141 Shares in Constellation Brands, Inc. (NYSE:STZ) Acquired by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC bought a new position in shares of Constellation Brands, Inc. (NYSE:STZ) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 141 shares of the company’s stock, valued at approximately $36,000.

Several other large investors have also recently added to or reduced their stakes in the business. Fairbanks Capital Management Inc. increased its stake in Constellation Brands by 2.4% during the 2nd quarter. Fairbanks Capital Management Inc. now owns 5,167 shares of the company’s stock worth $1,329,000 after buying an additional 119 shares during the period. Morton Community Bank increased its stake in Constellation Brands by 7.5% during the 2nd quarter. Morton Community Bank now owns 12,310 shares of the company’s stock worth $3,167,000 after buying an additional 858 shares during the period. Ballentine Partners LLC increased its stake in Constellation Brands by 14.4% during the 2nd quarter. Ballentine Partners LLC now owns 2,960 shares of the company’s stock worth $762,000 after buying an additional 372 shares during the period. Caprock Group LLC increased its stake in Constellation Brands by 15.5% during the 2nd quarter. Caprock Group LLC now owns 3,642 shares of the company’s stock worth $937,000 after buying an additional 489 shares during the period. Finally, Anchor Capital Advisors LLC increased its stake in Constellation Brands by 4.5% during the 2nd quarter. Anchor Capital Advisors LLC now owns 1,231 shares of the company’s stock worth $317,000 after buying an additional 53 shares during the period. 77.34% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Kaneenat Kristann Carey sold 977 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $261.00, for a total value of $254,997.00. Following the transaction, the executive vice president now owns 2,706 shares of the company’s stock, valued at $706,266. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO Garth Hankinson sold 13,583 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $240.00, for a total transaction of $3,259,920.00. Following the transaction, the chief financial officer now owns 11,702 shares of the company’s stock, valued at $2,808,480. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kaneenat Kristann Carey sold 977 shares of the company’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $261.00, for a total value of $254,997.00. Following the transaction, the executive vice president now directly owns 2,706 shares in the company, valued at approximately $706,266. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,414 shares of company stock valued at $3,982,922. Company insiders own 12.19% of the company’s stock.

Analyst Ratings Changes

STZ has been the topic of a number of recent analyst reports. Truist Financial reissued a “hold” rating and issued a $265.00 price objective on shares of Constellation Brands in a research report on Wednesday, July 3rd. Royal Bank of Canada reissued an “outperform” rating and issued a $308.00 target price on shares of Constellation Brands in a report on Tuesday, September 3rd. UBS Group decreased their price target on Constellation Brands from $320.00 to $295.00 and set a “buy” rating for the company in a report on Monday, September 9th. Morgan Stanley dropped their price objective on Constellation Brands from $305.00 to $280.00 and set an “overweight” rating on the stock in a report on Monday, August 26th. Finally, Roth Mkm cut their target price on Constellation Brands from $303.00 to $298.00 and set a “buy” rating on the stock in a research report on Wednesday, September 4th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, Constellation Brands has a consensus rating of “Moderate Buy” and an average target price of $296.78.

Constellation Brands Trading Up 0.4 %

STZ opened at $253.53 on Tuesday. The firm has a market cap of $46.39 billion, a price-to-earnings ratio of 18.89, a price-to-earnings-growth ratio of 1.69 and a beta of 1.75. Constellation Brands, Inc. has a 52 week low of $227.50 and a 52 week high of $274.87. The business’s 50 day moving average is $245.91 and its two-hundred day moving average is $253.94. The company has a quick ratio of 0.53, a current ratio of 1.19 and a debt-to-equity ratio of 1.06.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Wednesday, July 3rd. The company reported $3.57 EPS for the quarter, topping the consensus estimate of $3.46 by $0.11. The company had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.67 billion. Constellation Brands had a return on equity of 23.72% and a net margin of 22.70%. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.91 earnings per share. On average, research analysts predict that Constellation Brands, Inc. will post 13.53 EPS for the current year.

Constellation Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Wednesday, August 14th were issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend was Wednesday, August 14th. Constellation Brands’s payout ratio is currently 30.10%.

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.