Atria Wealth Solutions Inc. Has $1.43 Million Position in Constellation Brands, Inc. (NYSE:STZ)

Atria Wealth Solutions Inc. cut its holdings in Constellation Brands, Inc. (NYSE:STZ) by 7.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 6,468 shares of the company’s stock after selling 538 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Constellation Brands were worth $1,430,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Van ECK Associates Corp boosted its holdings in shares of Constellation Brands by 1,844.7% in the fourth quarter. Van ECK Associates Corp now owns 924,274 shares of the company’s stock valued at $204,265,000 after buying an additional 876,745 shares during the period. State Street Corp boosted its stake in Constellation Brands by 6.0% in the 3rd quarter. State Street Corp now owns 7,144,428 shares of the company’s stock worth $1,841,048,000 after purchasing an additional 402,211 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in Constellation Brands by 66.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 369,966 shares of the company’s stock worth $81,762,000 after purchasing an additional 147,457 shares in the last quarter. NFJ Investment Group LLC raised its stake in shares of Constellation Brands by 617.3% in the 3rd quarter. NFJ Investment Group LLC now owns 108,382 shares of the company’s stock valued at $27,929,000 after purchasing an additional 93,273 shares during the period. Finally, World Investment Advisors LLC lifted its holdings in shares of Constellation Brands by 4,601.2% in the third quarter. World Investment Advisors LLC now owns 87,771 shares of the company’s stock valued at $22,618,000 after purchasing an additional 85,904 shares in the last quarter. 77.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

STZ has been the topic of several recent research reports. Evercore ISI lowered their price target on shares of Constellation Brands from $300.00 to $250.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. JPMorgan Chase & Co. restated a “neutral” rating and set a $203.00 target price (down from $262.00) on shares of Constellation Brands in a report on Monday, January 13th. StockNews.com raised shares of Constellation Brands from a “sell” rating to a “hold” rating in a research report on Thursday, February 13th. BNP Paribas assumed coverage on shares of Constellation Brands in a research report on Monday, November 25th. They issued a “neutral” rating and a $261.00 price objective for the company. Finally, UBS Group dropped their target price on shares of Constellation Brands from $265.00 to $223.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $254.29.

Constellation Brands Price Performance

Shares of Constellation Brands stock opened at $176.00 on Monday. The company has a quick ratio of 0.46, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $31.81 billion, a price-to-earnings ratio of 47.31, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a twelve month low of $160.46 and a twelve month high of $274.87. The company has a 50-day simple moving average of $194.29 and a two-hundred day simple moving average of $225.71.

Constellation Brands (NYSE:STZ) last released its quarterly earnings results on Friday, January 10th. The company reported $3.25 earnings per share for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). The business had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.53 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The firm’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.19 earnings per share. Analysts forecast that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a dividend of $1.01 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.30%. Constellation Brands’s payout ratio is 108.60%.

Insider Transactions at Constellation Brands

In other news, Director William T. Giles acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The stock was acquired at an average price of $186.39 per share, with a total value of $186,390.00. Following the completion of the transaction, the director now directly owns 1,463 shares of the company’s stock, valued at $272,688.57. This trade represents a 215.98 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 12.19% of the stock is currently owned by insiders.

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.