Constellation Brands, Inc. (NYSE:STZ) Stake Lifted by Blue Zone Wealth Advisors LLC

Blue Zone Wealth Advisors LLC increased its stake in Constellation Brands, Inc. (NYSE:STZ) by 10.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,079 shares of the company’s stock after acquiring an additional 2,078 shares during the period. Blue Zone Wealth Advisors LLC’s holdings in Constellation Brands were worth $4,052,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Mainstream Capital Management LLC bought a new stake in Constellation Brands during the fourth quarter worth approximately $25,000. SBI Securities Co. Ltd. acquired a new position in Constellation Brands in the 4th quarter worth approximately $26,000. Compagnie Lombard Odier SCmA purchased a new stake in Constellation Brands in the 4th quarter worth approximately $27,000. Union Bancaire Privee UBP SA purchased a new stake in Constellation Brands in the 4th quarter worth approximately $28,000. Finally, Minot DeBlois Advisors LLC purchased a new stake in Constellation Brands in the 4th quarter worth approximately $29,000. 77.34% of the stock is currently owned by institutional investors.

Constellation Brands Stock Performance

NYSE:STZ opened at $171.88 on Friday. Constellation Brands, Inc. has a 1 year low of $160.46 and a 1 year high of $265.70. The firm’s fifty day simple moving average is $183.90 and its 200 day simple moving average is $193.71. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $30.60 billion, a PE ratio of 46.20, a PEG ratio of 1.52 and a beta of 1.75.

Constellation Brands (NYSE:STZ) last posted its earnings results on Wednesday, April 9th. The company reported $2.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.28 by $0.35. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.14 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. Constellation Brands’s revenue was up 1.2% compared to the same quarter last year. During the same period last year, the business posted $2.26 EPS. On average, sell-side analysts anticipate that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Increases Dividend

The business also recently declared 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 annualized dividend and a yield of 2.37%. This is a positive change from Constellation Brands’s previous quarterly dividend of $1.01. The ex-dividend date was Tuesday, April 29th. Constellation Brands’s dividend payout ratio (DPR) is currently -800.00%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on STZ. Wall Street Zen upgraded shares of Constellation Brands from a “sell” rating to a “hold” rating in a report on Tuesday, May 20th. Truist Financial upgraded shares of Constellation Brands from a “hold” rating to a “buy” rating and set a $215.00 price target on the stock in a report on Wednesday, May 7th. Needham & Company LLC restated a “buy” rating and set a $215.00 price target on shares of Constellation Brands in a report on Thursday, April 10th. Wells Fargo & Company cut their price target on shares of Constellation Brands from $230.00 to $210.00 and set an “overweight” rating on the stock in a report on Wednesday, April 2nd. Finally, 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. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $225.74.

Insiders Place Their Bets

In other Constellation Brands news, EVP Samuel J. Glaetzer sold 3,150 shares of the firm’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $188.54, for a total value of $593,901.00. Following the sale, the executive vice president now directly owns 3,126 shares in the company, valued at $589,376.04. This trade represents a 50.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 12.19% of the company’s stock.

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.