Constellation Brands, Inc. (NYSE:STZ) Shares Sold by WD Rutherford LLC

WD Rutherford LLC cut its position in Constellation Brands, Inc. (NYSE:STZ) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,353 shares of the company’s stock after selling 193 shares during the quarter. WD Rutherford LLC’s holdings in Constellation Brands were worth $2,605,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of STZ. Impact Partnership Wealth LLC increased its position in Constellation Brands by 1,175.0% in the 3rd quarter. Impact Partnership Wealth LLC now owns 102 shares of the company’s stock valued at $26,000 after acquiring an additional 94 shares during the period. BKM Wealth Management LLC bought a new stake in Constellation Brands during the fourth quarter worth approximately $28,000. Asset Dedication LLC lifted its position in Constellation Brands by 3,833.3% in the third quarter. Asset Dedication LLC now owns 118 shares of the company’s stock worth $30,000 after purchasing an additional 115 shares during the period. Turtle Creek Wealth Advisors LLC bought a new position in Constellation Brands during the 4th quarter valued at $37,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Constellation Brands in the 3rd quarter worth $41,000. 77.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Constellation Brands

In other news, EVP James A. Jr. Sabia sold 15,781 shares of the company’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $263.63, for a total transaction of $4,160,345.03. Following the completion of the transaction, the executive vice president now owns 20,910 shares of the company’s stock, valued at $5,512,503.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO William A. Newlands sold 4,013 shares of the business’s stock in a transaction that occurred on Friday, April 19th. The stock was sold at an average price of $263.25, for a total transaction of $1,056,422.25. Following the sale, the chief executive officer now directly owns 5,395 shares in the company, valued at $1,420,233.75. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP James A. Jr. Sabia sold 15,781 shares of the firm’s 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 transaction, the executive vice president now directly owns 20,910 shares of the company’s stock, valued at $5,512,503.30. The disclosure for this sale can be found here. Insiders own 16.19% of the company’s stock.

Constellation Brands Trading Down 0.6 %

Shares of STZ stock opened at $260.04 on Friday. Constellation Brands, Inc. has a 12 month low of $221.81 and a 12 month high of $274.87. The company has a market cap of $47.54 billion, a PE ratio of 27.72, a price-to-earnings-growth ratio of 1.77 and a beta of 0.97. 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 business’s 50 day moving average is $259.80 and its two-hundred day moving average is $247.94.

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

Constellation Brands Increases Dividend

The business also recently announced 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 a boost 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 of this dividend is Thursday, May 2nd. Constellation Brands’s dividend payout ratio is presently 37.95%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on STZ shares. BMO Capital Markets lifted their target price on Constellation Brands from $290.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, April 12th. Argus upgraded shares of Constellation Brands from a “hold” rating to a “buy” rating and set a $306.00 target price on the stock in a report on Monday, April 15th. Piper Sandler initiated coverage on shares of Constellation Brands in a report on Friday, March 22nd. They set an “overweight” rating and a $300.00 target price for the company. HSBC upped their price target on Constellation Brands from $290.00 to $300.00 and gave the company a “buy” rating in a report on Friday, April 12th. Finally, TheStreet lowered Constellation Brands from a “b” rating to a “c+” rating in a research note on Friday, January 5th. Three investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $298.55.

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