Constellation Brands, Inc. (NYSE:STZ) Shares Sold by Prentice Wealth Management LLC

Prentice Wealth Management LLC trimmed its holdings in Constellation Brands, Inc. (NYSE:STZ) by 3.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,369 shares of the company’s stock after selling 135 shares during the period. Prentice Wealth Management LLC’s holdings in Constellation Brands were worth $745,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in STZ. Blue Trust Inc. grew its holdings in Constellation Brands by 181.3% in the third quarter. Blue Trust Inc. now owns 1,021 shares of the company’s stock valued at $263,000 after purchasing an additional 658 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Constellation Brands by 17.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 12,361 shares of the company’s stock valued at $3,185,000 after purchasing an additional 1,833 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of Constellation Brands by 13.1% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 4,961 shares of the company’s stock valued at $1,278,000 after purchasing an additional 573 shares during the last quarter. Eastern Bank purchased a new stake in shares of Constellation Brands during the 3rd quarter valued at $39,000. Finally, Courier Capital LLC increased its holdings in shares of Constellation Brands by 7.1% during the 3rd quarter. Courier Capital LLC now owns 894 shares of the company’s stock worth $230,000 after buying an additional 59 shares during the last quarter. 77.34% of the stock is owned by institutional investors and hedge funds.

Constellation Brands Stock Performance

Shares of STZ stock opened at $176.00 on Friday. The stock has a market capitalization of $31.81 billion, a price-to-earnings ratio of 47.31, a PEG ratio of 1.52 and a beta of 0.90. Constellation Brands, Inc. has a one year low of $160.46 and a one year high of $274.87. The company’s 50-day simple moving average is $194.29 and its 200-day simple moving average is $225.88. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Friday, January 10th. The company reported $3.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.33 by ($0.08). The firm had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.53 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The company’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.19 EPS. Equities analysts anticipate that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date was Friday, February 7th. Constellation Brands’s dividend payout ratio is presently 108.60%.

Analyst Ratings Changes

A number of research analysts recently weighed in on STZ shares. Piper Sandler cut Constellation Brands from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $245.00 to $200.00 in a report on Monday, February 3rd. Barclays reduced their price objective on Constellation Brands from $282.00 to $214.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Jefferies Financial Group reissued a “hold” rating and set a $201.00 target price (down previously from $310.00) on shares of Constellation Brands in a research report on Monday, January 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $240.00 price target on shares of Constellation Brands in a research report on Monday, January 27th. Finally, Truist Financial reduced their target price on shares of Constellation Brands from $255.00 to $190.00 and set a “hold” rating on the stock in a report on Tuesday, January 14th. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Constellation Brands presently has an average rating of “Moderate Buy” and an average target price of $254.29.

Insider Buying and Selling at Constellation Brands

In other Constellation Brands news, Director William T. Giles bought 1,000 shares of the business’s stock in a transaction on Friday, January 17th. The shares were purchased at an average price 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 of the company’s stock, valued at approximately $272,688.57. The trade was a 215.98 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 12.19% of the stock is owned by insiders.

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 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.