Advisor Resource Council Invests $390,000 in Constellation Brands Inc (NYSE:STZ)

Advisor Resource Council acquired a new position in Constellation Brands Inc (NYSE:STZ - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 2,203 shares of the company's stock, valued at approximately $390,000.

A number of other large investors have also recently made changes to their positions in STZ. Brighton Jones LLC grew its position in shares of Constellation Brands by 23.0% in the 4th quarter. Brighton Jones LLC now owns 1,001 shares of the company's stock worth $221,000 after buying an additional 187 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its position in shares of Constellation Brands by 39.7% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 6,096 shares of the company's stock valued at $1,347,000 after purchasing an additional 1,733 shares in the last quarter. Ieq Capital LLC boosted its position in shares of Constellation Brands by 248.6% during the fourth quarter. Ieq Capital LLC now owns 9,734 shares of the company's stock valued at $2,151,000 after purchasing an additional 6,942 shares in the last quarter. Fisher Funds Management LTD bought a new stake in shares of Constellation Brands during the fourth quarter valued at approximately $5,231,000. Finally, Cohen Capital Management Inc. boosted its position in shares of Constellation Brands by 0.9% during the fourth quarter. Cohen Capital Management Inc. now owns 46,493 shares of the company's stock valued at $10,275,000 after purchasing an additional 400 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on STZ. Piper Sandler lifted their price target on Constellation Brands from $165.00 to $170.00 and gave the company a "neutral" rating in a research report on Friday, June 6th. Truist Financial upgraded Constellation Brands from a "hold" rating to a "buy" rating and lifted their price target for the company from $190.00 to $215.00 in a research report on Wednesday, May 7th. Morgan Stanley dropped their price target on Constellation Brands from $202.00 to $195.00 and set an "equal weight" rating on the stock in a research report on Friday, April 11th. Wall Street Zen upgraded Constellation Brands from a "sell" rating to a "hold" rating in a research report on Tuesday, May 20th. Finally, Citigroup lowered their price objective on Constellation Brands from $190.00 to $170.00 and set a "neutral" rating for the company in a research note on Wednesday, June 18th. Eleven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Constellation Brands currently has a consensus rating of "Moderate Buy" and an average price target of $215.87.

Insider Activity at Constellation Brands

In other Constellation Brands news, EVP Samuel J. Glaetzer sold 3,150 shares of the business's stock in a transaction dated 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 sale, the executive vice president now owns 3,126 shares of the company's stock, valued at approximately $589,376.04. The trade was a 50.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 12.45% of the stock is owned by company insiders.

Constellation Brands Stock Up 1.4%

STZ stock opened at $162.30 on Monday. Constellation Brands Inc has a 1-year low of $159.35 and a 1-year high of $265.70. The business has a fifty day moving average price of $181.16 and a 200-day moving average price of $187.96. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.92 and a quick ratio of 0.56. The stock has a market capitalization of $28.89 billion, a P/E ratio of -318.23, a P/E/G ratio of 8.96 and a beta of 0.70.

Constellation Brands (NYSE:STZ - Get Free Report) last posted its quarterly earnings results on Wednesday, April 9th. The company reported $2.63 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.35. Constellation Brands had a positive return on equity of 29.56% and a negative net margin of 0.74%. The firm had revenue of $2.13 billion during the quarter, compared to analysts' expectations of $2.14 billion. During the same quarter in the previous year, the business earned $2.26 earnings per share. The company's revenue was up 1.2% on a year-over-year basis. Equities analysts forecast that Constellation Brands Inc will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Tuesday, April 29th were given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend was Tuesday, April 29th. This is a boost from Constellation Brands's previous quarterly dividend of $1.01. Constellation Brands's dividend payout ratio is -800.00%.

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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