price Targets

STZ has been the topic of several analyst reports. BMO Capital Markets decreased their price target on Constellation Brands from $260.00 to $215.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. The Goldman Sachs Group reduced their price objective on shares of Constellation Brands from $260.00 to $225.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Evercore ISI decreased their target price on shares of Constellation Brands from $300.00 to $250.00 and set an "outperform" rating for the company in a research note on Monday, January 13th. Roth Capital cut their target price on Constellation Brands from $298.00 to $284.00 and set a "buy" rating on the stock in a research note on Friday, January 17th. Finally, UBS Group cut their price objective on shares of Constellation Brands from $265.00 to $223.00 and set a "buy" rating for the company in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Constellation Brands has an average rating of "Hold" and a consensus price target of $224.42.

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.

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