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Atria Wealth Solutions Inc. Sells 2,627 Shares of Constellation Brands Inc (NYSE:STZ)

Constellation Brands logo with Consumer Staples background

Atria Wealth Solutions Inc. cut its holdings in Constellation Brands Inc (NYSE:STZ - Free Report) by 40.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,841 shares of the company's stock after selling 2,627 shares during the period. Atria Wealth Solutions Inc.'s holdings in Constellation Brands were worth $705,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in STZ. Minot DeBlois Advisors LLC bought a new position in shares of Constellation Brands in the fourth quarter worth about $29,000. Optiver Holding B.V. bought a new position in shares of Constellation Brands in the fourth quarter worth about $31,000. Laurel Wealth Advisors LLC bought a new position in shares of Constellation Brands in the first quarter worth about $32,000. Rakuten Securities Inc. increased its stake in shares of Constellation Brands by 805.0% in the first quarter. Rakuten Securities Inc. now owns 181 shares of the company's stock worth $33,000 after purchasing an additional 161 shares during the period. Finally, Fourth Dimension Wealth LLC bought a new position in shares of Constellation Brands in the fourth quarter worth about $44,000. 77.34% of the stock is currently owned by institutional investors.

Insider Transactions at Constellation Brands

In other Constellation Brands news, EVP James O. Bourdeau sold 821 shares of the company's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $169.00, for a total transaction of $138,749.00. Following the transaction, the executive vice president owned 9,438 shares of the company's stock, valued at approximately $1,595,022. This represents a 8.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 12.45% of the company's stock.

Constellation Brands Stock Up 0.8%

Shares of STZ opened at $170.12 on Wednesday. The company has a market capitalization of $29.99 billion, a P/E ratio of -71.18, a PEG ratio of 10.21 and a beta of 0.67. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.07 and a quick ratio of 0.68. Constellation Brands Inc has a one year low of $159.35 and a one year high of $261.06. The business's 50 day simple moving average is $168.89 and its 200-day simple moving average is $176.67.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its earnings results on Tuesday, July 1st. The company reported $3.22 EPS for the quarter, missing the consensus estimate of $3.45 by ($0.23). The business had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.57 billion. Constellation Brands had a positive return on equity of 31.41% and a negative net margin of 4.11%. The firm's revenue was down 5.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.57 earnings per share. As a group, sell-side analysts predict that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Wednesday, July 30th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Wednesday, July 30th. This represents a $4.08 annualized dividend and a yield of 2.4%. Constellation Brands's dividend payout ratio is currently -170.71%.

Wall Street Analyst Weigh In

STZ has been the topic of a number of recent analyst reports. Barclays set a $202.00 price objective on Constellation Brands and gave the stock an "overweight" rating in a research note on Thursday, June 26th. CJS Securities lowered their price target on Constellation Brands from $196.00 to $194.00 in a research note on Monday, May 19th. Truist Financial upgraded Constellation Brands from a "hold" rating to a "buy" rating and boosted their price target for the company from $190.00 to $215.00 in a research note on Wednesday, May 7th. Bank of America boosted their price target on Constellation Brands from $180.00 to $182.00 and gave the company a "neutral" rating in a research note on Thursday, July 3rd. Finally, Raymond James Financial upgraded Constellation Brands to a "strong-buy" rating in a research note on Monday, July 7th. Eleven analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $213.74.

Get Our Latest Report on STZ

Constellation Brands Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding STZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Constellation Brands Inc (NYSE:STZ - Free Report).

Institutional Ownership by Quarter for Constellation Brands (NYSE:STZ)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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