Beaumont Financial Advisors LLC Acquires 92 Shares of Constellation Brands, Inc. (NYSE:STZ)

Beaumont Financial Advisors LLC grew its holdings in shares of Constellation Brands, Inc. (NYSE:STZFree Report) by 5.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,925 shares of the company’s stock after buying an additional 92 shares during the quarter. Beaumont Financial Advisors LLC’s holdings in Constellation Brands were worth $484,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Indiana Trust & Investment Management CO bought a new stake in Constellation Brands during the third quarter worth $25,000. Impact Partnership Wealth LLC boosted its position in Constellation Brands by 1,175.0% during the third quarter. Impact Partnership Wealth LLC now owns 102 shares of the company’s stock worth $26,000 after purchasing an additional 94 shares during the period. TimeScale Financial Inc. bought a new position in shares of Constellation Brands in the second quarter valued at about $34,000. Resurgent Financial Advisors LLC acquired a new stake in shares of Constellation Brands during the 4th quarter worth about $34,000. Finally, First Financial Corp IN bought a new stake in shares of Constellation Brands during the 3rd quarter worth about $40,000. 88.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

STZ has been the subject of several research reports. Truist Financial restated a “hold” rating and set a $260.00 price objective on shares of Constellation Brands in a research report on Friday, October 6th. Wells Fargo & Company upped their price objective on Constellation Brands from $280.00 to $285.00 and gave the company an “overweight” rating in a report on Tuesday, October 3rd. JPMorgan Chase & Co. dropped their target price on Constellation Brands from $309.00 to $301.00 and set an “overweight” rating for the company in a report on Thursday, December 21st. Argus lowered shares of Constellation Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Finally, Barclays cut their price objective on shares of Constellation Brands from $294.00 to $280.00 and set an “overweight” rating for the company in a report on Friday, October 6th. Four analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, Constellation Brands presently has a consensus rating of “Moderate Buy” and an average target price of $289.24.

Read Our Latest Stock Analysis on Constellation Brands

Insider Buying and Selling

In other Constellation Brands news, major shareholder Family Foundation Sands sold 102,152 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $241.84, for a total value of $24,704,439.68. Following the sale, the insider now owns 409,077 shares in the company, valued at approximately $98,931,181.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 593,130 shares of company stock valued at $146,487,062 in the last three months. Insiders own 16.19% of the company’s stock.

Constellation Brands Stock Performance

Shares of Constellation Brands stock opened at $252.66 on Thursday. The company’s 50 day moving average price is $241.63 and its two-hundred day moving average price is $249.45. The firm has a market capitalization of $46.19 billion, a P/E ratio of 29.90, a P/E/G ratio of 2.01 and a beta of 0.96. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.05 and a quick ratio of 0.46. Constellation Brands, Inc. has a fifty-two week low of $210.15 and a fifty-two week high of $273.65.

Constellation Brands (NYSE:STZGet Free Report) last posted its earnings results on Friday, January 5th. The company reported $3.19 EPS for the quarter, beating the consensus estimate of $3.03 by $0.16. Constellation Brands had a return on equity of 23.35% and a net margin of 14.76%. The firm had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.54 billion. During the same period last year, the company earned $2.83 earnings per share. The business’s quarterly revenue was up 1.4% on a year-over-year basis. On average, equities analysts forecast that Constellation Brands, Inc. will post 11.88 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th will be paid a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend is Wednesday, February 7th. Constellation Brands’s payout ratio is currently 42.13%.

Constellation Brands Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Constellation Brands (NYSE:STZ)

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