Wealth Enhancement Advisory Services LLC Increases Stock Position in Constellation Brands, Inc. (NYSE:STZ)

Wealth Enhancement Advisory Services LLC lifted its stake in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 25.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 278,489 shares of the company's stock after purchasing an additional 55,980 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.15% of Constellation Brands worth $61,546,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in STZ. Brighton Jones LLC boosted its holdings in Constellation Brands by 23.0% during the fourth quarter. Brighton Jones LLC now owns 1,001 shares of the company's stock worth $221,000 after buying an additional 187 shares in the last quarter. Flagship Harbor Advisors LLC lifted its position in shares of Constellation Brands by 17.9% during the 4th quarter. Flagship Harbor Advisors LLC now owns 1,926 shares of the company's stock valued at $426,000 after acquiring an additional 292 shares during the period. Blue Trust Inc. boosted its stake in shares of Constellation Brands by 79.0% during the 4th quarter. Blue Trust Inc. now owns 1,828 shares of the company's stock worth $404,000 after acquiring an additional 807 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Constellation Brands in the 4th quarter worth approximately $28,000. Finally, BSW Wealth Partners grew its holdings in shares of Constellation Brands by 4.2% in the 4th quarter. BSW Wealth Partners now owns 1,563 shares of the company's stock worth $345,000 after acquiring an additional 63 shares during the period. Hedge funds and other institutional investors own 77.34% of the company's stock.

Constellation Brands Trading Down 0.9%

Shares of NYSE:STZ traded down $1.61 during trading on Friday, reaching $178.10. The stock had a trading volume of 3,033,821 shares, compared to its average volume of 1,772,571. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. The stock has a market cap of $31.71 billion, a P/E ratio of 47.88, a PEG ratio of 1.52 and a beta of 1.75. The business has a fifty day moving average price of $184.91 and a 200-day moving average price of $195.97. Constellation Brands, Inc. has a fifty-two week low of $160.46 and a fifty-two week high of $265.70.

Constellation Brands (NYSE:STZ - Get Free Report) last released its earnings results on Wednesday, April 9th. The company reported $2.63 EPS for the quarter, topping the consensus estimate of $2.28 by $0.35. The firm had revenue of $2.13 billion during the quarter, compared to analysts' expectations of $2.14 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. Constellation Brands's revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.26 EPS. As a group, analysts anticipate that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Tuesday, April 29th. This is an increase from Constellation Brands's previous quarterly dividend of $1.01. This represents a $4.08 annualized dividend and a yield of 2.29%. Constellation Brands's dividend payout ratio is -800.00%.

Insiders Place Their Bets

In other Constellation Brands news, EVP Samuel J. Glaetzer sold 3,150 shares of Constellation Brands stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $188.54, for a total value of $593,901.00. Following the completion of the sale, the executive vice president now owns 3,126 shares in the company, valued at $589,376.04. The trade was a 50.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 12.19% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Morgan Stanley reduced their price objective on Constellation Brands from $202.00 to $195.00 and set an "equal weight" rating for the company in a report on Friday, April 11th. Wall Street Zen raised Constellation Brands from a "sell" rating to a "hold" rating in a research note on Tuesday, May 20th. Piper Sandler lowered shares of Constellation Brands from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $245.00 to $200.00 in a research report on Monday, February 3rd. JPMorgan Chase & Co. lowered their price objective on shares of Constellation Brands from $203.00 to $194.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Finally, Truist Financial upgraded shares of Constellation Brands from a "hold" rating to a "buy" rating and set a $215.00 target price for the company in a report on Wednesday, May 7th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $225.74.

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.