Vanguard Personalized Indexing Management LLC Has $2.69 Million Holdings in Constellation Brands, Inc. (NYSE:STZ)

Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 20.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,675 shares of the company’s stock after acquiring an additional 1,783 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Constellation Brands were worth $2,694,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of STZ. EverSource Wealth Advisors LLC boosted its position in Constellation Brands by 16.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,654 shares of the company’s stock worth $400,000 after acquiring an additional 238 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in Constellation Brands by 3.9% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 22,593 shares of the company’s stock worth $5,462,000 after acquiring an additional 843 shares during the period. Commerce Bank lifted its holdings in shares of Constellation Brands by 5.6% during the 4th quarter. Commerce Bank now owns 14,011 shares of the company’s stock valued at $3,387,000 after buying an additional 742 shares during the last quarter. SageView Advisory Group LLC lifted its holdings in shares of Constellation Brands by 7.8% during the 4th quarter. SageView Advisory Group LLC now owns 949 shares of the company’s stock valued at $236,000 after buying an additional 69 shares during the last quarter. Finally, Avantax Planning Partners Inc. lifted its holdings in shares of Constellation Brands by 384.9% during the 4th quarter. Avantax Planning Partners Inc. now owns 6,837 shares of the company’s stock valued at $1,653,000 after buying an additional 5,427 shares during the last quarter. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Constellation Brands

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 value of $3,259,920.00. Following the completion of the transaction, the chief financial officer now directly owns 11,702 shares in the company, valued at $2,808,480. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 value of $3,259,920.00. Following the completion of the transaction, the chief financial officer now directly owns 11,702 shares in the company, valued at $2,808,480. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel J. Mccarthy sold 1,854 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $252.43, for a total value of $468,005.22. Following the completion of the transaction, the director now owns 3,232 shares of the company’s stock, valued at $815,853.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,414 shares of company stock worth $3,982,922. 12.19% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on STZ. Roth Mkm reduced their price target on Constellation Brands from $303.00 to $298.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. JPMorgan Chase & Co. reduced their price target on Constellation Brands from $320.00 to $307.00 and set an “overweight” rating for the company in a report on Tuesday, September 3rd. Morgan Stanley reduced their price target on Constellation Brands from $305.00 to $280.00 and set an “overweight” rating for the company in a report on Monday, August 26th. Truist Financial reiterated a “hold” rating and set a $265.00 price target on shares of Constellation Brands in a report on Wednesday, July 3rd. Finally, Barclays lifted their price target on Constellation Brands from $287.00 to $295.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, Constellation Brands has an average rating of “Moderate Buy” and an average target price of $296.78.

Constellation Brands Stock Down 0.1 %

Shares of STZ stock opened at $248.09 on Friday. Constellation Brands, Inc. has a 12 month low of $227.50 and a 12 month high of $274.87. The firm has a market cap of $45.39 billion, a PE ratio of 18.49, a price-to-earnings-growth ratio of 1.69 and a beta of 1.75. The stock has a 50 day moving average of $245.42 and a 200-day moving average of $253.90. 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 issued its quarterly earnings results on Wednesday, July 3rd. The company reported $3.57 EPS for the quarter, topping analysts’ consensus estimates of $3.46 by $0.11. Constellation Brands had a return on equity of 23.72% and a net margin of 22.70%. The company had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same period in the previous year, the company earned $2.91 earnings per share. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, equities analysts predict that Constellation Brands, Inc. will post 13.53 EPS for the current year.

Constellation Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Wednesday, August 14th were paid a $1.01 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.63%. Constellation Brands’s payout ratio is 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.