Whelan Financial Buys New Shares in Constellation Brands Inc (NYSE:STZ)

Whelan Financial acquired a new position in shares of Constellation Brands Inc (NYSE:STZ - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,587 shares of the company's stock, valued at approximately $475,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in Constellation Brands in the fourth quarter valued at about $26,000. Minot DeBlois Advisors LLC acquired a new position in Constellation Brands in the fourth quarter valued at about $29,000. Optiver Holding B.V. acquired a new position in Constellation Brands in the fourth quarter valued at about $31,000. Rialto Wealth Management LLC acquired a new position in Constellation Brands in the fourth quarter valued at about $37,000. Finally, Laurel Wealth Advisors LLC acquired a new position in Constellation Brands in the first quarter valued at about $32,000. Institutional investors and hedge funds own 77.34% of the company's stock.

Insider Buying and Selling at Constellation Brands

In other news, EVP Samuel J. Glaetzer sold 3,150 shares of the company's stock in a transaction dated Tuesday, May 13th. The stock was 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 in the company, valued at $589,376.04. This represents a 50.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 12.45% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on STZ. Citigroup boosted their price target on Constellation Brands from $170.00 to $174.00 and gave the company a "neutral" rating in a research note on Thursday. Truist Financial raised Constellation Brands from a "hold" rating to a "buy" rating and boosted their target price for the stock from $190.00 to $215.00 in a research note on Wednesday, May 7th. UBS Group boosted their target price on Constellation Brands from $195.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday. Needham & Company LLC boosted their target price on Constellation Brands from $195.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, Morgan Stanley dropped their price objective on shares of Constellation Brands from $202.00 to $195.00 and set an "equal weight" rating for the company in a report on Friday, April 11th. Eleven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $213.35.

Constellation Brands Trading Down 0.7%

Shares of Constellation Brands stock opened at $172.61 on Friday. The stock's 50-day simple moving average is $177.11 and its 200 day simple moving average is $183.33. Constellation Brands Inc has a 52-week low of $159.35 and a 52-week high of $264.45. The stock has a market capitalization of $30.73 billion, a P/E ratio of -72.22, a P/E/G ratio of 9.57 and a beta of 0.67. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.56 and a current ratio of 1.07.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its quarterly earnings results 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 negative net margin of 4.11% and a positive return on equity of 31.41%. The company had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the prior year, the company earned $3.57 earnings per share. The company's quarterly revenue was down 5.5% on a year-over-year basis. As a group, research analysts anticipate that Constellation Brands Inc will post 13.5 EPS for the current year.

Constellation Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Wednesday, July 30th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Wednesday, July 30th. Constellation Brands's dividend payout ratio is presently -170.71%.

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.

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