Constellation Brands, Inc. (NYSE:STZ) Stock Holdings Raised by Premier Path Wealth Partners LLC

Premier Path Wealth Partners LLC increased its holdings in Constellation Brands, Inc. (NYSE:STZ) by 2.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,246 shares of the company’s stock after buying an additional 111 shares during the period. Premier Path Wealth Partners LLC’s holdings in Constellation Brands were worth $1,350,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Capital International Investors grew its stake in shares of Constellation Brands by 39.4% in the first quarter. Capital International Investors now owns 11,685,249 shares of the company’s stock worth $3,175,583,000 after purchasing an additional 3,304,709 shares in the last quarter. Norges Bank bought a new position in Constellation Brands in the 4th quarter valued at about $443,844,000. Capital World Investors increased its stake in Constellation Brands by 8.7% during the 1st quarter. Capital World Investors now owns 9,040,669 shares of the company’s stock valued at $2,456,892,000 after buying an additional 723,549 shares during the period. Boston Partners bought a new stake in shares of Constellation Brands during the 4th quarter worth about $156,358,000. Finally, Manning & Napier Advisors LLC acquired a new stake in shares of Constellation Brands in the 2nd quarter worth approximately $119,394,000. 77.34% of the stock is owned by institutional investors.

Insider Transactions at Constellation Brands

In other Constellation Brands news, CFO Garth Hankinson sold 13,583 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $240.00, for a total transaction of $3,259,920.00. Following the completion of the sale, the chief financial officer now directly owns 11,702 shares of the company’s stock, valued at approximately $2,808,480. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Kaneenat Kristann Carey sold 977 shares of Constellation Brands stock in a transaction on Friday, July 12th. The stock was sold at an average price of $261.00, for a total transaction of $254,997.00. Following the completion of the sale, the executive vice president now directly owns 2,706 shares of the company’s stock, valued at $706,266. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Garth Hankinson sold 13,583 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $240.00, for a total value of $3,259,920.00. Following the completion of the transaction, the chief financial officer now directly owns 11,702 shares in the company, valued at approximately $2,808,480. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,414 shares of company stock worth $3,982,922. Corporate insiders own 12.19% of the company’s stock.

Analysts Set New Price Targets

STZ has been the subject of several recent research reports. Truist Financial reiterated a “hold” rating and issued a $265.00 price target on shares of Constellation Brands in a research report on Wednesday, July 3rd. JPMorgan Chase & Co. boosted their price target on shares of Constellation Brands from $291.00 to $320.00 and gave the company an “overweight” rating in a report on Friday, July 5th. Jefferies Financial Group upped their price target on shares of Constellation Brands from $310.00 to $311.00 and gave the company a “buy” rating in a research report on Friday, July 5th. Roth Mkm lowered their price objective on shares of Constellation Brands from $305.00 to $303.00 and set a “buy” rating on the stock in a research report on Friday, July 5th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $308.00 target price on shares of Constellation Brands in a report on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $300.28.

Constellation Brands Stock Performance

Shares of NYSE:STZ traded up $1.51 on Friday, hitting $245.21. 637,073 shares of the company were exchanged, compared to its average volume of 1,175,121. Constellation Brands, Inc. has a one year low of $227.50 and a one year high of $274.87. The firm has a market capitalization of $44.87 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 1.62 and a beta of 1.75. The company’s 50 day moving average price is $250.01 and its two-hundred day moving average price is $253.74. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.53 and a current ratio of 1.19.

Constellation Brands (NYSE:STZ) last released its quarterly earnings data on Wednesday, July 3rd. The company reported $3.57 earnings per share for the quarter, beating analysts’ consensus estimates of $3.46 by $0.11. The company had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.67 billion. Constellation Brands had a return on equity of 23.72% and a net margin of 22.70%. The company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.91 earnings per share. Research analysts expect that Constellation Brands, Inc. will post 13.57 earnings per share for the current year.

Constellation Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Wednesday, August 14th will be paid a $1.01 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.65%. Constellation Brands’s dividend payout ratio (DPR) is presently 30.10%.

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 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.