Linscomb Wealth Inc. Has $2.79 Million Holdings in Constellation Brands, Inc. (NYSE:STZ)

Linscomb Wealth Inc. raised its position in shares of Constellation Brands, Inc. (NYSE:STZ) by 4.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,609 shares of the company’s stock after acquiring an additional 511 shares during the period. Linscomb Wealth Inc.’s holdings in Constellation Brands were worth $2,787,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Compagnie Lombard Odier SCmA bought a new stake in Constellation Brands during the 4th quarter worth approximately $27,000. Union Bancaire Privee UBP SA acquired a new position in Constellation Brands in the fourth quarter worth $28,000. Versant Capital Management Inc grew its holdings in shares of Constellation Brands by 887.5% during the fourth quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock worth $35,000 after purchasing an additional 142 shares during the last quarter. Centricity Wealth Management LLC acquired a new stake in shares of Constellation Brands in the fourth quarter valued at $35,000. Finally, Whipplewood Advisors LLC bought a new position in shares of Constellation Brands in the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 77.34% of the company’s stock.

Wall Street Analyst Weigh In

STZ has been the topic of a number of research analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $293.00 price objective on shares of Constellation Brands in a report on Monday, February 3rd. Wells Fargo & Company decreased their price target on shares of Constellation Brands from $295.00 to $275.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Needham & Company LLC restated a “buy” rating and issued a $240.00 price objective on shares of Constellation Brands in a research report on Monday, January 27th. Truist Financial decreased their price objective on Constellation Brands from $255.00 to $190.00 and set a “hold” rating on the stock in a research report on Tuesday, January 14th. Finally, Piper Sandler downgraded Constellation Brands from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $245.00 to $200.00 in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $253.43.

Constellation Brands Trading Down 2.8 %

STZ opened at $173.43 on Friday. The firm’s fifty day moving average is $190.04 and its two-hundred day moving average is $224.16. The firm has a market cap of $31.34 billion, a PE ratio of 46.62, a price-to-earnings-growth ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a twelve month low of $160.46 and a twelve month high of $274.87. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.46 and a current ratio of 1.10.

Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.08). Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The business had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.53 billion. During the same period in the previous year, the business posted $3.19 EPS. The business’s quarterly revenue was down .3% compared to the same quarter last year. Equities research analysts anticipate that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a dividend of $1.01 per share. The ex-dividend date was Friday, February 7th. This represents a $4.04 dividend on an annualized basis and a yield of 2.33%. Constellation Brands’s payout ratio is 108.60%.

Insiders Place Their Bets

In related news, Director William T. Giles acquired 1,000 shares of the stock in a transaction dated Friday, January 17th. The stock was bought at an average price of $186.39 per share, with a total value of $186,390.00. Following the completion of the transaction, the director now directly owns 1,463 shares of the company’s stock, valued at approximately $272,688.57. The trade was 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.