Constellation Brands, Inc. (NYSE:STZ) Shares Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. boosted its position in Constellation Brands, Inc. (NYSE:STZ) by 13.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,481 shares of the company’s stock after acquiring an additional 1,096 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Constellation Brands were worth $2,439,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Orion Portfolio Solutions LLC increased its holdings in shares of Constellation Brands by 1.1% in the 1st quarter. Orion Portfolio Solutions LLC now owns 3,676 shares of the company’s stock valued at $999,000 after acquiring an additional 39 shares during the last quarter. Capital Advisors Ltd. LLC increased its stake in Constellation Brands by 16.5% in the first quarter. Capital Advisors Ltd. LLC now owns 290 shares of the company’s stock valued at $79,000 after purchasing an additional 41 shares during the last quarter. 1620 Investment Advisors Inc. raised its holdings in Constellation Brands by 1.8% during the fourth quarter. 1620 Investment Advisors Inc. now owns 2,352 shares of the company’s stock worth $569,000 after purchasing an additional 42 shares in the last quarter. Copperwynd Financial LLC lifted its position in shares of Constellation Brands by 1.6% during the 4th quarter. Copperwynd Financial LLC now owns 2,779 shares of the company’s stock worth $672,000 after buying an additional 43 shares during the last quarter. Finally, RDA Financial Network boosted its holdings in shares of Constellation Brands by 2.3% in the 1st quarter. RDA Financial Network now owns 1,923 shares of the company’s stock valued at $523,000 after buying an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Constellation Brands Price Performance

STZ stock opened at $253.53 on Tuesday. The company has a market cap of $46.39 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 1.69 and a beta of 1.75. The company has a current ratio of 1.19, a quick ratio of 0.53 and a debt-to-equity ratio of 1.06. The firm has a 50 day moving average of $245.91 and a 200-day moving average of $253.94. Constellation Brands, Inc. has a 12-month low of $227.50 and a 12-month high of $274.87.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Wednesday, July 3rd. The company reported $3.57 earnings per share 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 analysts’ expectations of $2.67 billion. During the same period in the previous year, the firm posted $2.91 earnings per share. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, equities analysts expect that Constellation Brands, Inc. will post 13.53 EPS for the current fiscal year.

Constellation Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Wednesday, August 14th were issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend was Wednesday, August 14th. Constellation Brands’s dividend payout ratio (DPR) is 30.10%.

Insiders Place Their Bets

In related news, Director Daniel J. Mccarthy sold 1,854 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $252.43, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Constellation Brands news, CFO Garth Hankinson sold 13,583 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $240.00, for a total transaction of $3,259,920.00. Following the completion of the sale, the chief financial officer now directly owns 11,702 shares in the company, valued at $2,808,480. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Daniel J. Mccarthy sold 1,854 shares of Constellation Brands stock in a transaction on Friday, July 26th. The shares were sold at an average price of $252.43, for a total transaction of $468,005.22. Following the transaction, the director now owns 3,232 shares in the company, valued at approximately $815,853.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,414 shares of company stock valued at $3,982,922. Insiders own 12.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on STZ. Truist Financial reiterated a “hold” rating and set a $265.00 price target on shares of Constellation Brands in a research note 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. BMO Capital Markets restated an “outperform” rating and set a $315.00 price target on shares of Constellation Brands in a research note on Friday, July 5th. UBS Group reduced their price objective on Constellation Brands from $320.00 to $295.00 and set a “buy” rating for the company in a research note on Monday, September 9th. Finally, Morgan Stanley decreased their price objective on Constellation Brands from $305.00 to $280.00 and set an “overweight” rating for the company in a report on Monday, August 26th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, Constellation Brands presently has an average rating of “Moderate Buy” and a consensus target price of $296.78.

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.