Constellation Brands, Inc. (NYSE:STZ) Shares Sold by Trust Investment Advisors

Trust Investment Advisors lowered its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,488 shares of the company’s stock after selling 55 shares during the quarter. Trust Investment Advisors’ holdings in Constellation Brands were worth $1,327,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Calamos Advisors LLC increased its holdings in shares of Constellation Brands by 0.3% in the fourth quarter. Calamos Advisors LLC now owns 158,203 shares of the company’s stock valued at $38,246,000 after purchasing an additional 531 shares during the period. Tufton Capital Management grew its position in Constellation Brands by 3.7% in the 4th quarter. Tufton Capital Management now owns 1,783 shares of the company’s stock valued at $431,000 after buying an additional 63 shares during the last quarter. Roman Butler Fullerton & Co. purchased a new position in Constellation Brands during the 4th quarter worth $208,000. Waterfront Wealth Inc. lifted its stake in shares of Constellation Brands by 2.4% in the 4th quarter. Waterfront Wealth Inc. now owns 4,753 shares of the company’s stock worth $1,149,000 after acquiring an additional 111 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Constellation Brands by 111.0% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 249 shares of the company’s stock valued at $60,000 after acquiring an additional 131 shares in the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Insider Activity at Constellation Brands

In other Constellation Brands news, EVP James A. Jr. Sabia sold 15,781 shares of Constellation Brands stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $263.63, for a total value of $4,160,345.03. Following the completion of the sale, the executive vice president now directly owns 20,910 shares of the company’s stock, valued at approximately $5,512,503.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 16.19% of the company’s stock.

Constellation Brands Price Performance

STZ stock traded up $1.37 on Thursday, reaching $258.68. The company had a trading volume of 1,160,749 shares, compared to its average volume of 1,274,331. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.53 and a current ratio of 1.19. The company’s fifty day moving average is $257.51 and its 200 day moving average is $247.13. The company has a market cap of $47.29 billion, a P/E ratio of 27.62, a PEG ratio of 1.74 and a beta of 0.97. Constellation Brands, Inc. has a 1 year low of $221.81 and a 1 year high of $274.87.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings data on Thursday, April 11th. The company reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.16. Constellation Brands had a return on equity of 23.06% and a net margin of 16.13%. The firm had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter last year, the business posted $1.98 EPS. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, research analysts forecast that Constellation Brands, Inc. will post 13.51 earnings per share for the current year.

Constellation Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be paid a dividend of $1.01 per share. This is an increase from Constellation Brands’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $4.04 annualized dividend and a dividend yield of 1.56%. Constellation Brands’s dividend payout ratio is presently 37.95%.

Wall Street Analysts Forecast Growth

STZ has been the subject of a number of recent analyst reports. Evercore ISI raised their price objective on shares of Constellation Brands from $300.00 to $310.00 and gave the company an “outperform” rating in a research report on Friday, April 12th. Royal Bank of Canada raised their price target on Constellation Brands from $295.00 to $308.00 and gave the company an “outperform” rating in a report on Friday, April 12th. BMO Capital Markets upped their price objective on Constellation Brands from $290.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, April 12th. Bank of America increased their price objective on Constellation Brands from $290.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Finally, Piper Sandler started coverage on shares of Constellation Brands in a research report on Friday, March 22nd. They set an “overweight” rating and a $300.00 target price on the stock. Three research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Constellation Brands currently has a consensus rating of “Moderate Buy” and an average price target of $298.55.

About Constellation Brands

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 Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Victoria, Vicky Chamoy, and Pacifico brands.