AssuredPartners Investment Advisors LLC Invests $475,000 in Constellation Brands, Inc. (NYSE:STZ)

AssuredPartners Investment Advisors LLC purchased a new stake in Constellation Brands, Inc. (NYSE:STZ) in the 4th quarter, HoldingsChannel reports. The fund purchased 2,148 shares of the company’s stock, valued at approximately $475,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Van ECK Associates Corp grew its holdings in shares of Constellation Brands by 1,844.7% during the fourth quarter. Van ECK Associates Corp now owns 924,274 shares of the company’s stock valued at $204,265,000 after buying an additional 876,745 shares during the last quarter. Copperleaf Capital LLC bought a new position in Constellation Brands in the 4th quarter valued at about $343,000. Grimes & Company Inc. acquired a new position in Constellation Brands during the 4th quarter valued at about $6,099,000. Empowered Funds LLC increased its holdings in Constellation Brands by 62.8% during the 4th quarter. Empowered Funds LLC now owns 16,575 shares of the company’s stock worth $3,663,000 after purchasing an additional 6,391 shares in the last quarter. Finally, Southern Style Financial Inc. purchased a new stake in shares of Constellation Brands in the fourth quarter worth approximately $3,074,000. Institutional investors own 77.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on STZ shares. 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. Argus lowered shares of Constellation Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Roth Capital lowered their target price on shares of Constellation Brands from $298.00 to $284.00 and set a “buy” rating for the company in a report on Friday, January 17th. Piper Sandler cut shares of Constellation Brands from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $245.00 to $200.00 in a report on Monday, February 3rd. Finally, Truist Financial reduced their price objective on shares of Constellation Brands from $255.00 to $190.00 and set a “hold” rating for the company in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $249.18.

Insider Activity

In related news, Director William T. Giles bought 1,000 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were acquired at an average cost of $186.39 per share, with a total value of $186,390.00. Following the completion of the purchase, the director now directly owns 1,463 shares of the company’s stock, valued at $272,688.57. This trade represents a 215.98 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 12.19% of the company’s stock.

Constellation Brands Trading Up 0.1 %

Shares of STZ stock opened at $184.35 on Friday. The stock has a market capitalization of $33.32 billion, a price-to-earnings ratio of 49.56, a PEG ratio of 1.52 and a beta of 1.75. The company’s fifty day simple moving average is $177.20 and its two-hundred day simple moving average is $215.45. Constellation Brands, Inc. has a 1 year low of $160.46 and a 1 year 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.

Constellation Brands (NYSE:STZ) last posted its earnings results on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The firm had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same period last year, the company posted $3.19 EPS. The business’s revenue was down .3% on a year-over-year basis. As a group, analysts anticipate 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. Shareholders of record on Friday, February 7th were issued a $1.01 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.04 annualized dividend and a dividend yield of 2.19%. Constellation Brands’s payout ratio is currently 108.60%.

Constellation Brands 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.