Financial Counselors Inc. Sells 1,459 Shares of Constellation Brands, Inc. (NYSE:STZ)

Financial Counselors Inc. cut its stake in shares of Constellation Brands, Inc. (NYSE:STZ - Free Report) by 6.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,885 shares of the company's stock after selling 1,459 shares during the quarter. Financial Counselors Inc.'s holdings in Constellation Brands were worth $5,058,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in STZ. Allworth Financial LP grew its holdings in Constellation Brands by 0.8% during the 4th quarter. Allworth Financial LP now owns 7,357 shares of the company's stock worth $1,626,000 after acquiring an additional 59 shares in the last quarter. BSW Wealth Partners lifted its position in shares of Constellation Brands by 4.2% during the 4th quarter. BSW Wealth Partners now owns 1,563 shares of the company's stock worth $345,000 after purchasing an additional 63 shares during the last quarter. Philip James Wealth Mangement LLC grew its stake in shares of Constellation Brands by 8.0% during the fourth quarter. Philip James Wealth Mangement LLC now owns 923 shares of the company's stock worth $204,000 after purchasing an additional 68 shares in the last quarter. Oak Asset Management LLC increased its holdings in Constellation Brands by 0.4% in the fourth quarter. Oak Asset Management LLC now owns 17,611 shares of the company's stock valued at $3,892,000 after buying an additional 71 shares during the last quarter. Finally, Barden Capital Management Inc. raised its stake in Constellation Brands by 1.3% in the fourth quarter. Barden Capital Management Inc. now owns 5,574 shares of the company's stock valued at $1,232,000 after buying an additional 72 shares in the last quarter. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Insider Activity at Constellation Brands

In other news, Director William T. Giles bought 1,000 shares of the business's stock in a transaction that occurred on Friday, January 17th. The stock was acquired at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the completion of the purchase, the director now owns 1,463 shares of the company's stock, valued at $272,688.57. This trade represents a 215.98 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 12.19% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on STZ. TD Cowen lowered their price objective on Constellation Brands from $270.00 to $260.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. Royal Bank of Canada dropped their price target on shares of Constellation Brands from $293.00 to $289.00 and set an "outperform" rating on the stock in a research note on Friday, March 7th. Argus downgraded shares of Constellation Brands from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Citigroup downgraded shares of Constellation Brands from a "buy" rating to a "neutral" rating and dropped their target price for the company from $260.00 to $200.00 in a research report on Thursday, March 20th. Finally, Piper Sandler lowered shares of Constellation Brands from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $245.00 to $200.00 in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $249.18.

Constellation Brands Stock Up 0.1 %

Shares of Constellation Brands stock traded up $0.11 on Monday, hitting $183.85. 355,069 shares of the company traded hands, compared to its average volume of 1,623,048. The company has a market cap of $33.23 billion, a PE ratio of 49.40, a PEG ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a 12-month low of $160.46 and a 12-month high of $274.87. 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 company has a 50-day moving average price of $177.19 and a 200 day moving average price of $214.50.

Constellation Brands (NYSE:STZ - Get Free Report) last announced its quarterly earnings results on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.08). The business had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.53 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The business's revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter last year, the company earned $3.19 EPS. Sell-side analysts predict that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a dividend of $1.01 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.04 annualized dividend and a dividend yield of 2.20%. Constellation Brands's dividend payout ratio is presently 108.60%.

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.