Roffman Miller Associates Inc. PA Has $6.95 Million Stock Holdings in Constellation Brands, Inc. (NYSE:STZ)

Roffman Miller Associates Inc. PA cut its position in Constellation Brands, Inc. (NYSE:STZ) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,435 shares of the company’s stock after selling 457 shares during the period. Roffman Miller Associates Inc. PA’s holdings in Constellation Brands were worth $6,947,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. State Street Corp boosted its stake in Constellation Brands by 6.0% during the 3rd quarter. State Street Corp now owns 7,144,428 shares of the company’s stock valued at $1,841,048,000 after purchasing an additional 402,211 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Constellation Brands by 1.2% during the 3rd quarter. Janus Henderson Group PLC now owns 1,853,081 shares of the company’s stock valued at $477,515,000 after purchasing an additional 21,454 shares during the last quarter. Van ECK Associates Corp boosted its stake in Constellation Brands by 1,844.7% during the 4th quarter. Van ECK Associates Corp now owns 924,274 shares of the company’s stock valued at $204,265,000 after purchasing an additional 876,745 shares during the last quarter. National Pension Service boosted its stake in Constellation Brands by 13.6% during the 3rd quarter. National Pension Service now owns 381,755 shares of the company’s stock valued at $98,374,000 after purchasing an additional 45,707 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Constellation Brands by 66.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 369,966 shares of the company’s stock valued at $81,762,000 after purchasing an additional 147,457 shares during the last quarter. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

STZ has been the subject of a number of analyst reports. StockNews.com upgraded Constellation Brands from a “sell” rating to a “hold” rating in a research note on Thursday, February 13th. Evercore ISI cut their price target on Constellation Brands from $300.00 to $250.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $203.00 price target (down previously from $262.00) on shares of Constellation Brands in a research note on Monday, January 13th. Jefferies Financial Group restated a “hold” rating and issued a $201.00 target price (down previously from $310.00) on shares of Constellation Brands in a research note on Monday, January 13th. Finally, Truist Financial cut their target price on Constellation Brands from $255.00 to $190.00 and set a “hold” rating on the stock in a research note on Tuesday, January 14th. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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 stock in a transaction on Friday, January 17th. The shares were acquired at an average price of $186.39 per share, with a total value of $186,390.00. Following the acquisition, the director now directly owns 1,463 shares of the company’s stock, valued at $272,688.57. The trade was a 215.98 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 12.19% of the company’s stock.

Constellation Brands Trading Up 2.1 %

Shares of STZ stock opened at $176.00 on Monday. The company’s fifty day simple moving average is $194.29 and its two-hundred day simple moving average is $225.71. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. Constellation Brands, Inc. has a 1 year low of $160.46 and a 1 year high of $274.87. 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 1.75.

Constellation Brands (NYSE:STZ) last issued its earnings results on Friday, January 10th. The company reported $3.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $2.53 billion. During the same period in the previous year, the firm earned $3.19 EPS. The company’s revenue was down .3% compared to the same quarter last year. As a group, analysts anticipate that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Dividend Announcement

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