HMV Wealth Advisors LLC Buys New Shares in Constellation Brands, Inc. (NYSE:STZ)

HMV Wealth Advisors LLC bought a new stake in shares of Constellation Brands, Inc. (NYSE:STZ) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,216 shares of the company’s stock, valued at approximately $490,000.

Several other institutional investors and hedge funds also recently made changes to their positions in STZ. Nations Financial Group Inc. IA ADV grew its holdings in shares of Constellation Brands by 37.1% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 1,366 shares of the company’s stock valued at $352,000 after purchasing an additional 370 shares during the last quarter. Empower Advisory Group LLC grew its holdings in Constellation Brands by 8.2% in the 3rd quarter. Empower Advisory Group LLC now owns 1,330 shares of the company’s stock worth $343,000 after acquiring an additional 101 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in Constellation Brands by 35.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 12,802 shares of the company’s stock worth $3,299,000 after acquiring an additional 3,321 shares during the last quarter. Curi RMB Capital LLC grew its holdings in Constellation Brands by 30.5% in the 3rd quarter. Curi RMB Capital LLC now owns 1,674 shares of the company’s stock worth $431,000 after acquiring an additional 391 shares during the last quarter. Finally, Metis Global Partners LLC grew its holdings in Constellation Brands by 0.8% in the 3rd quarter. Metis Global Partners LLC now owns 5,570 shares of the company’s stock worth $1,435,000 after acquiring an additional 46 shares during the last quarter. Institutional investors own 77.34% of the company’s stock.

Constellation Brands Trading Down 0.1 %

Shares of NYSE STZ opened at $181.46 on Friday. Constellation Brands, Inc. has a 1 year low of $160.46 and a 1 year high of $274.87. The stock has a market cap of $32.79 billion, a P/E ratio of 48.78, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. The firm has a 50-day moving average of $180.58 and a 200 day moving average of $219.38. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings results on Friday, January 10th. The company reported $3.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.33 by ($0.08). Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The business had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.53 billion. During the same period last year, the business earned $3.19 earnings per share. The company’s revenue was down .3% on a year-over-year basis. As a group, sell-side analysts expect that Constellation Brands, Inc. will post 13.5 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a $1.01 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.04 annualized dividend and a yield of 2.23%. Constellation Brands’s dividend payout ratio (DPR) is presently 108.60%.

Wall Street Analyst Weigh In

STZ has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $203.00 price target (down previously from $262.00) on shares of Constellation Brands in a report on Monday, January 13th. BNP Paribas initiated coverage on shares of Constellation Brands in a report on Monday, November 25th. They issued a “neutral” rating and a $261.00 price target on the stock. Wells Fargo & Company cut their price target on shares of Constellation Brands from $295.00 to $275.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Roth Capital cut their price target on shares of Constellation Brands from $298.00 to $284.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Finally, Morgan Stanley lowered shares of Constellation Brands from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $220.00 to $202.00 in a report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Constellation Brands presently has an average rating of “Hold” and an average target price of $252.81.

Insiders Place Their Bets

In other news, Director William T. Giles bought 1,000 shares of the firm’s stock in a transaction on Friday, January 17th. The stock was acquired at an average cost of $186.39 per share, with a total value of $186,390.00. Following the completion of the acquisition, the director now owns 1,463 shares of the company’s stock, valued at approximately $272,688.57. This represents a 215.98 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 12.19% of the company’s stock.

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.