Valeo Financial Advisors LLC Acquires 703 Shares of Constellation Brands, Inc. (NYSE:STZ)

Valeo Financial Advisors LLC grew its holdings in Constellation Brands, Inc. (NYSE:STZ) by 4.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,534 shares of the company’s stock after purchasing an additional 703 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Constellation Brands were worth $4,493,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. BKM Wealth Management LLC acquired a new stake in shares of Constellation Brands in the 4th quarter valued at $28,000. Kapitalo Investimentos Ltda bought a new position in shares of Constellation Brands in the 4th quarter valued at about $35,000. First Financial Corp IN acquired a new stake in Constellation Brands during the 1st quarter worth $35,000. Turtle Creek Wealth Advisors LLC acquired a new position in Constellation Brands in the fourth quarter valued at about $37,000. Finally, Exchange Traded Concepts LLC acquired a new position in Constellation Brands in the fourth quarter valued at about $45,000. Institutional investors own 77.34% of the company’s stock.

Wall Street Analysts Forecast Growth

STZ has been the subject of a number of analyst reports. UBS Group decreased their price target on Constellation Brands from $320.00 to $315.00 and set a “buy” rating for the company in a research note on Thursday, June 20th. Jefferies Financial Group lifted their target price on Constellation Brands from $292.00 to $314.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Truist Financial reaffirmed a “hold” rating and set a $265.00 target price on shares of Constellation Brands in a report on Wednesday. Wedbush restated an “outperform” rating and set a $300.00 price objective on shares of Constellation Brands in a report on Wednesday, April 10th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $308.00 price target on shares of Constellation Brands in a research note on Tuesday, May 28th. Three equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, Constellation Brands presently has an average rating of “Moderate Buy” and an average target price of $298.63.

Constellation Brands Stock Performance

Constellation Brands stock traded down $8.57 during trading on Wednesday, hitting $250.37. The stock had a trading volume of 2,666,266 shares, compared to its average volume of 1,204,989. The company has a quick ratio of 0.53, a current ratio of 1.19 and a debt-to-equity ratio of 1.06. The stock’s 50 day moving average is $255.22 and its two-hundred day moving average is $254.02. Constellation Brands, Inc. has a 1 year low of $227.50 and a 1 year high of $274.87. The stock has a market cap of $45.81 billion, a price-to-earnings ratio of 26.69, a price-to-earnings-growth ratio of 1.71 and a beta of 0.87.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Wednesday, July 3rd. The company reported $3.57 EPS for the quarter, beating analysts’ consensus estimates of $3.46 by $0.11. The company had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.67 billion. Constellation Brands had a net margin of 16.13% and a return on equity of 23.06%. Constellation Brands’s revenue was up 5.8% compared to the same quarter last year. During the same period last year, the business earned $2.91 earnings per share. As a group, analysts predict that Constellation Brands, Inc. will post 13.67 EPS for the current year.

Constellation Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Wednesday, August 14th will be issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 1.61%. Constellation Brands’s dividend payout ratio is presently 43.07%.

Insider Buying and Selling

In other news, CEO William A. Newlands sold 25,000 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $261.54, for a total transaction of $6,538,500.00. Following the completion of the sale, the chief executive officer now owns 14,700 shares of the company’s stock, valued at $3,844,638. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Constellation Brands news, CEO William A. Newlands sold 25,000 shares of the business’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $261.54, for a total value of $6,538,500.00. Following the sale, the chief executive officer now directly owns 14,700 shares of the company’s stock, valued at $3,844,638. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP James A. Jr. Sabia sold 15,781 shares of Constellation Brands stock in a transaction on Friday, April 12th. The stock was 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 disclosure for this sale can be found here. Insiders have sold a total of 48,031 shares of company stock worth $12,582,321 in the last ninety days. 12.19% of the stock is owned by insiders.

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 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.