Constellation Brands, Inc. (NYSE:STZ) Shares Acquired by Wealthfront Advisers LLC

Wealthfront Advisers LLC increased its position in Constellation Brands, Inc. (NYSE:STZ) by 547.1% in the 4th quarter, Holdings Channel reports. The firm owned 20,080 shares of the company’s stock after buying an additional 16,977 shares during the period. Wealthfront Advisers LLC’s holdings in Constellation Brands were worth $4,438,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Mainstream Capital Management LLC acquired a new position in Constellation Brands in the fourth quarter valued at $25,000. SBI Securities Co. Ltd. acquired a new stake in shares of Constellation Brands during the fourth quarter worth about $26,000. Compagnie Lombard Odier SCmA purchased a new position in shares of Constellation Brands during the fourth quarter worth about $27,000. Union Bancaire Privee UBP SA acquired a new position in Constellation Brands in the 4th quarter valued at about $28,000. Finally, Versant Capital Management Inc raised its stake in Constellation Brands by 887.5% during the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock valued at $35,000 after acquiring an additional 142 shares during the last quarter. 77.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on STZ shares. TD Cowen lowered their target price on Constellation Brands from $270.00 to $260.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $203.00 price objective (down from $262.00) on shares of Constellation Brands in a research report on Monday, January 13th. Royal Bank of Canada cut their price objective on shares of Constellation Brands from $293.00 to $289.00 and set an “outperform” rating for the company in a research report on Friday, March 7th. Needham & Company LLC restated a “buy” rating and issued a $240.00 target price on shares of Constellation Brands in a research note on Monday, January 27th. Finally, UBS Group lowered their target price on shares of Constellation Brands from $265.00 to $223.00 and set a “buy” rating on the stock in a report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $252.81.

Insider Buying and Selling at Constellation Brands

In related news, Director William T. Giles purchased 1,000 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was bought at an average cost of $186.39 per share, with a total value of $186,390.00. Following the completion of the acquisition, the director now directly owns 1,463 shares in the company, valued at $272,688.57. The trade was a 215.98 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 12.19% of the stock is owned by insiders.

Constellation Brands Trading Down 1.3 %

Shares of STZ stock opened at $181.41 on Friday. The stock has a market cap of $32.79 billion, a P/E ratio of 48.77, a P/E/G ratio of 1.52 and a beta of 1.75. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. Constellation Brands, Inc. has a fifty-two week low of $160.46 and a fifty-two week high of $274.87. The business has a fifty day simple moving average of $181.39 and a 200-day simple moving average of $219.80.

Constellation Brands (NYSE:STZ) last posted its earnings results on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing the consensus estimate of $3.33 by ($0.08). Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The business had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.53 billion. During the same quarter last year, the business posted $3.19 earnings per share. The business’s revenue was down .3% compared to the same quarter last year. On average, analysts forecast that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend was Friday, February 7th. Constellation Brands’s payout ratio is currently 108.60%.

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.