Constellation Brands, Inc. (NYSE:STZ) Shares Bought by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC lifted its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 1.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,431 shares of the company’s stock after acquiring an additional 111 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in Constellation Brands were worth $1,642,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Constellation Brands by 13.3% during the fourth quarter. Vanguard Group Inc. now owns 15,534,787 shares of the company’s stock worth $3,433,188,000 after purchasing an additional 1,821,969 shares in the last quarter. Capital World Investors grew its stake in shares of Constellation Brands by 3.4% during the fourth quarter. Capital World Investors now owns 9,755,602 shares of the company’s stock valued at $2,155,946,000 after acquiring an additional 324,690 shares in the last quarter. Berkshire Hathaway Inc acquired a new stake in shares of Constellation Brands during the fourth quarter valued at about $1,242,976,000. Geode Capital Management LLC increased its position in shares of Constellation Brands by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 3,204,003 shares of the company’s stock worth $705,844,000 after acquiring an additional 63,323 shares during the last quarter. Finally, Capital Research Global Investors lifted its stake in shares of Constellation Brands by 0.6% in the fourth quarter. Capital Research Global Investors now owns 2,901,975 shares of the company’s stock worth $641,336,000 after acquiring an additional 18,557 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Constellation Brands

In other Constellation Brands news, EVP Samuel J. Glaetzer sold 3,150 shares of the company’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $188.54, for a total value of $593,901.00. Following the completion of the sale, the executive vice president now directly owns 3,126 shares of the company’s stock, valued at approximately $589,376.04. This represents a 50.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.19% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on STZ shares. Needham & Company LLC restated a “buy” rating and set a $215.00 price objective on shares of Constellation Brands in a report on Thursday, April 10th. Roth Mkm cut their price target on shares of Constellation Brands from $284.00 to $256.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd. The Goldman Sachs Group lowered their price objective on Constellation Brands from $260.00 to $225.00 and set a “buy” rating for the company in a report on Friday, April 11th. Barclays increased their target price on Constellation Brands from $203.00 to $207.00 and gave the stock an “overweight” rating in a report on Monday, April 14th. Finally, Piper Sandler downgraded Constellation Brands from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $245.00 to $200.00 in a report on Monday, February 3rd. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $225.74.

Constellation Brands Trading Down 1.8%

Shares of STZ stock opened at $189.36 on Wednesday. Constellation Brands, Inc. has a 1 year low of $160.46 and a 1 year high of $265.70. The firm has a market capitalization of $33.71 billion, a PE ratio of 50.90, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. The stock has a fifty day moving average of $184.44 and a two-hundred day moving average of $198.63. 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 posted its quarterly earnings data on Wednesday, April 9th. The company reported $2.63 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.35. The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.14 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.26 earnings per share. As a group, research analysts expect that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Tuesday, April 29th were given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.15%. This is an increase from Constellation Brands’s previous quarterly dividend of $1.01. The ex-dividend date was Tuesday, April 29th. Constellation Brands’s dividend payout ratio is -800.00%.

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.