Souders Financial Advisors Sells 4,358 Shares of Constellation Brands Inc (NYSE:STZ)

Souders Financial Advisors trimmed its holdings in shares of Constellation Brands Inc (NYSE:STZ - Free Report) by 57.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,217 shares of the company's stock after selling 4,358 shares during the period. Souders Financial Advisors' holdings in Constellation Brands were worth $590,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Harbor Capital Advisors Inc. increased its holdings in Constellation Brands by 36.4% in the first quarter. Harbor Capital Advisors Inc. now owns 3,051 shares of the company's stock valued at $560,000 after buying an additional 815 shares during the last quarter. Golden State Wealth Management LLC increased its position in shares of Constellation Brands by 137.0% in the first quarter. Golden State Wealth Management LLC now owns 2,204 shares of the company's stock valued at $405,000 after buying an additional 1,274 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of Constellation Brands by 28.9% during the first quarter. Oppenheimer Asset Management Inc. now owns 7,360 shares of the company's stock worth $1,351,000 after buying an additional 1,651 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Constellation Brands by 7.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 17,206 shares of the company's stock worth $3,180,000 after acquiring an additional 1,185 shares during the last quarter. Finally, Bessemer Group Inc. lifted its stake in shares of Constellation Brands by 3.0% in the 1st quarter. Bessemer Group Inc. now owns 2,242 shares of the company's stock valued at $412,000 after purchasing an additional 65 shares in the last quarter. 77.34% of the stock is owned by institutional investors and hedge funds.

Constellation Brands Stock Down 1.5%

NYSE:STZ traded down $2.61 on Monday, hitting $167.96. The stock had a trading volume of 2,233,593 shares, compared to its average volume of 1,949,501. The company has a quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 1.30. The business's fifty day moving average is $173.47 and its 200 day moving average is $179.24. The company has a market cap of $29.61 billion, a PE ratio of 12.71, a P/E/G ratio of 10.32 and a beta of 0.67. Constellation Brands Inc has a 52 week low of $159.35 and a 52 week high of $261.06.

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 business had revenue of $2.52 billion during 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%. Constellation Brands's revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.57 EPS. On average, equities research analysts expect that Constellation Brands Inc will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Wednesday, July 30th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.43%. The ex-dividend date is Wednesday, July 30th. Constellation Brands's dividend payout ratio (DPR) is presently -170.71%.

Insider Transactions at Constellation Brands

In related news, EVP Samuel J. Glaetzer sold 3,150 shares of the firm's stock in a transaction on Tuesday, May 13th. The shares were 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 directly owned 3,126 shares of the company's stock, valued at approximately $589,376.04. This trade represents a 50.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 12.45% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Truist Financial raised Constellation Brands from a "hold" rating to a "buy" rating and increased 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. Roth Mkm decreased their price objective on shares of Constellation Brands from $284.00 to $256.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Roth Capital dropped their price target on shares of Constellation Brands from $256.00 to $239.00 and set a "buy" rating on the stock in a research report on Tuesday, May 20th. Finally, JPMorgan Chase & Co. raised their price objective on Constellation Brands from $170.00 to $182.00 and gave the stock a "neutral" rating in a research report on Thursday, July 3rd. Eleven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Constellation Brands currently 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.