Constellation Brands Inc $STZ Shares Sold by WealthPlan Investment Management LLC

WealthPlan Investment Management LLC trimmed its position in shares of Constellation Brands Inc (NYSE:STZ) by 52.7% during the fourth quarter, Holdings Channel reports. The firm owned 16,515 shares of the company’s stock after selling 18,431 shares during the quarter. WealthPlan Investment Management LLC’s holdings in Constellation Brands were worth $2,278,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new position in Constellation Brands during the third quarter worth $26,000. Stance Capital LLC acquired a new position in Constellation Brands during the third quarter worth $26,000. GoalVest Advisory LLC acquired a new position in Constellation Brands during the fourth quarter worth $28,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Constellation Brands during the fourth quarter worth $39,000. Finally, CVA Family Office LLC lifted its stake in Constellation Brands by 713.2% during the third quarter. CVA Family Office LLC now owns 309 shares of the company’s stock worth $42,000 after purchasing an additional 271 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

STZ has been the topic of a number of research reports. Evercore set a $175.00 price target on Constellation Brands and gave the stock an “outperform” rating in a research note on Friday, April 10th. Roth Mkm restated a “buy” rating on shares of Constellation Brands in a research note on Thursday, April 9th. Citigroup restated a “buy” rating on shares of Constellation Brands in a research note on Friday, April 10th. Wells Fargo & Company upped their price target on Constellation Brands from $180.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, April 10th. Finally, JPMorgan Chase & Co. upped their price target on Constellation Brands from $155.00 to $163.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $176.30.

Constellation Brands Stock Up 1.4%

Shares of NYSE STZ opened at $142.55 on Friday. The stock has a market cap of $24.55 billion, a P/E ratio of 14.86, a PEG ratio of 3.12 and a beta of 0.43. The company has a current ratio of 1.08, a quick ratio of 0.55 and a debt-to-equity ratio of 1.16. Constellation Brands Inc has a 12-month low of $126.45 and a 12-month high of $196.91. The business’s fifty day simple moving average is $152.68 and its 200-day simple moving average is $148.03.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Wednesday, April 8th. The company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.19. The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Constellation Brands had a return on equity of 26.18% and a net margin of 17.29%.The company’s revenue for the quarter was down 11.3% compared to the same quarter last year. During the same period last year, the firm earned $2.63 earnings per share. As a group, equities analysts predict that Constellation Brands Inc will post 11.9 EPS for the current fiscal year.

Constellation Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Wednesday, April 29th were paid a $1.03 dividend. The ex-dividend date was Wednesday, April 29th. This is an increase from Constellation Brands’s previous quarterly dividend of $1.02. This represents a $4.12 annualized dividend and a dividend yield of 2.9%. Constellation Brands’s payout ratio is 42.96%.

Insider Activity

In other news, EVP James O. Bourdeau sold 4,407 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $143.24, for a total value of $631,258.68. Following the sale, the executive vice president directly owned 9,109 shares in the company, valued at approximately $1,304,773.16. This trade represents a 32.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 12.45% of the company’s stock.

Constellation Brands Profile

Constellation Brands, Inc is a leading producer and marketer of beer, wine and spirits, with operations spanning production, importation, marketing and distribution. The company’s beverage portfolio includes a range of premium and mainstream wines and spirits alongside major imported beer brands; in the U.S. market Constellation is widely known for its role in bringing Mexican imports such as Corona and Modelo to American consumers. Constellation supplies retail, on‑premise and foodservice channels and supports its brands with national sales and marketing platforms and supply‑chain capabilities.

The company traces its roots to the Canandaigua Wine Company, founded by Marvin Sands in 1945, and evolved through organic growth and acquisition into a diversified beverage company.