Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Acquires 522 Shares of Constellation Brands, Inc. (NYSE:STZ)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 22.4% during the 4th quarter, Holdings Channel reports. The fund owned 2,855 shares of the company’s stock after buying an additional 522 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Constellation Brands were worth $700,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Impact Partnership Wealth LLC grew its holdings in Constellation Brands by 1,175.0% during the 3rd quarter. Impact Partnership Wealth LLC now owns 102 shares of the company’s stock worth $26,000 after acquiring an additional 94 shares in the last quarter. BKM Wealth Management LLC purchased a new stake in shares of Constellation Brands during the fourth quarter valued at about $28,000. Asset Dedication LLC lifted its position in shares of Constellation Brands by 3,833.3% during the third quarter. Asset Dedication LLC now owns 118 shares of the company’s stock valued at $30,000 after buying an additional 115 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Constellation Brands during the fourth quarter valued at about $37,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Constellation Brands during the third quarter valued at about $41,000. 77.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Constellation Brands from $256.00 to $262.00 and gave the company a “hold” rating in a research report on Wednesday, April 10th. BMO Capital Markets raised their price objective on shares of Constellation Brands from $290.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, April 12th. Piper Sandler started coverage on shares of Constellation Brands in a research note on Friday, March 22nd. They set an “overweight” rating and a $300.00 price objective on the stock. Jefferies Financial Group raised their price objective on shares of Constellation Brands from $292.00 to $314.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Finally, Argus raised shares of Constellation Brands from a “hold” rating to a “buy” rating and set a $306.00 price objective on the stock in a research note on Monday, April 15th. Three investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $298.55.

Constellation Brands Trading Up 0.4 %

Shares of NYSE STZ traded up $1.11 during trading on Tuesday, hitting $260.85. 429,558 shares of the company were exchanged, compared to its average volume of 1,261,061. Constellation Brands, Inc. has a 12-month low of $221.81 and a 12-month high of $274.87. 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 has a fifty day moving average price of $258.44 and a 200-day moving average price of $247.40. The firm has a market capitalization of $47.69 billion, a PE ratio of 27.68, a P/E/G ratio of 1.76 and a beta of 0.97.

Constellation Brands (NYSE:STZ) last posted its quarterly earnings results on Thursday, April 11th. The company reported $2.26 EPS for the quarter, topping the consensus estimate of $2.10 by $0.16. Constellation Brands had a return on equity of 23.06% and a net margin of 16.13%. The business had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same quarter in the previous year, the firm earned $1.98 EPS. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. As a group, equities research analysts expect that Constellation Brands, Inc. will post 13.51 EPS for the current year.

Constellation Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be issued a $1.01 dividend. This is a positive change from Constellation Brands’s previous quarterly dividend of $0.89. This represents a $4.04 annualized dividend and a yield of 1.55%. The ex-dividend date is Thursday, May 2nd. Constellation Brands’s payout ratio is 37.95%.

Insider Activity at Constellation Brands

In related news, EVP James A. Jr. Sabia sold 15,781 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now directly owns 20,910 shares in the company, valued at approximately $5,512,503.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 16.19% of the stock is owned by insiders.

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