Orion Portfolio Solutions LLC Acquires 109 Shares of Constellation Brands, Inc. (NYSE:STZ)

Orion Portfolio Solutions LLC grew its holdings in Constellation Brands, Inc. (NYSE:STZ) by 2.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,399 shares of the company’s stock after acquiring an additional 109 shares during the period. Orion Portfolio Solutions LLC’s holdings in Constellation Brands were worth $1,193,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Pictet Asset Management Holding SA lifted its stake in shares of Constellation Brands by 1.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 82,748 shares of the company’s stock valued at $18,287,000 after purchasing an additional 791 shares during the last quarter. Providence Capital Advisors LLC raised its holdings in Constellation Brands by 39,878.5% during the fourth quarter. Providence Capital Advisors LLC now owns 25,986 shares of the company’s stock valued at $5,743,000 after buying an additional 25,921 shares in the last quarter. Norges Bank acquired a new stake in shares of Constellation Brands in the fourth quarter worth about $445,883,000. Loomis Sayles & Co. L P boosted its stake in shares of Constellation Brands by 55.6% during the 4th quarter. Loomis Sayles & Co. L P now owns 291 shares of the company’s stock worth $64,000 after acquiring an additional 104 shares in the last quarter. Finally, AssuredPartners Investment Advisors LLC acquired a new position in shares of Constellation Brands during the 4th quarter valued at about $475,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Constellation Brands Stock Down 4.2 %

NYSE STZ opened at $173.79 on Friday. Constellation Brands, Inc. has a 1-year low of $160.46 and a 1-year high of $274.87. The company has a market capitalization of $31.41 billion, a price-to-earnings ratio of 46.72, a PEG ratio of 1.52 and a beta of 1.75. The stock’s 50 day moving average is $177.14 and its two-hundred day moving average is $212.55. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26.

Constellation Brands (NYSE:STZ) last announced 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 company had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.53 billion. Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The business’s revenue was down .3% on a year-over-year basis. During the same quarter last year, the company earned $3.19 earnings per share. Equities analysts forecast that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a $1.01 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a yield of 2.32%. Constellation Brands’s dividend payout ratio (DPR) is presently 108.60%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Needham & Company LLC reduced their target price on Constellation Brands from $240.00 to $215.00 and set a “buy” rating for the company in a report on Thursday, March 27th. Royal Bank of Canada reduced their price objective on shares of Constellation Brands from $293.00 to $289.00 and set an “outperform” rating for the company in a research note on Friday, March 7th. Truist Financial lowered their target price on shares of Constellation Brands from $255.00 to $190.00 and set a “hold” rating on the stock in a research note on Tuesday, January 14th. Piper Sandler lowered shares of Constellation Brands from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $245.00 to $200.00 in a research report on Monday, February 3rd. Finally, StockNews.com cut shares of Constellation Brands from a “hold” rating to a “sell” rating in a report on Friday, March 14th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $244.32.

Insiders Place Their Bets

In other Constellation Brands news, Director William T. Giles bought 1,000 shares of Constellation Brands stock in a transaction dated Friday, January 17th. The shares were acquired at an average cost of $186.39 per share, with a total value of $186,390.00. Following the acquisition, the director now directly owns 1,463 shares of the company’s stock, valued at $272,688.57. The trade was a 215.98 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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.