U.S. Capital Wealth Advisors LLC Takes Position in Constellation Brands Inc (NYSE:STZ)

U.S. Capital Wealth Advisors LLC bought a new position in Constellation Brands Inc (NYSE:STZ - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,726 shares of the company's stock, valued at approximately $317,000.

Several other hedge funds also recently bought and sold shares of STZ. Harbor Capital Advisors Inc. raised its holdings in shares of Constellation Brands by 36.4% during the first quarter. Harbor Capital Advisors Inc. now owns 3,051 shares of the company's stock worth $560,000 after acquiring an additional 815 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Constellation Brands during the fourth quarter worth $26,000. Golden State Wealth Management LLC raised its holdings in shares of Constellation Brands by 137.0% during the first quarter. Golden State Wealth Management LLC now owns 2,204 shares of the company's stock worth $405,000 after acquiring an additional 1,274 shares during the period. Oppenheimer Asset Management Inc. raised 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 acquiring an additional 1,651 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Constellation Brands by 7.4% during 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 period. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on STZ. Wells Fargo & Company dropped their price objective on shares of Constellation Brands from $210.00 to $196.00 and set an "overweight" rating on the stock in a report on Wednesday, June 25th. CJS Securities lowered their price target on shares of Constellation Brands from $196.00 to $194.00 in a research note on Monday, May 19th. The Goldman Sachs Group set a $225.00 price target on shares of Constellation Brands and gave the company a "buy" rating in a research note on Friday, June 27th. JPMorgan Chase & Co. lifted their price target on shares of Constellation Brands from $170.00 to $182.00 and gave the company a "neutral" rating in a research note on Thursday, July 3rd. Finally, Jefferies Financial Group upgraded shares of Constellation Brands from a "hold" rating to a "buy" rating and lifted their price target for the company from $194.00 to $205.00 in a research note on Monday, July 7th. Eleven investment 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 company. According to data from MarketBeat.com, Constellation Brands presently has a consensus rating of "Moderate Buy" and a consensus target price of $213.74.

Constellation Brands Stock Performance

Constellation Brands stock traded up $0.15 during midday trading on Friday, hitting $172.27. The company's stock had a trading volume of 1,370,929 shares, compared to its average volume of 1,926,059. Constellation Brands Inc has a 1-year low of $159.35 and a 1-year high of $261.06. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.07 and a quick ratio of 0.68. The company has a 50-day moving average price of $175.56 and a two-hundred day moving average price of $181.40. The company has a market cap of $30.67 billion, a price-to-earnings ratio of -72.08, a PEG ratio of 10.42 and a beta of 0.67.

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

Constellation Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Wednesday, July 30th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend is Wednesday, July 30th. Constellation Brands's payout ratio is presently -170.71%.

Insider Activity at Constellation Brands

In other news, EVP Samuel J. Glaetzer sold 3,150 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $188.54, for a total value of $593,901.00. Following the completion of the transaction, the executive vice president directly owned 3,126 shares in the company, valued at approximately $589,376.04. The trade was a 50.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 12.45% of the company's stock.

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.