Constellation Brands Inc $STZ Shares Sold by Resources Management Corp CT ADV

Resources Management Corp CT ADV reduced its position in Constellation Brands Inc (NYSE:STZ) by 89.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,030 shares of the company’s stock after selling 8,537 shares during the quarter. Resources Management Corp CT ADV’s holdings in Constellation Brands were worth $142,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of STZ. Stance Capital LLC acquired a new position in Constellation Brands in the 3rd quarter valued at about $26,000. GoalVest Advisory LLC acquired a new position in Constellation Brands in the 4th quarter valued at about $28,000. Elyxium Wealth LLC acquired a new position in Constellation Brands in the 4th quarter valued at about $33,000. GW&K Investment Management LLC grew its position in Constellation Brands by 58.9% in the 4th quarter. GW&K Investment Management LLC now owns 267 shares of the company’s stock valued at $37,000 after acquiring an additional 99 shares in the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new position in Constellation Brands in the 4th quarter valued at about $39,000. 77.34% of the stock is owned by institutional investors and hedge funds.

Constellation Brands Price Performance

STZ stock opened at $148.06 on Tuesday. The business has a 50 day moving average price of $149.84 and a 200 day moving average price of $150.05. The stock has a market cap of $25.50 billion, a price-to-earnings ratio of 15.44, a PEG ratio of 3.44 and a beta of 0.39. Constellation Brands Inc has a fifty-two week low of $126.45 and a fifty-two week high of $178.13. The company has a quick ratio of 0.55, a current ratio of 1.08 and a debt-to-equity ratio of 1.16.

Constellation Brands (NYSE:STZ) last posted its earnings results on Wednesday, April 8th. The company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.19. The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Constellation Brands had a return on equity of 26.18% and a net margin of 17.29%.The firm’s revenue was down 11.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.63 earnings per share. Equities research analysts anticipate that Constellation Brands Inc will post 11.87 earnings per share for the current fiscal year.

Constellation Brands Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Wednesday, April 29th were paid a dividend of $1.03 per share. The ex-dividend date was Wednesday, April 29th. This is a positive change from Constellation Brands’s previous quarterly dividend of $1.02. This represents a $4.12 annualized dividend and a yield of 2.8%. Constellation Brands’s dividend payout ratio (DPR) is presently 42.96%.

Insiders Place Their Bets

In related news, EVP James O. Bourdeau sold 4,407 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $143.24, for a total transaction of $631,258.68. Following the completion of the sale, the executive vice president owned 9,109 shares in the company, valued at $1,304,773.16. The trade was a 32.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 12.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on STZ. Piper Sandler lifted their target price on Constellation Brands from $146.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, April 10th. Deutsche Bank Aktiengesellschaft lifted their target price on Constellation Brands from $154.00 to $155.00 and gave the company a “hold” rating in a research report on Friday, April 10th. JPMorgan Chase & Co. lifted their target price on Constellation Brands from $155.00 to $163.00 and gave the company a “neutral” rating in a research report on Wednesday, April 1st. Citigroup reaffirmed a “buy” rating on shares of Constellation Brands in a research report on Monday, May 18th. Finally, Wells Fargo & Company lifted their target price on Constellation Brands from $180.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $175.26.

Constellation Brands Company Profile

Constellation Brands, Inc is a leading producer and marketer of beer, wine and spirits, with operations spanning production, importation, marketing and distribution. The company’s beverage portfolio includes a range of premium and mainstream wines and spirits alongside major imported beer brands; in the U.S. market Constellation is widely known for its role in bringing Mexican imports such as Corona and Modelo to American consumers. Constellation supplies retail, on‑premise and foodservice channels and supports its brands with national sales and marketing platforms and supply‑chain capabilities.

The company traces its roots to the Canandaigua Wine Company, founded by Marvin Sands in 1945, and evolved through organic growth and acquisition into a diversified beverage company.