Constellation Brands, Inc. (NYSE:STZ) Shares Purchased by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC grew its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 8.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,216 shares of the company’s stock after purchasing an additional 169 shares during the period. EverSource Wealth Advisors LLC’s holdings in Constellation Brands were worth $490,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Nations Financial Group Inc. IA ADV increased its holdings in Constellation Brands by 37.1% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 1,366 shares of the company’s stock valued at $352,000 after acquiring an additional 370 shares in the last quarter. Empower Advisory Group LLC boosted its stake in Constellation Brands by 8.2% in the 3rd quarter. Empower Advisory Group LLC now owns 1,330 shares of the company’s stock worth $343,000 after buying an additional 101 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in Constellation Brands by 35.0% in the third quarter. Oppenheimer & Co. Inc. now owns 12,802 shares of the company’s stock valued at $3,299,000 after purchasing an additional 3,321 shares during the period. Curi RMB Capital LLC grew its stake in shares of Constellation Brands by 30.5% during the 3rd quarter. Curi RMB Capital LLC now owns 1,674 shares of the company’s stock valued at $431,000 after buying an additional 391 shares during the period. Finally, Metis Global Partners LLC increased its stake in Constellation Brands by 0.8% during the third quarter. Metis Global Partners LLC now owns 5,570 shares of the company’s stock worth $1,435,000 after acquiring an additional 46 shares during the last quarter. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Constellation Brands

In other Constellation Brands news, Director William T. Giles bought 1,000 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were purchased at an average cost of $186.39 per share, for a total transaction of $186,390.00. Following the transaction, the director now directly owns 1,463 shares in the company, valued at $272,688.57. The trade was a 215.98 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 12.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on STZ shares. StockNews.com downgraded shares of Constellation Brands from a “hold” rating to a “sell” rating in a research note on Friday. UBS Group lowered their price objective on Constellation Brands from $265.00 to $223.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Wells Fargo & Company cut their target price on Constellation Brands from $295.00 to $275.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Jefferies Financial Group reissued a “hold” rating and set a $201.00 price target (down previously from $310.00) on shares of Constellation Brands in a research report on Monday, January 13th. Finally, Barclays cut their price target on shares of Constellation Brands from $214.00 to $205.00 and set an “overweight” rating on the stock in a report on Thursday. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Constellation Brands currently has an average rating of “Hold” and a consensus target price of $252.81.

Constellation Brands Price Performance

Shares of STZ opened at $181.46 on Friday. Constellation Brands, Inc. has a 12 month low of $160.46 and a 12 month high of $274.87. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46. The stock has a fifty day moving average price of $180.58 and a 200 day moving average price of $219.38. The company has a market cap of $32.79 billion, a P/E ratio of 48.78, a PEG ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Friday, January 10th. The company reported $3.25 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 the consensus estimate of $2.53 billion. Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The firm’s revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.19 EPS. On average, research analysts forecast that Constellation Brands, Inc. will post 13.5 earnings per share for the current year.

Constellation Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders 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 dividend yield of 2.23%. Constellation Brands’s dividend payout ratio (DPR) is presently 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.