First National Bank & Trust Co. of Newtown Sells 50 Shares of Constellation Brands, Inc. (NYSE:STZ)

First National Bank & Trust Co. of Newtown reduced its holdings in shares of Constellation Brands, Inc. (NYSE:STZ) by 5.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 863 shares of the company’s stock after selling 50 shares during the quarter. First National Bank & Trust Co. of Newtown’s holdings in Constellation Brands were worth $209,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Impact Partnership Wealth LLC increased its holdings in Constellation Brands by 1,175.0% in the 3rd quarter. Impact Partnership Wealth LLC now owns 102 shares of the company’s stock worth $26,000 after purchasing an additional 94 shares in the last quarter. BKM Wealth Management LLC acquired a new stake in shares of Constellation Brands in the fourth quarter valued at about $28,000. Asset Dedication LLC increased its stake in shares of Constellation Brands by 3,833.3% in the third quarter. Asset Dedication LLC now owns 118 shares of the company’s stock valued at $30,000 after buying an additional 115 shares during the period. Resurgent Financial Advisors LLC acquired a new stake in shares of Constellation Brands in the fourth quarter valued at about $34,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Constellation Brands in the fourth quarter valued at about $37,000. 77.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

STZ has been the subject of several recent research reports. Barclays increased their price target on Constellation Brands from $294.00 to $295.00 and gave the company an “overweight” rating in a research note on Monday. TheStreet cut Constellation Brands from a “b” rating to a “c+” rating in a research note on Friday, January 5th. HSBC increased their price target on Constellation Brands from $290.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Royal Bank of Canada increased their price target on Constellation Brands from $295.00 to $308.00 and gave the company an “outperform” rating in a research note on Friday, April 12th. Finally, Piper Sandler started coverage on Constellation Brands in a research note on Friday, March 22nd. They issued an “overweight” rating and a $300.00 price target for the company. Three research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Constellation Brands currently has a consensus rating of “Moderate Buy” and an average price target of $298.55.

Insider Activity

In related news, EVP James A. Jr. Sabia sold 15,781 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $263.63, for a total value of $4,160,345.03. Following the completion of the transaction, the executive vice president now directly owns 20,910 shares of the company’s stock, valued at approximately $5,512,503.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 16.19% of the company’s stock.

Constellation Brands Stock Up 1.3 %

Constellation Brands stock traded up $3.44 during midday trading on Friday, hitting $262.12. 350,412 shares of the stock were exchanged, compared to its average volume of 1,261,904. The company has a quick ratio of 0.53, a current ratio of 1.19 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $47.92 billion, a price-to-earnings ratio of 27.95, a price-to-earnings-growth ratio of 1.74 and a beta of 0.97. Constellation Brands, Inc. has a 52-week low of $221.81 and a 52-week high of $274.87. The business’s 50-day moving average price is $257.82 and its 200-day moving average price is $247.21.

Constellation Brands (NYSE:STZ) last released its earnings results on Thursday, April 11th. The company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.16. The company had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.09 billion. Constellation Brands had a return on equity of 23.06% and a net margin of 16.13%. Constellation Brands’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.98 earnings per share. On average, research analysts expect that Constellation Brands, Inc. will post 13.51 EPS for the current fiscal year.

Constellation Brands Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend is Thursday, May 2nd. This is a boost from Constellation Brands’s previous quarterly dividend of $0.89. Constellation Brands’s payout ratio is 37.95%.

About Constellation Brands

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 Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Victoria, Vicky Chamoy, and Pacifico brands.