2,484 Shares in Constellation Brands Inc (NYSE:STZ) Purchased by Creekmur Asset Management LLC

Creekmur Asset Management LLC acquired a new position in Constellation Brands Inc (NYSE:STZ - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,484 shares of the company's stock, valued at approximately $456,000.

Several other institutional investors have also recently made changes to their positions in the stock. Brighton Jones LLC grew its holdings in shares of Constellation Brands by 23.0% during the fourth quarter. Brighton Jones LLC now owns 1,001 shares of the company's stock valued at $221,000 after buying an additional 187 shares during the last quarter. Bank Pictet & Cie Europe AG raised its position in Constellation Brands by 39.7% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 6,096 shares of the company's stock valued at $1,347,000 after buying an additional 1,733 shares during the last quarter. Madison Investment Advisors LLC bought a new position in Constellation Brands during the 4th quarter valued at $9,591,000. Thrivent Financial for Lutherans boosted its holdings in Constellation Brands by 3.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 7,580 shares of the company's stock worth $1,697,000 after acquiring an additional 239 shares during the last quarter. Finally, Generali Asset Management SPA SGR purchased a new stake in shares of Constellation Brands during the fourth quarter valued at approximately $946,000. Institutional investors and hedge funds own 77.34% of the company's stock.

Constellation Brands Price Performance

Shares of Constellation Brands stock traded down $0.80 during trading hours on Friday, reaching $170.72. The company's stock had a trading volume of 1,911,327 shares, compared to its average volume of 1,943,684. The stock has a market cap of $30.10 billion, a P/E ratio of -71.43, a P/E/G ratio of 10.38 and a beta of 0.67. Constellation Brands Inc has a one year low of $159.35 and a one year high of $261.06. The firm has a 50 day moving average price of $173.86 and a 200-day moving average price of $180.18. 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 (NYSE:STZ - Get Free Report) last issued its earnings results on Tuesday, July 1st. The company reported $3.22 EPS for the quarter, missing analysts' consensus estimates of $3.45 by ($0.23). The company had revenue of $2.52 billion for the quarter, compared to analysts' expectations of $2.57 billion. Constellation Brands had a positive return on equity of 31.41% and a negative net margin of 4.11%. The business's revenue was down 5.5% compared to the same quarter last year. During the same period last year, the business posted $3.57 earnings per share. On average, analysts predict that Constellation Brands Inc will post 13.5 EPS for the current year.

Constellation Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Wednesday, July 30th will be paid a $1.02 dividend. The ex-dividend date is Wednesday, July 30th. This represents a $4.08 dividend on an annualized basis and a yield of 2.39%. Constellation Brands's dividend payout ratio (DPR) is -170.71%.

Insider Activity

In other news, EVP Samuel J. Glaetzer sold 3,150 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $188.54, for a total transaction of $593,901.00. Following the sale, the executive vice president directly owned 3,126 shares of the company's stock, valued at $589,376.04. This represents a 50.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 12.45% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Constellation Brands from $191.00 to $185.00 and set a "hold" rating on the stock in a report on Thursday, June 5th. Cowen reiterated a "hold" rating on shares of Constellation Brands in a research note on Monday, July 7th. Truist Financial raised shares of Constellation Brands from a "hold" rating to a "buy" rating and boosted their price objective for the company from $190.00 to $215.00 in a report on Wednesday, May 7th. Piper Sandler upped their price objective on Constellation Brands from $165.00 to $170.00 and gave the company a "neutral" rating in a research report on Friday, June 6th. Finally, UBS Group increased their price objective on shares of Constellation Brands from $195.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. Eleven investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Constellation Brands has a consensus rating of "Moderate Buy" and a consensus target price of $213.74.

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.